Kuwait M2 Growth

1995 - 2025 | Monthly | % | CEIC Data

Key information about Kuwait M2 Growth

  • Kuwait Money Supply M2 increased 3.6 % YoY in Dec 2025, compared with a growth of 3.4 % in the previous month
  • Kuwait Money Supply M2 growth data is updated monthly, available from Jan 1995 to Dec 2025
  • The data reached an all-time high of 26.9 % in Jan 2008 and a record low of -9.5 % in Sep 2021

CEIC calculates M2 Growth Rate from monthly M2. The Central Bank of Kuwait provides M2 in local currency.


Further information about Kuwait M2 Growth

  • In the latest reports, Kuwait Foreign Exchange Reserves was measured at 35.6 USD bn in Nov 2025
  • The Foreign Exchange Reserves equaled 11.8 Months of Import in Jun 2025
  • Kuwait Domestic Credit reached 157.5 USD bn in Dec 2025, representing an increased of 17.5 % YoY
  • The country's Non Performing Loans Ratio stood at 1.6 % in Sep 2025, compared with the ratio of 1.6 % in the previous quarter
  • Household Debt of Kuwait reached 1.7 USD bn in Dec 2025, accounting for 0.9 % of the country's Nominal GDP

View Kuwait's M2 Growth from Jan 1995 to Dec 2025 in the chart:

Kuwait M2 Growth

What was Kuwait's M2 Growth in Dec 2025?

Kuwait Money Supply M2 increased 3.6 % YoY in Dec 2025, compared with a growth of 3.4 % in the previous month See the table below for more data.

Last Previous Min Max Unit Frequency Range
3.6 Dec 2025 3.4 Nov 2025 -9.5 Sep 2021 26.9 Jan 2008 % monthly Jan 1995 - Dec 2025

