Kuwait | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Unemployment Rate 2.20 2.5 2.6 2.6 2.6 3 percent [+]
Inflation Rate 3.62 3.5 3.3 3.5 3.7 4 percent [+]
Interest Rate 2.25 2.75 2.75 2.75 2.75 4 percent [+]
Balance of Trade 1222.30 1484 1554 1443 1505 1495 KWD Million [+]
Government Debt to GDP 7.10 11 14 14 14 15.5 percent [+]
MARKETS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Stock Market 5546.17 5460 5400 5350 5290 4410 points [+]
GDP Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
GDP Annual Growth Rate 1.80 -0.3 1.1 1.4 1.4 3.3 percent [+]
GDP 112.81 99.89 101 102 103 119 USD Billion [+]
GDP Constant Prices 40033.20 43190 44145 45100 46055 57780 KWD Million [+]
Gross Fixed Capital Formation 8580.00 9296 9354 9412 9470 10654 KWD Million [+]
GDP per capita 34355.69 32485 31482 31480 31480 35475 USD [+]
GDP per capita PPP 67113.00 65366 64761 64755 64755 68345 USD [+]
LABOUR Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Unemployment Rate 2.20 2.5 2.6 2.6 2.6 3 percent [+]
Population 3.89 4.01 4.04 4.06 4.09 4.41 Million [+]
PRICES Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Inflation Rate 3.62 3.5 3.3 3.5 3.7 4 percent [+]
Producer Prices 132.60 133 133 133 133 133 Index Points [+]
Inflation Rate Mom -0.07 0.83 0.75 0.68 0.62 0.32 percent [+]
Food Inflation 0.72 0.73 0.67 0.67 0.67 0.67 percent [+]
Consumer Price Index Cpi 143.20 144 145 146 147 159 Index Points [+]
Cpi Transportation 138.00 138 138 138 138 138 Index Points [+]
MONEY Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Interest Rate 2.25 2.75 2.75 2.75 2.75 4 percent [+]
Money Supply M1 9631.50 9505 9678 9852 10026 12449 KWD Million [+]
Money Supply M2 35659.20 35800 36000 36000 35680 40600 KWD Million [+]
Money Supply M3 35713.60 35694 35617 35542 35468 34589 KWD Million [+]
Deposit Interest Rate 2.00 2.19 2.22 2.25 2.28 2.22 percent [+]
Loan Growth 6.70 7.8 6.9 6.9 6.65 4.8 percent [+]
Loans To Private Sector 36619.00 37113 37616 38108 38583 43333 KWD Million [+]
Interbank Rate 1.56 1.56 1.56 1.56 1.56 1.56 percent [+]
Foreign Exchange Reserves 826.00 20.13 -73.68 -168 -261 9.1 KWD million [+]
TRADE Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Balance of Trade 1222.30 1484 1554 1443 1505 1495 KWD Million [+]
Exports 3573.50 4009 4055 3903 3973 3966 KWD Million [+]
Imports 2351.20 2411 2430 2454 2474 2729 KWD Million [+]
Current Account -53.00 2935 3287 3445 3268 1957 KWD Million [+]
Current Account to GDP 11.50 -0.5 4 4 22.67 9.8 percent [+]
Capital Flows -2189.00 -2738 -2816 -2894 -2972 -14300 KWD Million [+]
Remittances 5325.00 5088 5231 5374 5516 5805 KWD Million [+]
Tourist Arrivals 6528.00 6412 6393 6373 6354 6213 Thousand [+]
Gold Reserves 78.96 78.98 78.98 78.98 78.98 78.98 Tonnes [+]
Crude Oil Production 3000.00 3003 2999 3000 3000 3000 BBL/D/1K [+]
Terrorism Index 4.45 1.59 1.77 1.94 2.12 0.19 [+]
Foreign Direct Investment -2.00 -44.92 -39.69 -51.62 -51.52 -73.47 KWD Million [+]
GOVERNMENT Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Government Debt to GDP 7.10 11 14 14 14 15.5 percent [+]
Government Budget 26.59 7.2 8.3 8.3 29.77 13.5 percent of GDP [+]
Government Budget Value -431.90 -1200 -7620 -7620 392 102 KWD Million [+]
Government Spending 8427.10 8800 8869 8939 9009 9795 KWD Million [+]
Government Revenues 961.00 935 1850 1850 1140 1620 KWD Million [+]
Fiscal Expenditure 1392.90 1490 1490 1490 1490 1490 KWD Million [+]
Military Expenditure 5942.40 5839 6084 6329 6308 6229 USD Million [+]
BUSINESS Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Ease of Doing Business 98.00 101 101 101 101 101 [+]
Competitiveness Index 4.53 4.59 4.59 4.59 4.59 4.58 Points [+]
Competitiveness Rank 38.00 35.32 35.32 35.32 35.32 34.5 [+]
Corruption Index 49.00 47.49 47.24 46.99 46.74 46.03 Points [+]
Corruption Rank 55.00 49.61 49.91 50.2 50.5 53 [+]
CONSUMER Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Consumer Spending 14179.00 13995 13990 13985 13979 15566 KWD Million [+]
Bank Lending Rate 4.47 4.49 4.49 4.5 4.5 4.5 percent [+]
Gasoline Prices 0.28 0.26 0.29 0.29 0.29 0.3 USD/Liter [+]
TAXES Actual Q4/16 Q1/17 Q2/17 Q3/17 2020
Corporate Tax Rate 15.00 15 15 15 15 15 percent [+]
Personal Income Tax Rate 0.00 0 0 0 0 0 percent [+]
Social Security Rate 22.00 22 22 22 22 22 percent [+]
Social Security Rate For Companies 11.50 11.5 11.5 11.5 11.5 11.5 percent [+]
Social Security Rate For Employees 10.50 10.5 10.5 10.5 10.5 10.5 percent [+]





Economic Forecasts for Kuwait including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Kuwait economy. 12/5/2016