Kuwait - Economic Forecasts - 2018-2020 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 Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 2.08 2.15 2.7 2.1 2.1 3 percent
Inflation Rate 0.40 1.3 1.5 1.8 1.5 3.5 percent
Interest Rate 3.00 3.25 3.5 3.5 3.75 4 percent
Balance of Trade 2310.00 2160 2096 2131 2108 1867 KWD Million
Government Debt to GDP 27.10 22 22 25 25 27 percent
MARKETS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Stock Market 6633.44
points
6484 6338 6196 6056 5529
Currency 0.30
0.31 0.31 0.3 0.3 0.36
GDP Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Annual Growth Rate 1.60
percent
2.5 3.2 2.7 2.5 3.4
GDP 120.13
USD Billion
127 127 136 136 142
GDP Constant Prices 10043.30
KWD Million
10086 10483 10314 10294 11230
Gross Fixed Capital Formation 9044.80
KWD Million
9271 9334 9289 9271 9999
GDP per capita 33545.60
USD
33675 33675 34777 34777 35000
GDP per capita PPP 65530.50
USD
66245 66245 69651 69651 70000
Gdp Growth Rate -1.10
percent
2.5 3.2 -4 -1 2.5
LABOUR Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 2.08
percent
2.15 2.7 2.1 2.1 3
Population 4.10
Million
4.11 4.11 4.09 4.08 3.96
Labor Force Participation Rate 69.00
percent
68.62 68.47 68.36 68.25 67.33
PRICES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate 0.40
percent
1.3 1.5 1.8 1.5 3.5
Producer Prices 135.20
Index Points
135 135 135 135 134
Inflation Rate Mom 0.10
percent
0.02 0.05 0.07 0.08 0.09
Consumer Price Index Cpi 112.60
Index Points
114 115 114 115 122
CPI Transportation 119.00
Index Points
120 120 121 121 127
Food Inflation 0.20
percent
0.39 0.9 1 0.8 3
MONEY Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Interest Rate 3.00
percent
3.25 3.5 3.5 3.75 4
Money Supply M1 11027.60
KWD Million
10936 10938 10944 10944 10944
Money Supply M2 38042.30
KWD Million
38316 37000 38319 38318 40600
Money Supply M3 38042.30
KWD Million
38297 38300 38298 38297 38297
Deposit Interest Rate 1.60
percent
1.85 2.1 2.1 2.35 2.6
Loan Growth 0.70
percent
0.4 6.5 0.38 0.38 4.8
Loans To Private Sector 37231.60
KWD Million
37378 37406 37435 37461 37560
Interbank Rate 1.56
percent
1.81 2.06 2.06 2.31 2.56
Reverse Repo Rate 2.00
percent
2 2.5 2.54 2.65 3
Foreign Exchange Reserves -1100.00
KWD million
450 450 -914 -957 680
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade 2310.00
KWD Million
2160 2096 2131 2108 1867
Exports 4936.00
KWD Million
4847 4848 4862 4864 4861
Imports 2626.00
KWD Million
2687 2711 2730 2756 2994
Current Account 1108.00
KWD Million
2098 2033 1888 1726 1678
Current Account to GDP 1.97
percent
5.7 5.7 7.2 7.2 9.8
Capital Flows -1645.00
KWD Million
-2667 -1437 -1414 -1390 -3614
Tourist Arrivals 7055.00
Thousand
6725 6700 6650 6600 6100
Gold Reserves 79.00
Tonnes
78.97 78.97 78.97 78.97 78.97
Crude Oil Production 2707.00
BBL/D/1K
2707 2708 2708 2708 2708
Terrorism Index 3.80
2.86 2.73 2.33 1.93 0
Tourism Revenues 831.00
USD Million
832 833 833 833 833
Foreign Direct Investment 8.00
KWD Million
36.56 24.34 35.78 29.56 37.72
GOVERNMENT Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Government Debt to GDP 27.10
percent
22 22 25 25 27
Government Budget 3.96
percent of GDP
1.11 2 -2.61 -4.01 4
Government Spending 8688.50
KWD Million
8906 8967 8923 8906 9605
Military Expenditure 6692.89
USD Million
6194 5980 5909 5837 6578
BUSINESS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Internet Speed 7920.05
KBps
9445 9685 9921 10055 11802
IP Addresses 126534.00
IP
131580 132529 131690 132168 132122
Ease of Doing Business 96.00
91 91 89 88 76
Competitiveness Index 4.43
Points
4.51 4.51 4.48 4.47 4.56
Competitiveness Rank 52.00
42 42 50 53 53
Corruption Index 39.00
Points
42 41 41 41 42
Corruption Rank 85.00
77 76 73 71 71
CONSUMER Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Consumer Spending 15169.20
KWD Million
15548 15655 15579 15548 16770
Bank Lending Rate 4.75
percent
5 5.25 5.25 5.5 5.75
Gasoline Prices 0.28
USD/Liter
0.27 0.25 0.24 0.22 0.13
TAXES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Corporate Tax Rate 15.00
percent
15 15 15 15 15
Personal Income Tax Rate 0.00
percent
0 0 0 0 0
Social Security Rate 22.00
percent
22 22 22 22 22
Social Security Rate For Companies 11.50
percent
11.5 11.5 11.5 11.5 11.5
Social Security Rate For Employees 10.50
percent
10.1 10.1 10.69 10.89 10.81
CLIMATE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Precipitation 39.18
mm
0.34 13.6 18.38 10.11 9.9
Temperature 13.13
celsius
34.78 20.48 15.54 36.34 25.72