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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 3.1 % Apr/21
Interest Rate 1.5 % Apr/21
Unemployment Rate 2.3 % 2020
Balance of Trade 1094 KWD Million | 3.632 B USD 3Q/20
Current Account 2475 KWD Million | 8.216 B USD 3Q/20
Foreign Exchange Reserves 800 KWD Million | 2.656 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 8622 KWD Million | 28.621 B USD 3Q/20
GDP per capita PPP 49846 USD 2019


Budget Indicators

Indicator Data Period
Government Debt to GDP 11.5 % 2020
Government Spending 10429 KWD Million | 34.619 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) 115 index points Apr/21
Food Inflation 10.75 % Apr/21
Gasoline Prices 0.28 USD/Liter May/21
Inflation Rate YoY 3.1 % Apr/21
Producer Prices 139 index points Dec/20
Inflation Rate Mom -0.17 % Apr/21
CPI Transportation 125 Index Points Apr/21


Trade Indicators

Indicator Data Period
Current Account to GDP 0.8 % 2020
Balance of Trade 1094 KWD Million | 3.632 USD Billion 3Q/20
Capital Flows -7469 KWD Million | -24.793 B USD 2019
Current Account 2475 KWD Million | 8.216 USD Billion 3Q/20
Exports 3131 KWD Million | 10.393 USD Billion 3Q/20
Foreign Exchange Reserves 800 KWD Million | 2.656 USD Billion 2019
Imports 2038 KWD Million | 6.765 USD Billion 3Q/20
Tourism Revenues  1176 USD Million | 1.176 B USD 2019
Tourist Arrivals 8565 Thousand Persons | 8.565 Million Persons 2019


Money Indicators

Indicator Data Period
Bank Lending Rate 3.92 % 3Q/20
Gold Reserves 78.97 Tonnes 1Q/21
Interbank Rate 1.56 % Jun/21
Interest Rate 1.5 % Apr/21
Loans to Private Sector 42445 KWD Million | 140.896 USD Billion Apr/21
Money Supply M1 12650 KWD Million | 41.992 USD Billion Apr/21
Money Supply M2 38278 KWD Million | 127.064 USD Billion Apr/21
Money Supply M3 38278 KWD Million | 127.064 USD Billion Apr/21
Central Bank Balance Sheet 12864 KWD Million | 42.702 B USD Apr/21
Deposit Interest Rate 1.9 % 2019
Foreign Direct Investment -116 KWD Million | -0.385 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 2355 BBL/D/1K May/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 17100 KWD Million | 56.763 B USD 2019


Gold Reserves
gold_reserve_icon
78.97
Tonnes
#38 from 114 countries
Foreign Exchange Reserves
gold_reserve_icon
2.656
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
3.1
%
#102 from 174 countries


Interest Rate
discount_rate_icon
1.5
%
#98 from 159 countries
Bank Lending Rate
credit_rate_icon
3.92%
#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