Oil rents in Kuwait
Kuwait: Oil rents was 27.6% in 2020. ▼ Falling
Oil rents in Kuwait, 1970–2020
Source: The Changing Wealth of Nations, World Bank (WB). Measured in % of GDP.
Analysis
The most recent figure for oil rents in Kuwait is 27.6%, measured in 2020.
That represents a change of down 28.6% on the previous year and down 42.8% over ten years.
Over the whole period, oil rents in Kuwait peaked at 70.8% in 1974 and was at its lowest, 13.2%, in 1991.
Kuwait ranks 5th of 200 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 in Kuwait, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 34.9% | — |
| 1971 | 36.7% | +5.3% |
| 1972 | 42.0% | +14.3% |
| 1973 | 47.7% | +13.5% |
| 1974 | 70.8% | +48.5% |
| 1975 | 62.1% | -12.3% |
| 1976 | 63.8% | +2.7% |
| 1977 | 58.7% | -7.9% |
| 1978 | 59.3% | +0.9% |
| 1980 | 67.0% | +13.2% |
| 1981 | 46.2% | -31.0% |
| 1982 | 32.5% | -29.7% |
| 1983 | 42.1% | +29.6% |
| 1984 | 43.9% | +4.1% |
| 1985 | 34.9% | -20.5% |
| 1986 | 26.0% | -25.6% |
| 1987 | 23.6% | -9.0% |
| 1988 | 26.1% | +10.7% |
| 1989 | 33.6% | +28.4% |
| 1990 | 38.9% | +15.8% |
| 1991 | 13.2% | -66.0% |
| 1992 | 28.1% | +112.9% |
| 1993 | 39.4% | +39.9% |
| 1994 | 36.6% | -7.0% |
| 1995 | 36.2% | -1.0% |
| 1996 | 40.1% | +10.8% |
| 1997 | 38.4% | -4.3% |
| 1998 | 27.9% | -27.3% |
| 1999 | 33.9% | +21.3% |
| 2000 | 50.3% | +48.4% |
| 2001 | 42.8% | -14.9% |
| 2002 | 37.2% | -13.1% |
| 2003 | 39.8% | +7.0% |
| 2004 | 46.1% | +15.8% |
| 2005 | 53.3% | +15.6% |
| 2006 | 51.0% | -4.3% |
| 2007 | 48.2% | -5.7% |
| 2008 | 52.9% | +9.8% |
| 2009 | 38.9% | -26.5% |
| 2010 | 48.2% | +24.0% |
| 2011 | 58.4% | +21.1% |
| 2012 | 57.4% | -1.6% |
| 2013 | 55.6% | -3.2% |
| 2014 | 53.2% | -4.2% |
| 2015 | 36.4% | -31.5% |
| 2016 | 31.7% | -13.1% |
| 2017 | 36.0% | +13.7% |
| 2018 | 44.0% | +22.3% |
| 2019 | 38.7% | -12.2% |
| 2020 | 27.6% | -28.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 52.9% | 34.9% | 70.8% | 9 |
| 1980s | 37.6% | 23.6% | 67.0% | 10 |
| 1990s | 33.3% | 13.2% | 40.1% | 10 |
| 2000s | 46.0% | 37.2% | 53.3% | 10 |
| 2010s | 46.0% | 31.7% | 58.4% | 10 |
| 2020s | 27.6% | 27.6% | 27.6% | 1 |
Countries ranked near Kuwait
More energy & mining data for Kuwait
- Fossil fuel consumption by fuel, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Primary energy use, annual growth rate 1.04 % change on previous year (2025)
- Coal consumption, per capita 0 terawatt-hours per person (2025)
- Coal consumption, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Primary energy use, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Primary energy use, per capita 0.0001 terawatt-hours per person (2025)
- Coal production, per capita 0 terawatt-hours per person (2024)
- Coal production, per unit of GDP 0 terawatt-hours per US$ of GDP (2024)
- Fossil fuel consumption by fuel, per capita 0.0001 terawatt-hours per person (2025)
- Fuel imports 0.6% (2024)
Frequently asked questions
- What is oil rents in Kuwait?
- Oil rents in Kuwait was 27.6% in 2020, according to The Changing Wealth of Nations, World Bank (WB).
- What is the highest oil rents recorded in Kuwait?
- The highest recorded value was 70.8% in 1974.
- What is the lowest oil rents recorded in Kuwait?
- The lowest recorded value was 13.2% in 1991.
- How does Kuwait rank for oil rents?
- Kuwait ranks 5th out of 200 countries with data for 2020.
- Is oil rents 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 The Changing Wealth of Nations, World Bank (WB), published as part of Oil rents (% 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 (World Bank Open Data).
About this data
Oil rents are the difference between the value of crude oil production at regional prices and total costs of production.