Kuwait | Economic Forecasts | 2017-2020 Outlook

This page has 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.


Overview Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Unemployment Rate 2.20 2.6 2.6 2.6 2.7 3 percent [+]
Inflation Rate 2.63 2.9 3.3 3.4 4.6 4 percent [+]
Interest Rate 2.75 2.75 3 3.25 3.25 4 percent [+]
Balance of Trade 1693.00 1740 1835 1752 1811 1793 KWD Million [+]
Government Debt to GDP 11.20 14 14 14 6.1 15.5 percent [+]
MARKETS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Stock Market 6854.27 6930 6860 6650 6720 5600 points [+]
Currency 0.30 0.31 0.32 0.33 0.32 0.37 [+]
GDP Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Annual Growth Rate 1.80 1.4 1.4 1.4 2.2 3.3 percent [+]
GDP 114.04 128 115 102 103 120 USD Billion [+]
GDP Constant Prices 40033.20 41670 41828 41986 42423 48071 KWD Million [+]
Gross Fixed Capital Formation 8580.00 8427 8731 9035 9054 9355 KWD Million [+]
GDP per capita 35888.60 31480 31480 31474 36287 35475 USD [+]
GDP per capita PPP 70107.46 64755 64755 64744 70886 68345 USD [+]
LABOUR Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Unemployment Rate 2.20 2.6 2.6 2.6 2.7 3 percent [+]
Population 3.89 3.95 3.98 4.01 4.04 4.41 Million [+]
PRICES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Inflation Rate 2.63 2.9 3.3 3.4 4.6 4 percent [+]
Producer Prices 132.60 133 133 133 133 133 Index Points [+]
Inflation Rate Mom 0.14 0.21 0.23 0.23 0.24 0.27 percent [+]
Food Inflation -0.13 -0.1 -0.11 -0.11 -0.11 -0.11 percent [+]
Consumer Price Index Cpi 144.40 145 146 147 148 156 Index Points [+]
Cpi Transportation 138.20 138 138 138 138 138 Index Points [+]
MONEY Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Interest Rate 2.75 2.75 3 3.25 3.25 4 percent [+]
Money Supply M1 9632.50 9619 9618 9618 9619 9619 KWD Million [+]
Money Supply M2 35568.10 36000 35564 36400 35565 40600 KWD Million [+]
Money Supply M3 35578.80 35574 35580 35581 35581 35581 KWD Million [+]
Deposit Interest Rate 1.60 1.91 1.78 1.65 1.7 1.94 percent [+]
Reverse Repo Rate 1.00 1.21 1.3 1.33 1.34 1.35 percent [+]
Interbank Rate 1.56 1.56 1.56 1.56 1.56 1.56 percent [+]
Loan Growth 2.90 6.9 2.92 7.1 2.91 4.8 percent [+]
Loans To Private Sector 36268.10 36588 36783 36974 37157 38704 KWD Million [+]
Foreign Exchange Reserves 826.00 -12.97 3.58 20.13 -73.68 9.1 KWD million [+]
TRADE Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Balance of Trade 1693.00 1740 1835 1752 1811 1793 KWD Million [+]
Exports 4118.00 4183 4151 4159 4166 4165 KWD Million [+]
Imports 2424.00 2404 2428 2450 2467 2676 KWD Million [+]
Current Account 471.00 218 265 148 67.91 171 KWD Million [+]
Current Account to GDP 11.50 4 22.86 4 22.2 9.8 percent [+]
Capital Flows -2189.00 -7103 -4920 -2738 -2816 -14300 KWD Million [+]
Remittances 4492.00 5012 5047 5082 5011 4598 KWD Million [+]
Tourist Arrivals 6528.00 6309 6360 6412 6393 6213 Thousand [+]
Gold Reserves 78.96 78.98 78.98 78.98 78.98 78.98 Tonnes [+]
Crude Oil Production 2700.00 2709 2707 2707 2707 2707 BBL/D/1K [+]
Terrorism Index 4.45 1.26 1.43 1.59 1.77 0.19 [+]
Tourism Revenues 12280.00 12469 12976 13483 13632 16292 USD Million [+]
Foreign Direct Investment 22.00 -51.62 -51.52 -57.88 -57.88 -73.47 KWD Million [+]
GOVERNMENT Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Government Debt to GDP 11.20 14 14 14 6.1 15.5 percent [+]
Government Budget 1.70 -3 -3 -3 2 4 percent of GDP [+]
Government Budget Value -431.90 -7620 392 -985 392 102 KWD Million [+]
Government Spending 8427.10 8862 8831 8800 8869 9795 KWD Million [+]
Government Revenues 961.00 1850 1140 1070 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 Q2/17 Q3/17 Q4/17 Q1/18 2020
Ease of Doing Business 98.00 88 87 86 84 65 [+]
Competitiveness Index 4.53 4.57 4.57 4.57 4.54 4.54 Points [+]
Competitiveness Rank 38.00 36 36 36 37 37 [+]
Corruption Index 41.00 45 45 45 46 46 Points [+]
Corruption Rank 75.00 65 69 73 72 64 [+]
CONSUMER Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Consumer Spending 14179.00 14261 14458 14654 14767 16711 KWD Million [+]
Bank Lending Rate 4.51 4.53 4.54 4.54 4.54 4.55 percent [+]
Gasoline Prices 0.28 0.28 0.28 0.28 0.28 0.28 USD/Liter [+]
TAXES Actual Q2/17 Q3/17 Q4/17 Q1/18 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 21.94 22.38 22.82 22.83 22.37 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 10.49 11.09 11.69 11.77 11.55 percent [+]