Oil rents (% of GDP) in Kuwait stood at 27.58% in 2020, according to World Bank. The latest value is down 11.07 percentage points from 38.66% in 2019. Ten years earlier, in 2010, the value was 48.19% (down 20.61 percentage points since). The highest value since 1970 was 70.81% in 1974, the lowest 13.22% in 1991. Kuwait had the highest value of the 195 countries in this dataset in 2020.
Data source: World Bank · Unit: % · Category: Commodities and Energy · Explore more indicators on EconDash
Oil rents (% of GDP), measured in %, measures the total economic output of Kuwait. It represents the broadest indicator of economic activity, capturing production, income, and expenditure across all sectors — from manufacturing and services to agriculture and government. GDP can be calculated three ways: by adding up all expenditures (consumption + investment + government spending + net exports), by summing all incomes earned, or by totaling value added at each production stage. In Kuwait, the statistical agency compiles GDP data through comprehensive surveys of businesses, government records, and household expenditure patterns. While GDP per capita provides insight into average living standards, it does not capture income distribution, environmental costs, or unpaid work like caregiving. Nevertheless, GDP growth remains the most widely followed metric for assessing whether an economy is expanding or contracting.
Oil rents (% of GDP) in Kuwait stood at 27.58% in 2020, according to World Bank.
The latest value is down 11.07 percentage points from 38.66% in 2019. Ten years earlier, in 2010, the value was 48.19% (down 20.61 percentage points since).
Kuwait had the highest value of the 195 countries in this dataset in 2020.
The highest value since 1970 was 70.81% in 1974, the lowest 13.22% in 1991.
| Indicator | Oil rents (% of GDP) |
|---|---|
| Country | Kuwait |
| Category | Commodities and Energy |
| Unit | % |
| Source | World Bank |
| Interactive chart | View on EconDash |
| API access | EconDash API documentation |
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World Bank. (2026). Oil rents (% of GDP) — Kuwait [Data set]. Retrieved November 13, 2026, from EconDash: https://econdash.org/chart/wdi-ny-gdp-petr-rt-zs/KWT. Original source: https://data.worldbank.org/indicator/NY.GDP.PETR.RT.ZS
World Bank. "Oil rents (% of GDP) — Kuwait." EconDash, 2026, https://econdash.org/chart/wdi-ny-gdp-petr-rt-zs/KWT. Accessed 13 Nov. 2026. Original source: https://data.worldbank.org/indicator/NY.GDP.PETR.RT.ZS.
World Bank. 2026. "Oil rents (% of GDP) — Kuwait." EconDash. Accessed November 13, 2026. https://econdash.org/chart/wdi-ny-gdp-petr-rt-zs/KWT. Original source: https://data.worldbank.org/indicator/NY.GDP.PETR.RT.ZS.
@misc{econdash_wdi_ny_gdp_petr_rt_zs_kwt,
author = {{World Bank}},
title = {{Oil rents (\% of GDP) --- Kuwait}},
howpublished = {EconDash},
year = {2026},
url = {https://econdash.org/chart/wdi-ny-gdp-petr-rt-zs/KWT},
note = {Accessed: 2026-11-13. Original source: https://data.worldbank.org/indicator/NY.GDP.PETR.RT.ZS}
}Browse indicators available for Kuwait. Click any indicator to view its interactive chart, compare with other countries, and download historical data.
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