Oil rents as a share of gdp in Kuwait
Kuwait: Oil rents as a share of gdp was 27.58 in 2020. ▼ Falling
Latest (2020)
27.58
Change on year
down 28.6%
World rank
5th
of 199 countries
All-time high
70.81
in 1974
All-time low
13.22
in 1991
Years of data
50
1970–2020
Oil rents as a share of gdp in Kuwait, 1970–2020
Source: Our World in Data.
Analysis
The most recent figure for oil rents as a share of gdp in Kuwait is 27.58, measured in 2020.
The figure is down 28.6% on the previous year and down 42.8% over ten years.
Over the whole period, oil rents as a share of gdp in Kuwait peaked at 70.81 in 1974 and was at its lowest, 13.22, in 1991.
Kuwait ranks 5th of 199 countries on this measure, in the top 10%.
The long-run direction has been consistently falling across the 50 years of available data.
Oil rents as a share of gdp in Kuwait, year by year
| Year | Value | Change |
|---|---|---|
| 1970 | 34.89 | — |
| 1971 | 36.73 | +5.3% |
| 1972 | 41.99 | +14.3% |
| 1973 | 47.67 | +13.5% |
| 1974 | 70.81 | +48.5% |
| 1975 | 62.09 | -12.3% |
| 1976 | 63.77 | +2.7% |
| 1977 | 58.74 | -7.9% |
| 1978 | 59.25 | +0.9% |
| 1980 | 67.05 | +13.2% |
| 1981 | 46.23 | -31.0% |
| 1982 | 32.48 | -29.7% |
| 1983 | 42.11 | +29.6% |
| 1984 | 43.85 | +4.1% |
| 1985 | 34.88 | -20.5% |
| 1986 | 25.96 | -25.6% |
| 1987 | 23.62 | -9.0% |
| 1988 | 26.15 | +10.7% |
| 1989 | 33.57 | +28.4% |
| 1990 | 38.87 | +15.8% |
| 1991 | 13.22 | -66.0% |
| 1992 | 28.13 | +112.9% |
| 1993 | 39.37 | +39.9% |
| 1994 | 36.61 | -7.0% |
| 1995 | 36.23 | -1.0% |
| 1996 | 40.14 | +10.8% |
| 1997 | 38.39 | -4.3% |
| 1998 | 27.93 | -27.3% |
| 1999 | 33.88 | +21.3% |
| 2000 | 50.29 | +48.4% |
| 2001 | 42.8 | -14.9% |
| 2002 | 37.2 | -13.1% |
| 2003 | 39.82 | +7.0% |
| 2004 | 46.11 | +15.8% |
| 2005 | 53.32 | +15.6% |
| 2006 | 51.04 | -4.3% |
| 2007 | 48.16 | -5.7% |
| 2008 | 52.89 | +9.8% |
| 2009 | 38.85 | -26.5% |
| 2010 | 48.19 | +24.0% |
| 2011 | 58.37 | +21.1% |
| 2012 | 57.41 | -1.6% |
| 2013 | 55.56 | -3.2% |
| 2014 | 53.24 | -4.2% |
| 2015 | 36.45 | -31.5% |
| 2016 | 31.67 | -13.1% |
| 2017 | 36.01 | +13.7% |
| 2018 | 44.05 | +22.3% |
| 2019 | 38.66 | -12.2% |
| 2020 | 27.58 | -28.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 52.88 | 34.89 | 70.81 | 9 |
| 1980s | 37.59 | 23.62 | 67.05 | 10 |
| 1990s | 33.28 | 13.22 | 40.14 | 10 |
| 2000s | 46.05 | 37.2 | 53.32 | 10 |
| 2010s | 45.96 | 31.67 | 58.37 | 10 |
| 2020s | 27.58 | 27.58 | 27.58 | 1 |
Countries ranked near Kuwait
More energy & mining data for Kuwait
- Fuel imports 0.6% (2024)
- Ores and metals imports 2.0% (2024)
- Ores and metals exports 0.1% (2024)
- Gas production 155.3 terawatt-hours (2025)
- Fossil fuel production per person, by fuel 30,898 kilowatt-hours per person (2025)
- Fossil fuel production by fuel 155.3 terawatt-hours (2025)
- Gas production per person 30,898 kilowatt-hours per person (2025)
- Fossil fuel production by fuel, per capita 0 terawatt-hours per person (2025)
- Fossil fuel production by fuel, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Gas production, per capita 0 terawatt-hours per person (2025)
Frequently asked questions
- What is oil rents as a share of gdp in Kuwait?
- Oil rents as a share of gdp in Kuwait was 27.58 in 2020, according to Our World in Data.
- What is the highest oil rents as a share of gdp recorded in Kuwait?
- The highest recorded value was 70.81 in 1974.
- What is the lowest oil rents as a share of gdp recorded in Kuwait?
- The lowest recorded value was 13.22 in 1991.
- How does Kuwait rank for oil rents as a share of gdp?
- Kuwait ranks 5th out of 199 countries with data for 2020.
- Is oil rents as a share of gdp rising or falling in Kuwait?
- Over the last ten years it is down 42.8%. The long-run trend across the full record is falling.
- Where does this Kuwait data come from?
- The figures come from Our World in Data, published as part of Oil rents as a share of gdp. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 50 observations, free to reuse under CC BY 4.0 (Our World in Data).