Oil Production in Kuwait
In the year 2024, the oil production in Kuwait was KWD 2.42 million, compared to KWD 2.77 million in 2014 and KWD 2.59 million in 2023. It averaged KWD 2.64 million over the last decade.
Kuwait Oil Chart
Note: This chart displays Oil Production (mn barrels per day, aop) for Kuwait from 2024 to 2023.
Source: Macrobond.
Kuwait Oil Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Oil Production (mn barrels per day, aop) | 2.69 | 2.44 | 2.41 | 2.70 | 2.59 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Kuwaiti oil projections for the next ten years from a panel of 4 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable oil forecast available for Kuwaiti oil.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Kuwaiti oil projections.
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