M2 Growth by Country Comparison

country/region Last Frequency Range
Albania (%) 13.5 Jan 2026 monthly Dec 1994 - Jan 2026
Algeria (%) 9.0 Dec 2024 monthly Jan 2002 - Dec 2024
Argentina (%) 36.9 Dec 2025 monthly Jan 1991 - Dec 2025
Armenia (%) 22.0 Dec 2025 monthly Jan 2003 - Dec 2025
Australia (%) 7.3 Jan 2026 monthly Mar 1966 - Jan 2026
Austria (%) 3.6 Jan 2026 monthly Sep 1998 - Jan 2026
Azerbaijan (%) 6.9 Oct 2025 monthly Dec 1996 - Oct 2025
Bahrain (%) 5.9 Jan 2026 monthly Dec 1975 - Jan 2026
Bangladesh (%) 9.5 Jan 2026 monthly Jun 1987 - Jan 2026
Belarus (%) 25.1 Dec 2025 monthly Dec 1990 - Dec 2025
Belgium (%) 2.8 Jan 2026 monthly Dec 1997 - Jan 2026
Bolivia (%) 17.6 Dec 2025 monthly Dec 1988 - Dec 2025
Bosnia and Herzegovina (%) 9.7 Jan 2026 monthly Aug 1998 - Jan 2026
Botswana (%) 0.8 Nov 2025 monthly Jan 2002 - Nov 2025
Brazil (%) 11.8 Jan 2026 monthly Jan 1971 - Jan 2026
Bulgaria (%) 6.6 Dec 2025 monthly Dec 1996 - Dec 2025
Cambodia (%) 12.2 Jan 2026 monthly Jan 1996 - Jan 2026
Canada (%) 4.7 Dec 2025 monthly Jan 1969 - Dec 2025
Chile (%) 3.9 Jan 2026 monthly Jan 1987 - Jan 2026
China (%) 9.0 Jan 2026 monthly Mar 1997 - Jan 2026
Colombia (%) 12.5 Jan 2026 monthly Dec 1980 - Jan 2026
Croatia (%) 6.6 Dec 2025 monthly Jun 1995 - Dec 2025
Cyprus (%) -5.2 2014 yearly 2006 - 2014
Czech Republic (%) 4.0 Jan 2026 monthly Jan 2003 - Jan 2026
Denmark (%) 2.7 Jan 2026 monthly Jan 1992 - Jan 2026
Ecuador (%) 13.9 Nov 2025 monthly Dec 2007 - Nov 2025
Egypt (%) 18.7 Jan 2026 monthly Jan 1997 - Jan 2026
Estonia (%) 3.5 Jan 2026 monthly Jan 2012 - Jan 2026
European Union (%) 4.0 Jan 2026 monthly Jan 1981 - Jan 2026
Finland (%) 4.8 Jan 2026 monthly Jan 1981 - Jan 2026
France (%) 1.0 Jan 2026 monthly Dec 1978 - Jan 2026
Georgia (%) 25.7 Jan 2026 monthly Oct 1996 - Jan 2026
Germany (%) 4.0 Jan 2026 monthly Jan 1970 - Jan 2026
Ghana (%) 30.3 Jun 2025 quarterly Mar 1991 - Jun 2025
Greece (%) 4.5 Jan 2026 monthly Jan 2002 - Jan 2026
Hong Kong SAR, China (%) 9.9 Jan 2026 monthly Dec 1981 - Jan 2026
Hungary (%) 6.6 Jan 2026 monthly Jan 1999 - Jan 2026
Iceland (%) 4.6 Jan 2026 monthly Sep 1987 - Jan 2026
India (%) 17.2 Dec 2025 monthly Mar 1995 - Dec 2025
Indonesia (%) 10.0 Jan 2026 monthly Feb 1969 - Jan 2026
Iran (%) 36.8 Sep 2025 monthly Dec 2000 - Sep 2025
Ireland (%) 5.4 Dec 2025 monthly Jan 2000 - Dec 2025
Israel (%) 6.0 Nov 2025 monthly Apr 1982 - Nov 2025
Italy (%) 2.5 Dec 2025 monthly Dec 1975 - Dec 2025
Ivory Coast (%) 22.8 Nov 2025 monthly Jan 2005 - Nov 2025
Japan (%) 1.6 Jan 2026 monthly Jan 1968 - Jan 2026
Jordan (%) 5.7 Jan 2026 monthly Jan 1991 - Jan 2026
Kazakhstan (%) 14.3 Jan 2026 monthly Dec 1994 - Jan 2026
Kenya (%) 10.7 Nov 2025 monthly Dec 1996 - Nov 2025
