Kuwait Credit to GDP
Domestic credit to private sector as % of GDP FS.AST.PRVT.GD.ZS
Kuwait's credit to gdp was 91.96% in 2019, ranked 146th globally. This represents a 1.5% increase from 2018. Data from World Bank, covering 1962–2019.
Overview
Kuwait's credit to gdp stood at 91.96% in 2019, a rise of +1.33% from 2018. Kuwait ranked 146th globally.
Kuwait’s credit‑to‑GDP ratio has risen dramatically since the earliest World Bank observation in 1962, when it stood at just 6.37, to a peak of 105.19 in 2016, before easing to 91.96 in 2019, a level that placed the country 146th globally. The steep ascent reflects the expansion of the financial sector and sovereign borrowing linked to oil‑related infrastructure projects, while the modest post‑peak decline coincides with fiscal consolidation efforts after the 2014‑16 oil‑price slump. Compared with peers of similar rank, Portugal recorded a slightly higher ratio of 93.36 in 2019 and Iceland 87.71, illustrating that Kuwait’s credit intensity is now comparable to diversified European economies despite its smaller, resource‑dependent base. The 57‑year coverage shows a long‑term upward trajectory, but future movements will depend on the sustainability of public debt management and the diversification of non‑oil revenue streams, which could either stabilize or further elevate the ratio.
Data & projection
| Year | Credit to GDP | YoY change | Rank |
|---|---|---|---|
| 2019 | 91.96% | +1.33% | #146 |
| 2018 | 90.63% | −8.07% | #145 |
| 2017 | 98.70% | −6.49% | #148 |
| 2016 | 105.19% | +6.68% | #154 |
| 2015 | 98.51% | +30.87% | #151 |
| 2014 | 67.64% | +7.89% | #131 |
| 2013 | 59.75% | +4.01% | #117 |
| 2012 | 55.74% | −5.06% | #114 |
| 2011 | 60.81% | −13.83% | #121 |
| 2010 | 74.64% | −4.43% | #127 |
| 2009 | 79.07% | +21.81% | #127 |
| 2008 | 57.26% | −2.31% | #109 |
| 2007 | 59.58% | +9.63% | #111 |
| 2006 | 49.95% | −0.98% | #106 |
| 2005 | 50.93% | −5.43% | #102 |
Detected Pattern
Analysis
Kuwait matched the Export Boom Cycle pattern in 2012. Historically, 71% of countries showing this pattern (546 out of 768) saw credit to gdp improve within 24 months. View full analysis →
Frequently Asked Questions
Kuwait's credit to gdp was 91.96% in 2019. Ranked 146th globally. This represents a 1.5% increase from the previous year.
Kuwait's credit to gdp peaked at 105.19% in 2016.
The lowest credit to gdp in Kuwait was 6.37% in 1962.
Kuwait ranks 146th globally in credit to gdp as of 2019.
The World Bank indicator code is FS.AST.PRVT.GD.ZS. Data sourced from World Bank.
The credit to gdp of Kuwait in 2019 was 91.96%. This ranks 146th in the world.
Cite this page
@misc{historysaid_kuwait_credit-to-gdp,
title = {Kuwait Credit to GDP},
url = {https://historysaid.com/kuwait/credit-to-gdp/},
publisher = {HistorySaid},
year = {2026}
}