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Economy of Kuwait. Statistics, Data and Indicators

flag
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 135 USD Billion 2019
GDP Annual Growth Rate -1.1 % 4Q/19
GDP Growth Rate 2.6 % 4Q/19
GDP per capita 32697 USD 2019
Inflation Rate YoY 1.92 % Jul/20
Interest Rate 1.5 % Aug/20
Unemployment Rate 2.17 % 2019
Balance of Trade 1760 KWD Million | 5.741 B USD 1Q/20
Current Account 1325 KWD Million | 4.322 B USD 3Q/19
Foreign Exchange Reserves 800 KWD Million | 2.61 B USD 2019


GDP
vvp
135
USD Billion
#61 from 174 countries
GDP per capita
vvp
32697
USD
#29 from 169 countries


GDP Indicators

Indicator Data Period
GDP Value 135 USD Billion 2019
GDP Annual Growth Rate -1.1 % 4Q/19
GDP Growth Rate 2.6 % 4Q/19
GDP per capita 32697 USD 2019
GDP Constant Prices 9998 KWD Million | 32.612 B USD 4Q/19
GDP per capita PPP 49846 USD 2019


Budget Indicators

Indicator Data Period
Government Debt to GDP 14.8 % 2018
Government Spending 9624 KWD Million | 31.393 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) 117 index points Jul/20
Food Inflation 3.7 % Jul/20
Gasoline Prices 0.28 USD/Liter Aug/20
Inflation Rate YoY 1.92 % Jul/20
Producer Prices 138 index points Dec/19
Inflation Rate Mom 0.43 % Jul/20
CPI Transportation 126 Index Points Jul/20


Trade Indicators

Indicator Data Period
Current Account to GDP 8.9 % 2019
Balance of Trade 1760 KWD Million | 5.741 USD Billion 1Q/20
Capital Flows -7469 KWD Million | -24.363 B USD 2019
Current Account 1325 KWD Million | 4.322 USD Billion 3Q/19
Exports 4010 KWD Million | 13.08 USD Billion 1Q/20
Foreign Exchange Reserves 800 KWD Million | 2.61 USD Billion 2019
Imports 2250 KWD Million | 7.339 USD Billion 1Q/20
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 4.76 % 4Q/19
Gold Reserves 79 Tonnes 2Q/20
Interbank Rate 1.56 % Sep/20
Interest Rate 1.5 % Aug/20
Loans to Private Sector 41576 KWD Million | 135.617 USD Billion Jul/20
Money Supply M1 12768 KWD Million | 41.648 USD Billion Jul/20
Money Supply M2 39827 KWD Million | 129.912 USD Billion Jul/20
Money Supply M3 39827 KWD Million | 129.912 USD Billion Jul/20
Central Bank Balance Sheet 13220 KWD Million | 43.122 B USD Jul/20
Deposit Interest Rate 1.9 % 2019
Foreign Direct Investment 234 KWD Million | 0.763 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 2289 BBL/D/1K Aug/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 | 54.288 B USD 2018


Gold Reserves
gold_reserve_icon
79
Tonnes
#38 from 114 countries
Foreign Exchange Reserves
gold_reserve_icon
2.61
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
1.92
%
#102 from 174 countries


Interest Rate
discount_rate_icon
1.5
%
#98 from 159 countries
Bank Lending Rate
credit_rate_icon
4.76%
#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