South Korea (%) 5.4 Dec 2025 monthly Jan 1971 - Dec 2025
Kosovo (%) 12.4 2024 yearly 2002 - 2024
Kuwait (%) 3.6 Dec 2025 monthly Jan 1995 - Dec 2025
Kyrgyzstan (%) 54.0 Dec 2025 monthly Jan 1995 - Dec 2025
Laos (%) 19.1 Dec 2025 quarterly Dec 2000 - Dec 2025
Latvia (%) 7.8 Jan 2026 monthly Jan 2015 - Jan 2026
Lebanon (%) 34.4 Nov 2025 monthly Dec 1980 - Nov 2025
Lithuania (%) 8.4 Jan 2026 monthly Dec 1994 - Jan 2026
Luxembourg (%) 5.6 Jan 2026 monthly Jan 2000 - Jan 2026
Macau SAR, China (%) 9.3 Jan 2026 monthly Jun 1985 - Jan 2026
North Macedonia (%) 11.6 Jan 2026 monthly Jan 2004 - Jan 2026
Malawi (%) 51.0 Sep 2025 monthly Jan 1976 - Sep 2025
Malaysia (%) 3.7 Jan 2026 monthly Dec 1970 - Jan 2026
Malta (%) 4.7 Jan 2026 monthly Jan 2009 - Jan 2026
Mauritius (%) 8.5 Dec 2025 monthly Jul 1977 - Dec 2025
Mexico (%) 7.2 Jan 2026 monthly Dec 1986 - Jan 2026
Moldova (%) 14.6 Dec 2025 monthly Jan 2001 - Dec 2025
Mongolia (%) 13.9 Jan 2026 monthly Dec 1997 - Jan 2026
Montenegro (%) 9.9 2024 yearly 2003 - 2024
Morocco (%) 11.6 Jan 2026 monthly Jan 1986 - Jan 2026
Mozambique (%) 11.9 Oct 2025 monthly Dec 2002 - Oct 2025
Myanmar (%) 25.0 Jun 2025 quarterly Dec 2002 - Jun 2025
Nepal (%) 14.2 Jan 2026 monthly Jan 2002 - Jan 2026
Netherlands (%) 3.5 Dec 2025 monthly Dec 1957 - Dec 2025
New Zealand (%) 3.5 Jan 2026 monthly Mar 1989 - Jan 2026
Nigeria (%) 11.0 Jan 2026 monthly Apr 1991 - Jan 2026
Norway (%) 6.5 Jan 2026 monthly Dec 1993 - Jan 2026
Oman (%) 4.3 Sep 2025 monthly Jan 2000 - Sep 2025
Pakistan (%) 17.1 Jan 2026 monthly Jan 1989 - Jan 2026
Palestinian Territory (%) 15.1 Jan 2026 monthly Jul 2003 - Jan 2026
Panama (%) 8.4 Nov 2025 monthly Dec 2003 - Nov 2025
Paraguay (%) 12.6 Jan 2026 monthly Dec 1989 - Jan 2026
Peru (%) 8.8 Jan 2026 monthly Jan 1993 - Jan 2026
Philippines (%) 7.5 Dec 2025 monthly Dec 1989 - Dec 2025
Poland (%) 9.8 Jan 2026 monthly Dec 1997 - Jan 2026
Portugal (%) 5.4 Jan 2026 monthly Dec 1980 - Jan 2026
Qatar (%) 3.5 Dec 2025 monthly Jan 1983 - Dec 2025
Romania (%) 6.9 Jan 2026 monthly Dec 2002 - Jan 2026
Russia (%) 9.7 Jan 2026 monthly Dec 1992 - Jan 2026
Saudi Arabia (%) 7.9 Jan 2026 monthly Jan 1994 - Jan 2026
Serbia (%) 7.2 Jan 2026 monthly Aug 2002 - Jan 2026
Singapore (%) 5.7 Jan 2026 monthly Mar 2005 - Jan 2026
Slovakia (%) 5.6 Jan 2026 monthly Dec 2001 - Jan 2026
Slovenia (%) 6.9 Jan 2026 monthly Jan 2008 - Jan 2026
South Africa (%) 6.9 Jan 2026 monthly Mar 1966 - Jan 2026
Spain (%) 5.2 Jan 2026 monthly Jan 1963 - Jan 2026
Sri Lanka (%) 11.6 Jan 2026 monthly Jan 1995 - Jan 2026
Sudan (%) 74.7 Dec 2025 monthly Dec 2004 - Dec 2025
Sweden (%) 4.7 Jan 2026 monthly Jan 1999 - Jan 2026
Switzerland (%) 16.2 Oct 2025 monthly Dec 1985 - Oct 2025

