Kuwait | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 2.20 2.6 2.6 2.6 2.6 3 percent [+]
Inflation Rate 3.29 2.8 2.9 3.3 3.4 4 percent [+]
Interest Rate 2.75 2.75 2.75 3 3.25 4 percent [+]
Balance of Trade 1693.00 2004 1740 1835 1752 1793 KWD Million [+]
Government Debt to GDP 11.20 14 14 14 14 15.5 percent [+]
MARKETS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Stock Market 7043.46 6670 6600 6540 6400 5390 points [+]
Currency 0.30 0.31 0.32 0.32 0.33 0.37 [+]
GDP Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Annual Growth Rate 1.80 1.4 1.4 1.4 1.4 3.3 percent [+]
GDP 114.04 141 127 114 99.89 119 USD Billion [+]
GDP Constant Prices 40033.20 41715 42207 42699 43190 57780 KWD Million [+]
Gross Fixed Capital Formation 8580.00 8122 8513 8904 9296 10654 KWD Million [+]
GDP per capita 35888.60 31482 31480 31480 31474 35475 USD [+]
GDP per capita PPP 70107.46 64761 64755 64755 64744 68345 USD [+]
LABOUR Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 2.20 2.6 2.6 2.6 2.6 3 percent [+]
Population 3.89 3.92 3.95 3.98 4.01 4.41 Million [+]
PRICES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Inflation Rate 3.29 2.8 2.9 3.3 3.4 4 percent [+]
Producer Prices 132.60 133 133 133 133 133 Index Points [+]
Inflation Rate Mom -0.07 0.92 0.84 0.78 0.72 0.38 percent [+]
Food Inflation 0.19 0.24 0.22 0.22 0.22 0.22 percent [+]
Consumer Price Index Cpi 144.30 145 146 147 148 159 Index Points [+]
Cpi Transportation 138.00 138 138 138 138 138 Index Points [+]
MONEY Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Interest Rate 2.75 2.75 2.75 3 3.25 4 percent [+]
Money Supply M1 9556.90 9583 9573 9572 9572 9573 KWD Million [+]
Money Supply M2 35335.00 36000 36000 35205 36400 40600 KWD Million [+]
Money Supply M3 35341.10 35268 35219 35218 35220 35220 KWD Million [+]
Deposit Interest Rate 2.00 2.3 2.26 2.22 2.19 2.22 percent [+]
Reverse Repo Rate 1.00 0.75 1.21 1.3 1.33 1.35 percent [+]
Interbank Rate 1.56 1.56 1.56 1.56 1.56 1.56 percent [+]
Loan Growth 2.70 6.9 6.9 2.17 7.1 4.8 percent [+]
Loans To Private Sector 36110.60 36291 36422 36563 36703 37974 KWD Million [+]
Foreign Exchange Reserves 826.00 20.13 -73.68 -168 -261 9.1 KWD million [+]
TRADE Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Balance of Trade 1693.00 2004 1740 1835 1752 1793 KWD Million [+]
Exports 4118.00 4243 4183 4151 4159 4165 KWD Million [+]
Imports 2424.00 2386 2404 2428 2450 2676 KWD Million [+]
Current Account 471.00 631 218 265 148 171 KWD Million [+]
Current Account to GDP 11.50 4 4 22.86 4 9.8 percent [+]
Capital Flows -2189.00 -9285 -7103 -4920 -2738 -14300 KWD Million [+]
Remittances 5325.00 4896 4960 5024 5088 5805 KWD Million [+]
Tourist Arrivals 6528.00 6257 6309 6360 6412 6213 Thousand [+]
Gold Reserves 78.96 78.98 78.98 78.98 78.98 78.98 Tonnes [+]
Crude Oil Production 2710.00 2711 2719 2717 2718 2718 BBL/D/1K [+]
Terrorism Index 4.45 1.1 1.26 1.43 1.59 0.19 [+]
Foreign Direct Investment 22.00 -39.69 -51.62 -51.52 -57.88 -73.47 KWD Million [+]
GOVERNMENT Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Government Debt to GDP 11.20 14 14 14 14 15.5 percent [+]
Government Budget 1.70 -3 -3 -3 -3 4 percent of GDP [+]
Government Budget Value -431.90 -7620 -7620 392 -985 102 KWD Million [+]
Government Spending 8427.10 8893 8862 8831 8800 9795 KWD Million [+]
Government Revenues 961.00 1850 1850 1140 1070 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 Q1/17 Q2/17 Q3/17 Q4/17 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 41.00 45 45 45 45 46 Points [+]
Corruption Rank 75.00 58.59 55.6 52.61 49.61 53 [+]
CONSUMER Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Consumer Spending 14179.00 13662 13773 13884 13995 15566 KWD Million [+]
Bank Lending Rate 4.47 4.46 4.46 4.46 4.45 4.45 percent [+]
Gasoline Prices 0.28 0.28 0.28 0.28 0.28 0.28 USD/Liter [+]
TAXES Actual Q1/17 Q2/17 Q3/17 Q4/17 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. 3/25/2017