Economy of Kuwait. Statistics, Data and Indicators
Kuwait
| 90AA | Credit rank #21 |
| N/A | Quality of life # |
| 78 | Corruption rank#71 |
| 83 | Ease of doing business#91 |
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
135
USD Billion
#61 from 174 countries
GDP per capita
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
| 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 | 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
78.97
Tonnes
#38 from 114 countries
Foreign Exchange Reserves
2.656
USD Billion
#114 from
114 countries
Government Budget Value
N/A
N/A
#N/A from N/A countries
Inflation Rate
3.1
%
#102 from
174 countries
Interest Rate
1.5
%
#98 from
159 countries
Bank Lending Rate
3.92%
#24 from
55 countries
Unemployment Rate
2.3
%
#158 from
171 countries
Wages
N/A
N/A
#N/A from
N/A countries