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Kuwait Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -2.1 2024 yearly 1988 - 2024
Consolidated Fiscal Balance (USD mn) -3,440.015 2024 yearly 1988 - 2024
Tax Revenue (USD mn) 128.142 Dec 2015 monthly Sep 2003 - Dec 2015
Tax Revenue: % of GDP (%) 1.2 2024 yearly 1986 - 2024
National Government Debt (USD mn) 6,701.5 Nov 2025 monthly Dec 1993 - Nov 2025
Government Debt: % of GDP (%) 3.3 Sep 2025 quarterly Dec 2010 - Sep 2025
Forecast: Government Expenditure (KWD bn) 29.719 2030 yearly 1985 - 2030
Forecast: Government Net Debt (KWD bn) 14.274 2030 yearly 1991 - 2030
Forecast: Government Revenue (KWD bn) 44.112 2030 yearly 1985 - 2030
Public Debt (KWD mn) 2,050.000 Nov 2025 monthly Dec 1993 - Nov 2025
Government Fiscal Balance: ytd (KWD mn) -1,561.505 Mar 2024 monthly Apr 2018 - Mar 2024
Government Revenue: ytd: Non Oil: Tax and Fees (KWD mn) 550.910 Mar 2024 monthly Apr 2018 - Mar 2024
Government Expenditure: ytd: Purchases of Non Financial Assets (KWD mn) 336.796 Sep 2024 monthly Apr 2018 - Sep 2024
Government Revenue: ytd: Non Oil (KWD mn) 2,116.770 Mar 2024 monthly Apr 2018 - Mar 2024
Government Revenue: ytd (KWD mn) 23,644.325 Mar 2024 monthly Apr 2018 - Mar 2024
Government Expenditure: ytd: Current (KWD mn) 9,630.195 Sep 2024 monthly Apr 2018 - Sep 2024
Government Expenditure: ytd (KWD mn) 9,966.991 Sep 2024 monthly Apr 2018 - Sep 2024
Government Revenue (KWD mn) 13,633.900 2016 yearly 1987 - 2016
Government Revenue: Tax (KWD mn) 486.000 2016 yearly 1987 - 2016
Government Expenditure: Current (KWD mn) 12,125.900 2016 yearly 1989 - 2016
Government Expenditure: Capital (KWD mn) 226.000 2016 yearly 1989 - 2016
Government Expenditure (KWD mn) 18,245.900 2016 yearly 1989 - 2016
Government Surplus/Deficit (KWD mn) -1,561.505 2024 yearly 1989 - 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 2.994 2028 yearly 1980 - 2028
Trade Balance (USD mn) 2,731.1 Sep 2025 monthly Jan 1993 - Sep 2025
Total Exports (USD mn) 5,933.5 Sep 2025 monthly Jan 1993 - Sep 2025
Total Exports Growth (%) 1.2 Sep 2025 monthly Jan 1994 - Sep 2025
Aluminum: Exports (USD th) 50,049.855 2024 yearly 1995 - 2024
Exports: Medicament (USD th) 347,503.397 2024 yearly 1995 - 2024
Exports: Medicinal and Pharmaceutical Product (USD th) 4,176.130 2024 yearly 1995 - 2024
Total Imports (USD mn) 3,202.3 Sep 2025 monthly Jan 1992 - Sep 2025
Total Imports Growth (%) 2.6 Sep 2025 monthly Jan 1993 - Sep 2025
Imports: Medicament (USD th) 1,308,449.500 2024 yearly 1995 - 2024
Imports: Medicinal and Pharmaceutical Product (USD th) 650,043.407 2024 yearly 1995 - 2024
Total Exports to USA (USD mn) 1.753 Nov 2025 monthly Sep 1991 - Nov 2025
Total Imports from USA (USD mn) 316.498 Sep 2025 monthly Jan 2017 - Sep 2025
Total Exports to China (USD mn) 77.687 Sep 2025 monthly Jan 2017 - Sep 2025
Total Imports from China (USD mn) 668.594 Sep 2025 monthly Jan 2017 - Sep 2025
Exports: FOB: Growth Rate: YoY (%) 0.945 Sep 2025 monthly Apr 2020 - Sep 2025
Trade Balance: Quarterly (KWD mn) 2,789.603 Dec 2018 quarterly Mar 1973 - Dec 2018
Exports: SITC: Other Manufactured Articles (KWD mn) 36.800 Sep 2018 quarterly Sep 2014 - Sep 2018
Exports: SITC: Food and Live Animals (KWD mn) 39.900 Sep 2018 quarterly Sep 2014 - Sep 2018
Export Value Index (2015=100) 116.639 2021 yearly 1980 - 2021
Import Value Index (2015=100) 102.988 2021 yearly 1980 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 3,480.1 Sep 2025 quarterly Mar 2012 - Sep 2025
Current Account Balance (USD mn) 8,835.6 Sep 2025 quarterly Mar 2012 - Sep 2025
Current Account Balance: % of GDP (%) 22.3 Sep 2025 quarterly Mar 2012 - Sep 2025
Foreign Direct Investment (USD mn) 175.0 Sep 2025 quarterly Mar 2012 - Sep 2025
Foreign Direct Investment: % of GDP (%) 0.4 Sep 2025 quarterly Mar 2012 - Sep 2025
