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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 136 USD Billion 2019
GDP Annual Growth Rate -11.2 % 4Q/20
GDP Growth Rate 4.7 % 4Q/20
GDP per capita 32702 USD 2019
Inflation Rate YoY 3.1 % Apr/21
Interest Rate 1.5 % Jun/21
Unemployment Rate 2.3 % 2020
Balance of Trade 838 KWD Million | 2.782 B USD 4Q/20
Current Account 2475 KWD Million | 8.217 B USD 3Q/20
Foreign Exchange Reserves 800 KWD Million | 2.656 B USD 2019


GDP
vvp
136
USD Billion
#61 from 174 countries
GDP per capita
vvp
32702
USD
#29 from 169 countries


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 32702 USD 2019
GDP Constant Prices 9011 KWD Million | 29.916 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 | 34.624 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 Jun/21
Inflation Rate YoY 3.1 % Apr/21
Producer Prices 139 index points Mar/21
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 838 KWD Million | 2.782 USD Billion 4Q/20
Capital Flows -7469 KWD Million | -24.797 B USD 2019
Current Account 2475 KWD Million | 8.217 USD Billion 3Q/20
Exports 3152 KWD Million | 10.464 USD Billion 4Q/20
Foreign Exchange Reserves 800 KWD Million | 2.656 USD Billion 2019
Imports 2314 KWD Million | 7.682 USD Billion 4Q/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 3.93 % 4Q/20
Gold Reserves 78.97 Tonnes 1Q/21
Interbank Rate 1.56 % Jul/21
Interest Rate 1.5 % Jun/21
Loans to Private Sector 42383 KWD Million | 140.709 USD Billion May/21
Money Supply M1 12826 KWD Million | 42.582 USD Billion May/21
Money Supply M2 38465 KWD Million | 127.702 USD Billion May/21
Money Supply M3 38465 KWD Million | 127.702 USD Billion May/21
Central Bank Balance Sheet 13222 KWD Million | 43.896 B USD May/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 2384 BBL/D/1K Jun/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 | 56.771 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
3.93%
#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