Kuwait GDP

The Gross Domestic Product (GDP) in Kuwait was worth 176.59 billion US dollars in 2011. The GDP value of Kuwait represents 0.28 percent of the world economy. GDP in Kuwait is reported by the World Bank. From 1962 until 2011, Kuwait GDP averaged 33.3 USD Billion reaching an all time high of 176.6 USD Billion in December of 2011 and a record low of 1.8 USD Billion in December of 1962. The gross domestic product (GDP) measures of national income and output for a given country's economy. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time. This page provides - Kuwait GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-16

Actual Previous Highest Lowest Forecast Dates Unit Frequency
176.59 124.35 176.59 1.83 179.83 | 2012/12 1962 - 2011 USD Billion Yearly

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Kuwait GDP
LIST BY COUNTRY

GDP Last Previous Highest Lowest Forecast Unit
GDP Constant Prices 19245.40 2011-06-30 18104.20 19955.90 572.00 19340.50 2011-12-31 KWD Million [+]
Gross Fixed Capital Formation 7746.40 2012-06-29 7261.60 7746.40 96.00 7769.04 2012-12-31 KWD Million [+]
GDP 176.59 2011-12-31 124.35 176.59 1.83 179.83 2012-12-31 USD Billion [+]
GDP Annual Growth Rate 6.10 2012-12-31 6.30 33.99 -20.62 6.60 2013-12-31 Percent [+]
GDP per capita 31626.23 2011-12-31 30532.94 35185.93 3815.53 31699.62 2012-12-31 USD [+]
GDP per capita PPP 43230.63 2011-12-31 41736.19 48096.47 22877.48 43333.62 2012-12-31 USD [+]
[+]


GDP | Notes
The gross domestic product (GDP) or gross domestic income (GDI) is one of the measures of national income and output. GDP can be defined in three ways, which should give identical results. First, it is equal to the total expenditures for all final goods and services produced within the country in a specified period of time (usually a 365-day year). Second, it is equal to the sum of the value added at every stage of production by all the industries, plus taxes and minus subsidies on products. Third, it is equal to the sum of the income generated by production like compensation of employees, taxes on production and imports less subsidies, and gross operating surplus.


RELATED NEWS

Kuwait Crude Oil Production at 2650.00 Thousands Barrels per Day  
Crude Oil Production in Kuwait remained unchanged at 2650 Thousands Barrels per Day in October of 2013 from 2650 Thousands Barrels per Day in September of 2013. Crude Oil Production in Kuwait is reported by the U.S. Energy Information Administration.
Kuwait Capital Flows at -9338.00 KWD Million  
Capital Flows in Kuwait decreased to -9338 KWD Million in 2010 from -7293 KWD Million in 2009. Capital Flows in Kuwait is reported by the Central Bank of Kuwait.
Kuwait Consumer Spending at 11348.80 KWD Million  
Consumer Spending in Kuwait increased to 11348.80 KWD Million in 2012 from 10319 KWD Million in 2011. Consumer Spending in Kuwait is reported by the Central Bank of Kuwait.
Kuwait GDP Constant Prices at 19245.40 KWD Million  
GDP Constant Prices in Kuwait increased to 19245.40 KWD Million in 2011 from 18104.20 KWD Million in 2010. GDP Constant Prices in Kuwait is reported by the Central Bank Of Kuwait.
Kuwait Government Budget Value at -6066.30 KWD Million  
Kuwait recorded a government budget deficit of 6066.30 KWD Million in March of 2013. Government Budget Value in Kuwait is reported by the Central Bank Of Kuwait.
Kuwait Government Spending at 7775.40 KWD Million  
Government Spending in Kuwait increased to 7775.40 KWD Million in 2012 from 6626.40 KWD Million in 2011. Government Spending in Kuwait is reported by the Central Bank of Kuwait.
Kuwait Gross Fixed Capital Formation at 7746.40 KWD Million  
Gross Fixed Capital Formation in Kuwait increased to 7746.40 KWD Million in 2012 from 7261.60 KWD Million in 2011. Gross Fixed Capital Formation in Kuwait is reported by the Central Bank Of Kuwait.
Kuwait Producer Prices at 123.40 Index Points  
Producer Prices in Kuwait decreased to 123.40 Index Points in December of 2013 from 123.90 Index Points in November of 2013. Producer Prices in Kuwait is reported by the Central Bank of Kuwait.
Kuwait Remittances at 4412.00 KWD Million  
Remittances in Kuwait increased to 4412 KWD Million in 2012 from 3660 KWD Million in 2011. Remittances in Kuwait is reported by the Central Bank of Kuwait.
Kuwait Tourist Arrivals at 5729.00 Thousand  
Tourist Arrivals in Kuwait increased to 5729 Thousand in 2012 from 5574 Thousand in 2011. Tourist Arrivals in Kuwait is reported by the The Statistical, Economic and Social Research and Training Centre for Islamic Countries.
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