Kuwait GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Kuwait expanded 6.10 percent in 2012 from the previous year. GDP Annual Growth Rate in Kuwait is reported by the Central Bank of Kuwait. From 1963 until 2012, Kuwait GDP Annual Growth Rate averaged 3.7 Percent reaching an all time high of 34.0 Percent in December of 1993 and a record low of -20.6 Percent in December of 1980. Kuwait holds the world´s sixth biggest proven reserves of oil and oil extraction accounts for 40 percent of GDP. The services sector constitutes 30 percent of the output. Within services the largest segments are: community, social and personal services (11 percent of GDP); real estate and financial and business services (9 percent) and wholesale and retail trade and restaurants and hotels (8 percent). Manufacturing contributes for 23 percent of the wealth and construction and electricity, gas and water distribution for the remaining 7 percent. This page provides - Kuwait GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
6.10 6.30 33.99 -20.62 6.46 | 2013/12 1963 - 2012 Percent Yearly

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Kuwait GDP Annual Growth Rate
LIST BY COUNTRY

GDP Last Previous Highest Lowest Forecast Unit
GDP Constant Prices 19245.40 2011-06-30 18104.20 19955.90 572.00 19340.50 2011-12-31 KWD Million [+]
Gross Fixed Capital Formation 7746.40 2012-06-29 7261.60 7746.40 96.00 7769.04 2012-12-31 KWD Million [+]
GDP 176.59 2011-12-31 124.35 176.59 1.83 179.87 2012-12-31 USD Billion [+]
GDP Annual Growth Rate 6.10 2012-12-31 6.30 33.99 -20.62 6.46 2013-12-31 Percent [+]
GDP per capita 31626.23 2011-12-31 30532.94 35185.93 3815.53 31702.21 2012-12-31 USD [+]
GDP per capita PPP 43230.63 2011-12-31 41736.19 48096.47 22877.48 43308.14 2012-12-31 USD [+]
[+]


GDP Annual Growth Rate | Notes
The annual growth rate in Gross Domestic Product measures the increase in value of the goods and services produced by an economy over the period of a year. Therefore, unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment.


RELATED NEWS

Kuwait Capital Flows at -9338.00 KWD Million  
Capital Flows in Kuwait decreased to -9338 KWD Million in 2010 from -7293 KWD Million in 2009. Capital Flows in Kuwait is reported by the Central Bank of Kuwait.
Kuwait Consumer Spending at 11348.80 KWD Million  
Consumer Spending in Kuwait increased to 11348.80 KWD Million in 2012 from 10319 KWD Million in 2011. Consumer Spending in Kuwait is reported by the Central Bank of Kuwait.
Kuwait Crude Oil Production at 2650.00 Thousands Barrels per Day  
Crude Oil Production in Kuwait remained unchanged at 2650 Thousands Barrels per Day in December of 2013 from 2650 Thousands Barrels per Day in November of 2013. Crude Oil Production in Kuwait is reported by the U.S. Energy Information Administration.
Kuwait GDP Constant Prices at 19245.40 KWD Million  
GDP Constant Prices in Kuwait increased to 19245.40 KWD Million in 2011 from 18104.20 KWD Million in 2010. GDP Constant Prices in Kuwait is reported by the Central Bank Of Kuwait.
Kuwait Government Budget Value at -6066.30 KWD Million  
Kuwait recorded a government budget deficit of 6066.30 KWD Million in March of 2013. Government Budget Value in Kuwait is reported by the Central Bank Of Kuwait.
Kuwait Government Spending at 7775.40 KWD Million  
Government Spending in Kuwait increased to 7775.40 KWD Million in 2012 from 6626.40 KWD Million in 2011. Government Spending in Kuwait is reported by the Central Bank of Kuwait.
Kuwait Gross Fixed Capital Formation at 7746.40 KWD Million  
Gross Fixed Capital Formation in Kuwait increased to 7746.40 KWD Million in 2012 from 7261.60 KWD Million in 2011. Gross Fixed Capital Formation in Kuwait is reported by the Central Bank Of Kuwait.
Kuwait Producer Prices at 123.40 Index Points  
Producer Prices in Kuwait decreased to 123.40 Index Points in December of 2013 from 123.90 Index Points in November of 2013. Producer Prices in Kuwait is reported by the Central Bank of Kuwait.
Kuwait Remittances at 4412.00 KWD Million  
Remittances in Kuwait increased to 4412 KWD Million in 2012 from 3660 KWD Million in 2011. Remittances in Kuwait is reported by the Central Bank of Kuwait.
Kuwait Tourist Arrivals at 5729.00 Thousand  
Tourist Arrivals in Kuwait increased to 5729 Thousand in 2012 from 5574 Thousand in 2011. Tourist Arrivals in Kuwait is reported by the The Statistical, Economic and Social Research and Training Centre for Islamic Countries.
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