The Gross Domestic Product (GDP) in Kuwait expanded 0.96 percent in the first quarter of 2025 over the same quarter of the previous year. GDP Annual Growth Rate in Kuwait averaged 2.47 percent from 1963 until 2025, reaching an all time high of 33.99 percent in the fourth quarter of 1993 and a record low of -20.62 percent in the fourth quarter of 1980. source: Kuwait Central Statistical Bureau

GDP Annual Growth Rate in Kuwait is expected to be 3.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Kuwait GDP Annual Growth Rate is projected to trend around 4.70 percent in 2026, according to our econometric models.



Related Last Previous Unit Reference
GDP 160.23 165.38 USD Billion Dec 2024
GDP Annual Growth Rate 0.96 -0.75 percent Mar 2025
GDP Constant Prices 10335.28 10418.49 KWD Million Mar 2025
GDP per Capita 23500.26 24716.20 USD Dec 2024
GDP per Capita PPP 45426.95 47777.40 USD Dec 2024



Kuwait GDP Annual Growth Rate
Kuwait holds the world´s sixth biggest proven reserves of oil as such oil sector accounts for 40 percent of GDP, 90 percent of total exports and 80 percent of state revenues. The services sector constitutes 30 percent of the output. Within services the largest segments are: community, social and personal services (11 percent of GDP); real estate and financial and business services (9 percent) and wholesale and retail trade and restaurants and hotels (8 percent). Manufacturing contributes for 23 percent of the wealth and construction and electricity, gas and water distribution for the remaining 7 percent..
Actual Previous Highest Lowest Dates Unit Frequency
0.96 -0.75 33.99 -20.62 1963 - 2025 percent Quarterly
NSA