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Economy of Kuwait. Statistics, Data and Indicators

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


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
vvp
140
USD Billion
#61 from 174 countries
GDP per capita
vvp
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



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
gold_reserve_icon
78.97
Tonnes
#38 from 114 countries
Foreign Exchange Reserves
gold_reserve_icon
-3.446
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
1.7
%
#102 from 174 countries


Interest Rate
discount_rate_icon
1.5
%
#98 from 159 countries
Bank Lending Rate
credit_rate_icon
4.82%
#24 from 55 countries


Unemployment Rate
unemployment_icon
2.17
%
#158 from 171 countries
Wages
salary_icon
N/A
N/A
#N/A from N/A countries