Economy of Kuwait. Statistics, Data and Indicators
Kuwait
| 90AA | Credit rank #21 |
| N/A | Quality of life # |
| 73 | Corruption rank#71 |
| 83 | Ease of doing business#91 |
Kuwait Major Economic Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 136 USD Billion | 2019 |
| GDP Annual Growth Rate | -11.2 % | 4Q/20 |
| GDP Growth Rate | 4.7 % | 4Q/20 |
| GDP per capita | 27156 USD | 2019 |
| Inflation Rate YoY | 4.71 % | Apr/22 |
| Interest Rate | 2.25 % | Jun/22 |
| Unemployment Rate | 2.3 % | 2020 |
| Balance of Trade | 3510 KWD Million | 11.43 B USD | 4Q/21 |
| Current Account | 1599 KWD Million | 5.207 B USD | 1Q/21 |
| Foreign Exchange Reserves | -2451 KWD Million | -7.982 B USD | 2020 |
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 136 USD Billion | 2019 |
| GDP Annual Growth Rate | -11.2 % | 4Q/20 |
| GDP Growth Rate | 4.7 % | 4Q/20 |
| GDP per capita | 27156 USD | 2019 |
| GDP Constant Prices | 9011 KWD Million | 29.344 B USD | 4Q/20 |
| GDP per capita PPP | 49854 USD | 2019 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 11.5 % | 2020 |
| Government Spending | 10429 KWD Million | 33.962 USD Billion | 2019 |
| Government Budget to GDP | -9.4 % | 2020 |
| Military Expenditure | 6940 USD Million | 6.94 B USD | 2020 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 125 index points | Apr/22 |
| Food Inflation | 9.13 % | Apr/22 |
| Gasoline Prices | 0.28 USD/Liter | May/22 |
| Inflation Rate YoY | 4.71 % | Apr/22 |
| Producer Prices | 142 index points | Mar/22 |
| Inflation Rate Mom | 0.16 % | Apr/22 |
| CPI Transportation | 137 Index Points | Apr/22 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | 0.8 % | 2020 |
| Balance of Trade | 3510 KWD Million | 11.43 USD Billion | 4Q/21 |
| Capital Flows | -5562 KWD Million | -18.113 B USD | 2020 |
| Current Account | 1599 KWD Million | 5.207 USD Billion | 1Q/21 |
| Exports | 6060 KWD Million | 19.734 USD Billion | 4Q/21 |
| Foreign Exchange Reserves | -2451 KWD Million | -7.982 USD Billion | 2020 |
| Imports | 2550 KWD Million | 8.304 USD Billion | 4Q/21 |
| Tourism Revenues | 1176 USD Million | 1.176 B USD | 2019 |
| Tourist Arrivals | 2161 Thousand Persons | 2.161 Million Persons | 2020 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Bank Lending Rate | 3.6 % | 1Q/22 |
| Gold Reserves | 78.97 Tonnes | 1Q/22 |
| Interbank Rate | 1.56 % | Jul/22 |
| Interest Rate | 2.25 % | Jun/22 |
| Loans to Private Sector | 46335 KWD Million | 150.889 USD Billion | Apr/22 |
| Money Supply M1 | 13434 KWD Million | 43.748 USD Billion | Apr/22 |
| Money Supply M2 | 41530 KWD Million | 135.242 USD Billion | Apr/22 |
| Money Supply M3 | 41530 KWD Million | 135.242 USD Billion | Apr/22 |
| Central Bank Balance Sheet | 12907 KWD Million | 42.031 B USD | Apr/22 |
| Deposit Interest Rate | 1.4 % | 2021 |
| Foreign Direct Investment | 3.1 KWD Million | 0.01 B USD | 1Q/21 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Unemployment Rate | 2.3 % | 2020 |
| Labor Force Participation Rate | 73.36 % | 2020 |
Taxes
| Indicator | Data | Period |
|---|---|---|
| Corporate Tax Rate | 15 % | 2021 |
| Personal Income Tax Rate | 0 % | 2021 |
| Social Security Rate | 22 % | 2021 |
| Social Security Rate For Companies | 11.5 % | 2021 |
| Social Security Rate For Employees | 10.5 % | 2021 |
Production Indicators
| Indicator | Data | Period |
|---|---|---|
| Crude Oil Production | 2639 BBL/D/1K | May/22 |
Business Indicators
| Indicator | Data | Period |
|---|---|---|
| Corruption Index | 43 index points | 2021 |
| Corruption Rank | 73 place | 2021 |
| 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 | 17100 KWD Million | 55.686 B USD | 2019 |
