The Gross Domestic Product (GDP) in Kuwait expanded 1.90 percent in the second quarter of 2018 over the same quarter of the previous year. GDP Annual Growth Rate in Kuwait averaged 3.28 percent from 1963 until 2018, 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.

Kuwait GDP Annual Growth Rate
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Kuwait GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 1.90 -0.40 33.99 -20.62 percent [+]
GDP 120.13 110.91 174.16 1.83 USD Billion [+]
GDP Constant Prices 9929.50 9792.20 19955.90 572.00 KWD Million [+]
Gross Fixed Capital Formation 10541.90 9044.80 10541.90 96.00 KWD Million [+]
GDP per capita 33545.60 35250.90 49588.80 33545.60 USD [+]
GDP per capita PPP 65530.50 68861.80 96870.40 65530.50 USD [+]
GDP Growth Rate 1.40 -1.10 13.50 -5.10 percent [+]

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. . This page provides - Kuwait GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Kuwait GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
1.90 -0.40 33.99 -20.62 1963 - 2018 percent Quarterly

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