Latest: Colombia 15:00 Colombian Presidential Election Forecast: 0
Latest: Switzerland 12:00 SNB Gov Board Member Zurbrugg Speaks Forecast: 0
Latest: United Arab Emirates 16:05 GDP (YoY) Forecast: 0 % Actual: -6.1%
Latest: South Africa 16:00 SARB Monetary Policy Review Forecast: 0
Latest: United Kingdom 12:30 Annual Budget Release Forecast: 0

Economy of Kuwait. Statistics, Data and Indicators

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


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



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