Foreign Portfolio Investment (USD mn) 182.526 Sep 2025 quarterly Mar 2012 - Sep 2025
Foreign Portfolio Investment: % of GDP (%) 0.5 Sep 2025 quarterly Mar 2012 - Sep 2025
Foreign Portfolio Investment: Equity Securities (USD mn) 421.4 Sep 2025 quarterly Mar 2012 - Sep 2025
Foreign Portfolio Investment: Debt Securities (USD mn) -238.889 Sep 2025 quarterly Mar 2012 - Sep 2025
External Debt (USD mn) 74,413.4 Sep 2025 quarterly Mar 2018 - Sep 2025
External Debt: % of GDP (%) 41.3 2024 yearly 2014 - 2024
Forecast: Current Account Balance (USD bn) 36.449 2030 yearly 1980 - 2030
Net International Investment Position (USD mn) 116,734.177 2024 yearly 2001 - 2024
BoP: FA: Reserve Assets: Central Bank of Kuwait (CBK) (KWD mn) 448.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: FA: Portfolio Investment: Liabilities (KWD mn) 10.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: CA: Primary Income: Debit (KWD mn) 0.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: Capital Account: Debit (KWD mn) 5.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: FA: OT: Assets (KWD mn) -2,795.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: FA: OT: Liabilities (KWD mn) 1,389.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: CA: Debit (KWD mn) 0.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: CA: Secondary Income: Credit (KWD mn) 0.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: FA: Portfolio Investment: Assets (KWD mn) -1,260.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: Net Errors and Omissions (KWD mn) 493.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: FA: Financial Derivatives: Liabilities (KWD mn) 40.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: FA: Financial Derivatives: Assets (KWD mn) -36.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: FA: Portfolio Investment: Liabilities: Debt Instruments (KWD mn) 0.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: FA: Other Investments (OT) (KWD mn) -1,407.000 Sep 2018 quarterly Mar 2012 - Sep 2018
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.6 Sep 2025 quarterly Mar 2011 - Sep 2025
Household Debt: % of GDP (%) 1.0 Sep 2025 quarterly Dec 2010 - Sep 2025
Money Supply M1 (USD mn) 34,986.575 Dec 2025 monthly Jan 1994 - Dec 2025
Money Supply M2 (USD mn) 137,467.671 Oct 2025 monthly Jan 1994 - Oct 2025
M2 Growth (%) 3.6 Dec 2025 monthly Jan 1995 - Dec 2025
Foreign Exchange Reserves (USD mn) 35,195.1 Jan 2026 monthly Jan 1964 - Jan 2026
Foreign Exchange Reserves: % of GDP (%) 23.542 Sep 2025 quarterly Dec 2010 - Sep 2025
Foreign Exchange Reserves: Months of Import (NA) 10.9 Sep 2025 quarterly Mar 1973 - Sep 2025
Gold Reserves (USD mn) 103.798 Dec 2025 monthly Dec 1961 - Dec 2025
Total Deposits (USD mn) 193,069.631 Nov 2025 monthly Jan 1994 - Nov 2025
Total Deposits Growth (%) 9.9 Dec 2025 monthly Jan 1995 - Dec 2025
Domestic Credit (USD mn) 157,520.6 Dec 2025 monthly Jan 1994 - Dec 2025
Domestic Credit Growth (%) 17.5 Dec 2025 monthly Jan 1995 - Dec 2025
Household Debt (USD mn) 1,669.6 Dec 2025 monthly Jan 2002 - Dec 2025
Total Loans (USD mn) 174,134.685 Nov 2025 monthly Jan 1994 - Nov 2025
Total Loans Growth (%) 8.30 Oct 2025 monthly Jan 1995 - Oct 2025
Private Debt: % of Nominal GDP (%) 104.26 Sep 2025 quarterly Dec 2010 - Sep 2025
Monetary Survey: CBK and Local Banks: Money Supply M2 (KWD mn) 42,039.000 Nov 2025 monthly Jan 1994 - Nov 2025
Money Supply: M3: M2: M1: Currency in Circulation (KWD mn) 1,625.000 Dec 2025 monthly Jan 1994 - Dec 2025
Monetary Survey: CBK and Local Banks: Money Supply M2: M1 (KWD mn) 10,649.300 Nov 2025 monthly Jan 1994 - Nov 2025
Money Supply: M3 (KWD mn) 42,039.000 Nov 2025 monthly Jan 1994 - Nov 2025
Local Banks Time Deposits (KWD mn) 75,243.400 Nov 2025 monthly Jan 1994 - Nov 2025

More Indicators for Kuwait

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