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Economy of Kuwait. Statistics, Data and Indicators

flag
Kuwait
90AA Credit rank #21
N/A Quality of life #
78 Corruption rank#71
83 Ease of doing business#91
Kuwait


Kuwait Major Economic Indicators

Indicator Data Period
GDP Value 135 USD Billion 2019
GDP Annual Growth Rate -8 % 1Q/20
GDP Growth Rate -2.5 % 1Q/20
GDP per capita 32697 USD 2019
Inflation Rate YoY 2.95 % Jan/21
Interest Rate 1.5 % Dec/20
Unemployment Rate 2.3 % 2020
Balance of Trade 1094 KWD Million | 3.605 B USD 3Q/20
Current Account 433 KWD Million | 1.427 B USD 1Q/20
Foreign Exchange Reserves 800 KWD Million | 2.636 B USD 2019


GDP
vvp
135
USD Billion
#61 from 174 countries
GDP per capita
vvp
32697
USD
#29 from 169 countries


GDP Indicators

Indicator Data Period
GDP Value 135 USD Billion 2019
GDP Annual Growth Rate -8 % 1Q/20
GDP Growth Rate -2.5 % 1Q/20
GDP per capita 32697 USD 2019
GDP Constant Prices 9746 KWD Million | 32.114 B USD 1Q/20
GDP per capita PPP 49846 USD 2019


Budget Indicators

Indicator Data Period
Government Debt to GDP 11.8 % 2019
Government Spending 9624 KWD Million | 31.712 USD Billion 2018
Government Budget to GDP 4.7 % 2019
Military Expenditure 7211 USD Million | 7.211 B USD 2018


Inflation Indicators

Indicator Data Period
Consumer Price Index (CPI) 119 index points Jan/21
Food Inflation 9.81 % Dec/20
Gasoline Prices 0.28 USD/Liter Feb/21
Inflation Rate YoY 2.95 % Jan/21
Producer Prices 138 index points Jun/20
Inflation Rate Mom 0.1 % Jan/21
CPI Transportation 130 Index Points Jan/21


Trade Indicators

Indicator Data Period
Current Account to GDP 8.9 % 2019
Balance of Trade 1094 KWD Million | 3.605 USD Billion 3Q/20
Capital Flows -7469 KWD Million | -24.611 B USD 2019
Current Account 433 KWD Million | 1.427 USD Billion 1Q/20
Exports 3131 KWD Million | 10.317 USD Billion 3Q/20
Foreign Exchange Reserves 800 KWD Million | 2.636 USD Billion 2019
Imports 2038 KWD Million | 6.715 USD Billion 3Q/20
Tourism Revenues  1176 USD Million | 1.176 B USD 2019
Tourist Arrivals 8508 Thousand Persons | 8.508 Million Persons 2018


Money Indicators

Indicator Data Period
Bank Lending Rate 4.04 % 2Q/20
Gold Reserves 78.97 Tonnes 4Q/20
Interbank Rate 1.56 % Mar/21
Interest Rate 1.5 % Dec/20
Loans to Private Sector 41806 KWD Million | 137.755 USD Billion Dec/20
Money Supply M1 12774 KWD Million | 42.092 USD Billion Dec/20
Money Supply M2 39567 KWD Million | 130.378 USD Billion Dec/20
Money Supply M3 39567 KWD Million | 130.378 USD Billion Dec/20
Central Bank Balance Sheet 13966 KWD Million | 46.02 B USD Dec/20
Deposit Interest Rate 1.9 % 2019
Foreign Direct Investment -116 KWD Million | -0.382 B USD 1Q/20


Labor Indicators

Indicator Data Period
Unemployment Rate 2.3 % 2020
Labor Force Participation Rate 73.36 % 2020


Taxes



Production Indicators

Indicator Data Period
Crude Oil Production 2325 BBL/D/1K Jan/21


Business Indicators

Indicator Data Period
Corruption Index 42 index points 2020
Corruption Rank 78 place 2020
Ease of Doing Business 83 place 2019
Competitiveness Index 65.1 Index Points 2019
Competitiveness Rank 46 2019


Consumer Indicators

Indicator Data Period
Consumer Spending 16643 KWD Million | 54.841 B USD 2018


Gold Reserves
gold_reserve_icon
78.97
Tonnes
#38 from 114 countries
Foreign Exchange Reserves
gold_reserve_icon
2.636
USD Billion
#114 from 114 countries


Government Budget Value
balance_icon
N/A
N/A
#N/A from N/A countries
Inflation Rate
inflation_icon
2.95
%
#102 from 174 countries


Interest Rate
discount_rate_icon
1.5
%
#98 from 159 countries
Bank Lending Rate
credit_rate_icon
4.04%
#24 from 55 countries


Unemployment Rate
unemployment_icon
2.3
%
#158 from 171 countries
Wages
salary_icon
N/A
N/A
#N/A from N/A countries