Economy of Kuwait. Statistics, Data and Indicators
Kuwait
| 90AA | Credit rank #21 |
| N/A | Quality of life # |
| 85 | Corruption rank#71 |
| 83 | Ease of doing business#91 |
Kuwait Major Economic Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 140 USD Billion | 2019 |
| GDP Annual Growth Rate | 0.4 % | 3Q/19 |
| GDP Growth Rate | -0.7 % | 3Q/19 |
| GDP per capita | 33538 USD | 2018 |
| Inflation Rate YoY | 1.7 % | Feb/20 |
| Interest Rate | 1.5 % | Mar/20 |
| Unemployment Rate | 2.17 % | 2019 |
| Balance of Trade | 2244 KWD Million | 7.213 B USD | 3Q/19 |
| Current Account | 1325 KWD Million | 4.259 B USD | 3Q/19 |
| Foreign Exchange Reserves | -1072 KWD Million | -3.446 B USD | 2018 |
GDP
140
USD Billion
#61 from 174 countries
GDP per capita
33538
USD
#29 from 169 countries
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 140 USD Billion | 2019 |
| GDP Annual Growth Rate | 0.4 % | 3Q/19 |
| GDP Growth Rate | -0.7 % | 3Q/19 |
| GDP per capita | 33538 USD | 2018 |
| GDP Constant Prices | 9773 KWD Million | 31.414 B USD | 3Q/19 |
| GDP per capita PPP | 65515 USD | 2018 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 14.8 % | 2018 |
| Government Spending | 9624 KWD Million | 30.935 USD Billion | 2018 |
| Government Budget to GDP | 11.4 % | 2018 |
| Military Expenditure | 7211 USD Million | 7.211 B USD | 2018 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 114 index points | Feb/20 |
| Food Inflation | 2.79 % | Feb/20 |
| Gasoline Prices | 0.27 USD/Liter | Mar/20 |
| Inflation Rate YoY | 1.7 % | Feb/20 |
| Producer Prices | 138 index points | Sep/19 |
| Inflation Rate Mom | 0.1 % | Feb/20 |
| CPI Transportation | 121 Index Points | Feb/20 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | 12.7 % | 2018 |
| Balance of Trade | 2244 KWD Million | 7.213 USD Billion | 3Q/19 |
| Capital Flows | -7389 KWD Million | -23.751 B USD | 2018 |
| Current Account | 1325 KWD Million | 4.259 USD Billion | 3Q/19 |
| Exports | 4739 KWD Million | 15.233 USD Billion | 3Q/19 |
| Foreign Exchange Reserves | -1072 KWD Million | -3.446 USD Billion | 2018 |
| Imports | 2496 KWD Million | 8.023 USD Billion | 3Q/19 |
| Tourism Revenues | 936 USD Million | 0.936 B USD | 2018 |
| Tourist Arrivals | 7055 Thousand Persons | 7.055 Million Persons | 2016 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Bank Lending Rate | 4.82 % | 3Q/19 |
| Gold Reserves | 78.97 Tonnes | 4Q/19 |
| Interbank Rate | 1.56 % | Apr/20 |
| Interest Rate | 1.5 % | Mar/20 |
| Loans to Private Sector | 40486 KWD Million | 130.138 USD Billion | Jan/20 |
| Money Supply M1 | 10393 KWD Million | 33.407 USD Billion | Jan/20 |
| Money Supply M2 | 38057 KWD Million | 122.33 USD Billion | Jan/20 |
| Money Supply M3 | 38057 KWD Million | 122.33 USD Billion | Jan/20 |
| Central Bank Balance Sheet | 11801 KWD Million | 37.933 B USD | Jan/20 |
| Deposit Interest Rate | 1.7 % | 2018 |
| Foreign Direct Investment | 234 KWD Million | 0.752 B USD | 3Q/19 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Unemployment Rate | 2.17 % | 2019 |
| Labor Force Participation Rate | 74.8 % | 2018 |
Taxes
| Indicator | Data | Period |
|---|---|---|
| Corporate Tax Rate | 15 % | 2020 |
| Personal Income Tax Rate | 0 % | 2019 |
| Social Security Rate | 19.5 % | 2020 |
| Social Security Rate For Companies | 11.5 % | 2020 |
| Social Security Rate For Employees | 8 % | 2020 |
Production Indicators
| Indicator | Data | Period |
|---|---|---|
| Crude Oil Production | 2665 BBL/D/1K | Feb/20 |
Business Indicators
| Indicator | Data | Period |
|---|---|---|
| Corruption Index | 40 index points | 2019 |
| Corruption Rank | 85 place | 2019 |
| 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 | 53.497 B USD | 2018 |
Gold Reserves
78.97
Tonnes
#38 from 114 countries
Foreign Exchange Reserves
-3.446
USD Billion
#114 from
114 countries
Government Budget Value
N/A
N/A
#N/A from N/A countries
Inflation Rate
1.7
%
#102 from
174 countries
Interest Rate
1.5
%
#98 from
159 countries
Bank Lending Rate
4.82%
#24 from
55 countries
Unemployment Rate
2.17
%
#158 from
171 countries
Wages
N/A
N/A
#N/A from
N/A countries
