Gross national savings — all countries

Gross national savings — Kuwait

Gross national savings in Kuwait in 2024 — 44.1%. Ranked 3 in the world out of 146. Since 1975, the indicator has fallen by 23.7 pp.

2024 44.1% −4.7 pp vs 2023
World rank 3of 146
Period maximum 71.3%1981
Period minimum 22.9%1992

Trend over time

1975–2024 · % of GDP

Gross national savings — Kuwait, 1975–2024020406080197519801985199019952000200520102015202020241975: 67.9%1976: 69.3%1977: 55.5%1978: 59.8%1979: 70.4%1980: 69.4%1981: 71.3%1982: 48.2%1983: 51.2%1984: 53.3%1985: 44.2%1986: 56.4%1987: 52.3%1988: 49%1989: 51.8%1992: 22.9%1993: 31.2%1994: 31.4%1995: 37.7%1996: 39.9%1997: 42.6%1998: 27%1999: 31.4%2000: 49.6%2001: 38.2%2002: 28.3%2003: 36.3%2004: 48.7%2005: 58.9%2006: 66.9%2007: 57.2%2008: 58.5%2009: 42.9%2010: 50.7%2011: 57.5%2012: 59%2013: 55.5%2014: 50.2%2015: 30.9%2016: 25.5%2017: 35.5%2018: 39.9%2019: 35.7%2020: 23%2021: 39.7%2022: 50.9%2023: 48.8%2024: 44.1%
Change over the period: −23.7 pp Annual average: -0.48 pp

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Kuwait

Kuwait 44.1%
World 26.1%
Western Asia computed 29.9%
Gross national savings — Kuwait, by year Kuwait All countries CSV XLSX
Year % Change, pp
2024 44.1 −4.7 pp
2023 48.8 −2.1 pp
2022 50.9 +11.3 pp
2021 39.7 +16.7 pp
2020 23 −12.7 pp
2019 35.7 −4.2 pp
2018 39.9 +4.4 pp
2017 35.5 +10 pp
2016 25.5 −5.5 pp
2015 30.9 −19.3 pp
2014 50.2 −5.3 pp
2013 55.5 −3.5 pp
2012 59 +1.4 pp
2011 57.5 +6.9 pp
2010 50.7 +7.8 pp
2009 42.9 −15.6 pp
2008 58.5 +1.3 pp
2007 57.2 −9.6 pp
2006 66.9 +8 pp
2005 58.9 +10.1 pp
2004 48.7 +12.4 pp
2003 36.3 +8 pp
2002 28.3 −9.9 pp
2001 38.2 −11.4 pp
2000 49.6 +18.2 pp
1999 31.4 +4.4 pp
1998 27 −15.6 pp
1997 42.6 +2.7 pp
1996 39.9 +2.2 pp
1995 37.7 +6.3 pp
1994 31.4 +0.2 pp
1993 31.2 +8.3 pp
1992 22.9
1989 51.8 +2.8 pp
1988 49 −3.3 pp
1987 52.3 −4.1 pp
1986 56.4 +12.2 pp
1985 44.2 −9.1 pp
1984 53.3 +2 pp
1983 51.2 +3 pp
1982 48.2 −23.1 pp
1981 71.3 +1.9 pp
1980 69.4 −1 pp
1979 70.4 +10.6 pp
1978 59.8 +4.2 pp
1977 55.5 −13.8 pp
1976 69.3 +1.4 pp
1975 67.9

About the indicator

Gross national savings as a percent of GDP — what is left of national income after all consumption, private and public. Savings and capital formation differ by the balance of external transactions: a country that saves more than it invests at home exports capital, and one that invests more than it saves imports it. Hence the stable link with the current account balance, which is exactly what this indicator makes visible.

Important: The difference between savings and capital formation is approximately equal to the current account balance — that is an identity of the national accounts, not a coincidence.

Source: World Development Indicators (World Bank), license CC BY 4.0.