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 | 106 USD Billion | 2020 |
| GDP Annual Growth Rate | 1.3 % | 4Q/21 |
| GDP Growth Rate | 4.7 % | 4Q/20 |
| GDP per capita | 23926 USD | 2020 |
| Inflation Rate YoY | 3.15 % | Dec/22 |
| Interest Rate | 4 % | Jan/23 |
| Unemployment Rate | 3.7 % | 2021 |
| Balance of Trade | 3507 KWD Million | 11.495 B USD | 4Q/21 |
| Current Account | 3959 KWD Million | 12.976 B USD | 1Q/22 |
| Foreign Exchange Reserves | 42882 KWD Million | 140.551 B USD | 2022 |
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 106 USD Billion | 2020 |
| GDP Annual Growth Rate | 1.3 % | 4Q/21 |
| GDP Growth Rate | 4.7 % | 4Q/20 |
| GDP per capita | 23926 USD | 2020 |
| GDP Constant Prices | 9011 KWD Million | 29.535 B USD | 4Q/20 |
| GDP per capita PPP | 43923 USD | 2020 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 7.1 % | 2022 |
| Government Spending | 10429 KWD Million | 34.182 USD Billion | 2019 |
| Government Budget to GDP | -0.5 % | 2021 |
| Military Expenditure | 9024 USD Million | 9.024 B USD | 2021 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 128 index points | Dec/22 |
| Food Inflation | 7.48 % | Dec/22 |
| Gasoline Prices | 0.28 USD/Liter | Jan/23 |
| Inflation Rate YoY | 3.15 % | Dec/22 |
| Producer Prices | 144 index points | Sep/22 |
| Inflation Rate Mom | 0.71 % | Dec/22 |
| CPI Transportation | 140 Index Points | Dec/22 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | 16.1 % | 2021 |
| Balance of Trade | 3507 KWD Million | 11.495 USD Billion | 4Q/21 |
| Capital Flows | -12091 KWD Million | -39.63 B USD | 2021 |
| Current Account | 3959 KWD Million | 12.976 USD Billion | 1Q/22 |
| Exports | 6060 KWD Million | 19.862 USD Billion | 4Q/21 |
| Foreign Exchange Reserves | 42882 KWD Million | 140.551 USD Billion | 2022 |
| Imports | 2553 KWD Million | 8.368 USD Billion | 4Q/21 |
| Tourism Revenues | 524 USD Million | 0.524 B USD | 2020 |
| Tourist Arrivals | 2161 Thousand Persons | 2.161 Million Persons | 2020 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Bank Lending Rate | 4.02 % | 3Q/22 |
| Gold Reserves | 78.97 Tonnes | 3Q/22 |
| Interbank Rate | 1.56 % | Feb/23 |
| Interest Rate | 4 % | Jan/23 |
| Loans to Private Sector | 44109 KWD Million | 144.572 USD Billion | Dec/22 |
| Money Supply M1 | 11560 KWD Million | 37.889 USD Billion | Dec/22 |
| Money Supply M2 | 38430 KWD Million | 125.959 USD Billion | Dec/22 |
| Money Supply M3 | 38430 KWD Million | 125.959 USD Billion | Dec/22 |
| Central Bank Balance Sheet | 13479 KWD Million | 44.179 B USD | Dec/22 |
| Deposit Interest Rate | 1.4 % | 2021 |
| Foreign Direct Investment | 19.8 KWD Million | 0.065 B USD | 1Q/22 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Unemployment Rate | 3.7 % | 2021 |
| Labor Force Participation Rate | 73.36 % | 2020 |
Taxes
| Indicator | Data | Period |
|---|---|---|
| Corporate Tax Rate | 15 % | 2022 |
| Personal Income Tax Rate | 0 % | 2022 |
| Social Security Rate | 19.5 % | 2022 |
| Social Security Rate For Companies | 11.5 % | 2022 |
| Social Security Rate For Employees | 8 % | 2022 |
Production Indicators
| Indicator | Data | Period |
|---|---|---|
| Crude Oil Production | 2676 BBL/D/1K | Dec/22 |
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 | 56.047 B USD | 2019 |
