Economy of Kuwait. Statistics, Data and Indicators
Kuwait
| 90AA | Credit rank #21 |
| N/A | Quality of life # |
| 77 | Corruption rank#71 |
| 83 | Ease of doing business#91 |
Kuwait Major Economic Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 185 USD Billion | 2022 |
| GDP Annual Growth Rate | 8.7 % | 4Q/22 |
| GDP Growth Rate | 4.7 % | 4Q/20 |
| GDP per capita | 26788 USD | 2022 |
| Inflation Rate YoY | 3.8 % | Aug/23 |
| Interest Rate | 4.25 % | Aug/23 |
| Unemployment Rate | 2.5 % | 2022 |
| Balance of Trade | 3638 KWD Million | 11.766 B USD | 1Q/23 |
| Current Account | 4183 KWD Million | 13.528 B USD | 1Q/23 |
| Foreign Exchange Reserves | 42555 KWD Million | 137.629 B USD | 2023 |
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 185 USD Billion | 2022 |
| GDP Annual Growth Rate | 8.7 % | 4Q/22 |
| GDP Growth Rate | 4.7 % | 4Q/20 |
| GDP per capita | 26788 USD | 2022 |
| GDP Constant Prices | 9011 KWD Million | 29.463 B USD | 4Q/20 |
| GDP per capita PPP | 49169 USD | 2022 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 2.9 % | 2022 |
| Government Spending | 10429 KWD Million | 33.729 USD Billion | 2019 |
| Government Budget to GDP | 11.6 % | 2022 |
| Military Expenditure | 8244 USD Million | 8.244 B USD | 2022 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 130 index points | Aug/23 |
| Food Inflation | 5.63 % | Aug/23 |
| Gasoline Prices | 0.27 USD/Liter | Sep/23 |
| Inflation Rate YoY | 3.8 % | Aug/23 |
| Producer Prices | 146 index points | Jun/23 |
| Inflation Rate Mom | 0.2 % | Aug/23 |
| CPI Transportation | 142 Index Points | Aug/23 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | 28.5 % | 2022 |
| Balance of Trade | 3638 KWD Million | 11.766 USD Billion | 1Q/23 |
| Capital Flows | -19826 KWD Million | -64.12 B USD | 2022 |
| Current Account | 4183 KWD Million | 13.528 USD Billion | 1Q/23 |
| Exports | 6604 KWD Million | 21.358 USD Billion | 1Q/23 |
| Foreign Exchange Reserves | 42555 KWD Million | 137.629 USD Billion | 2023 |
| Imports | 2966 KWD Million | 9.592 USD Billion | 1Q/23 |
| Tourism Revenues | 526 USD Million | 0.526 B USD | 2020 |
| Tourist Arrivals | 2161 Thousand Persons | 2.161 Million Persons | 2020 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Bank Lending Rate | 4.85 % | 2Q/23 |
| Gold Reserves | 78.97 Tonnes | 2Q/23 |
| Interbank Rate | 1.56 % | Oct/23 |
| Interest Rate | 4.25 % | Aug/23 |
| Loans to Private Sector | 44664 KWD Million | 144.45 USD Billion | Aug/23 |
| Money Supply M1 | 10724 KWD Million | 34.683 USD Billion | Aug/23 |
| Money Supply M2 | 39169 KWD Million | 126.679 USD Billion | Aug/23 |
| Money Supply M3 | 39169 KWD Million | 126.679 USD Billion | Aug/23 |
| Central Bank Balance Sheet | 13386 KWD Million | 43.292 B USD | Aug/23 |
| Deposit Interest Rate | 1.6 % | 2022 |
| Foreign Direct Investment | 284 KWD Million | 0.918 B USD | 1Q/23 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Unemployment Rate | 2.5 % | 2022 |
| Labor Force Participation Rate | 71.5 % | 2022 |
Taxes
| Indicator | Data | Period |
|---|---|---|
| Corporate Tax Rate | 15 % | 2023 |
| Personal Income Tax Rate | 0 % | 2023 |
| Social Security Rate | 19.5 % | 2023 |
| Social Security Rate For Companies | 11.5 % | 2023 |
| Social Security Rate For Employees | 8 % | 2023 |
Production Indicators
| Indicator | Data | Period |
|---|---|---|
| Crude Oil Production | 2548 BBL/D/1K | Aug/23 |
Business Indicators
| Indicator | Data | Period |
|---|---|---|
| Corruption Index | 42 index points | 2022 |
| Corruption Rank | 77 place | 2022 |
| 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 | 55.304 B USD | 2019 |
