Real Effective Exchange Rate in Kuwait
Kuwait: Real Effective Exchange Rate was 120.75 in 2024. ▲ Rising
Real Effective Exchange Rate in Kuwait, 1994–2024
Source: World Bank staff calculations based on Datastream and IMF International Finance Statistics data.
Analysis
Kuwait recorded 120.75 for real effective exchange rate in 2024. That is the highest value across all 31 years on record.
The figure is up 1.9% on the previous year and up 13.2% over ten years.
Over the whole period, real effective exchange rate in Kuwait peaked at 120.75 in 2024 and was at its lowest, 85.03, in 1995.
Kuwait ranks 15th of 107 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 31 years of available data.
Real Effective Exchange Rate in Kuwait, year by year
| Year | Value | Change |
|---|---|---|
| 1994 | 90.23 | — |
| 1995 | 85.03 | -5.8% |
| 1996 | 87.92 | +3.4% |
| 1997 | 91.56 | +4.1% |
| 1998 | 95.45 | +4.2% |
| 1999 | 95.67 | +0.2% |
| 2000 | 99.17 | +3.7% |
| 2001 | 104.04 | +4.9% |
| 2002 | 102.35 | -1.6% |
| 2003 | 95.31 | -6.9% |
| 2004 | 90.78 | -4.8% |
| 2005 | 92.66 | +2.1% |
| 2006 | 93.41 | +0.8% |
| 2007 | 93.18 | -0.3% |
| 2008 | 100.55 | +7.9% |
| 2009 | 100.03 | -0.5% |
| 2010 | 99.98 | -0.1% |
| 2011 | 100.56 | +0.6% |
| 2012 | 104.04 | +3.5% |
| 2013 | 104.46 | +0.4% |
| 2014 | 106.7 | +2.1% |
| 2015 | 112.32 | +5.3% |
| 2016 | 116.01 | +3.3% |
| 2017 | 116.58 | +0.5% |
| 2018 | 113.26 | -2.8% |
| 2019 | 115.36 | +1.9% |
| 2020 | 114.42 | -0.8% |
| 2021 | 113.26 | -1.0% |
| 2022 | 117.06 | +3.4% |
| 2023 | 118.45 | +1.2% |
| 2024 | 120.75 | +1.9% |
Kuwait compared with similar countries
- Kuwait's 120.75 is above the median for high income countries, which is 101.37, 1.2× the median. (50 countries reporting)
- Kuwait's 120.75 is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 98.03, 1.2× the median. (11 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 90.98 | 85.03 | 95.67 | 6 |
| 2000s | 97.15 | 90.78 | 104.04 | 10 |
| 2010s | 108.93 | 99.98 | 116.58 | 10 |
| 2020s | 116.79 | 113.26 | 120.75 | 5 |
Countries ranked near Kuwait
More reference data data for Kuwait
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.092 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.2888 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 0.385 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.001 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 0.385 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.3086 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.1086 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 1.53 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 1.96 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.0052 (2050)
Frequently asked questions
- What is real effective exchange rate in Kuwait?
- Real effective exchange rate in Kuwait was 120.75 in 2024, according to World Bank staff calculations based on Datastream and IMF International Finance Statistics data.
- What is the highest real effective exchange rate recorded in Kuwait?
- The highest recorded value was 120.75 in 2024.
- What is the lowest real effective exchange rate recorded in Kuwait?
- The lowest recorded value was 85.03 in 1995.
- How does Kuwait rank for real effective exchange rate?
- Kuwait ranks 15th out of 107 countries with data for 2024.
- Is real effective exchange rate rising or falling in Kuwait?
- Over the last ten years it is up 13.2%. The long-run trend across the full record is rising.
- Where does this Kuwait data come from?
- The figures come from World Bank staff calculations based on Datastream and IMF International Finance Statistics data, published as part of Real Effective Exchange Rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 31 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Real effective exchange rate is the nominal effective exchange rate (a measure of the value of a currency against a weighted average of several foreign currencies) divided by a price deflator or index of costs.