Latest: United Arab Emirates 16:05 GDP (YoY) Forecast: 0 % Actual: -6.1%
Latest: South Africa 16:00 SARB Monetary Policy Review Forecast: 0
Latest: United Kingdom 12:30 Annual Budget Release Forecast: 0
Latest: Japan 01:30 BoJ Board Member Suzuki Speaks Forecast: 0
Latest: United States 13:00 Jackson Hole Symposium Forecast: 0

Economy of Kuwait. Statistics, Data and Indicators

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


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



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