household debts in Kuwait

Gross debt in Kuwait

The government gross debt refers to the total of all sums of money that have to be paid to other countries, communities or institutions. Not included in the gross debt are the demands of a country to foreign ones.

The gross debt in Kuwait in the period from 1998 to 2020 was between 5.3 billion and 24.7 billion USD. The hightest level within the past 22 years was reached in 2017. However, the liabilities in 2020 have been only twelve billion USD

Based on the number of inhabitants, this is a debt of 2,845 USD per person. For comparison, the average debt per person in the same year in the European Union was 30,783 USD.

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Gross debt of the last 22 years in billion USD

YearKuwait totalKuwait per capitaEU per capita
199814.30 bn USD7,811 USD14,079 USD
199914.02 bn USD7,186 USD14,032 USD
200013.17 bn USD6,439 USD11,232 USD
200112.25 bn USD5,825 USD11,255 USD
200211.42 bn USD5,345 USD12,258 USD
200311.01 bn USD5,094 USD15,286 USD
200410.28 bn USD4,673 USD17,595 USD
20059.54 bn USD4,201 USD18,327 USD
20068.38 bn USD3,532 USD18,877 USD
20078.08 bn USD3,226 USD20,898 USD
20087.92 bn USD2,983 USD24,086 USD
20097.05 bn USD2,499 USD25,361 USD
20107.11 bn USD2,377 USD26,496 USD
20117.15 bn USD2,257 USD29,231 USD
20126.27 bn USD1,872 USD28,174 USD
20135.39 bn USD1,527 USD29,981 USD
20145.58 bn USD1,511 USD30,648 USD
20155.33 bn USD1,364 USD25,918 USD
201610.96 bn USD2,708 USD26,261 USD
201724.73 bn USD5,995 USD27,024 USD
201820.87 bn USD4,834 USD28,448 USD
201915.85 bn USD3,568 USD27,168 USD
202012.40 bn USD2,845 USD30,783 USD

Comparison of gross debt per capita with the European Union in U.S. dollars

      Kuwait       European Union

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