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 Q3/17 Q4/17 Q1/18 Q2/18 2020
Unemployment Rate 2.20 2.6 2.6 2.7 2.7 3 percent [+]
Inflation Rate 1.20 2.7 3 3.3 3.5 4 percent [+]
Interest Rate 2.75 2.75 3 3 3 3.75 percent [+]
Balance of Trade 1625.00 1459 1379 1457 1409 1424 KWD Million [+]
Government Debt to GDP 18.60 20 20 22 22 27 percent [+]
MARKETS Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Stock Market 6849.11 6570 6510 6440 6370 5640 points [+]
Currency 0.30 0.3 0.29 0.29 0.29 0.26 [+]
GDP Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
GDP Annual Growth Rate 1.80 1.4 1.4 2.2 2.2 3.3 percent [+]
GDP 114.04 115 102 103 104 120 USD Billion [+]
GDP Constant Prices 40942.90 40368 40611 40513 40415 38934 KWD Million [+]
Gross Fixed Capital Formation 9044.80 8731 9035 9054 9073 9355 KWD Million [+]
GDP per capita 35490.30 31480 31474 35850 35928 35475 USD [+]
GDP per capita PPP 69329.40 64755 64744 70033 70183 68345 USD [+]
LABOUR Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Unemployment Rate 2.20 2.6 2.6 2.7 2.7 3 percent [+]
Population 4.40 4.44 4.49 4.52 4.55 4.76 Million [+]
PRICES Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Inflation Rate 1.20 2.7 3 3.3 3.5 4 percent [+]
Producer Prices 134.50 135 135 135 135 135 Index Points [+]
Inflation Rate Mom 0.00 0.15 0.16 0.16 0.15 0.15 percent [+]
Food Inflation -0.20 0.29 0.27 0.27 0.27 0.27 percent [+]
Consumer Price Index Cpi 112.20 113 113 114 114 118 Index Points [+]
CPI Transportation 117.80 115 113 113 114 114 Index Points [+]
MONEY Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Interest Rate 2.75 2.75 3 3 3 3.75 percent [+]
Money Supply M1 10344.00 10278 10296 10302 10304 10304 KWD Million [+]
Money Supply M2 36501.50 36390 36400 36375 36375 40600 KWD Million [+]
Money Supply M3 36501.50 36381 36364 36365 36365 36365 KWD Million [+]
Deposit Interest Rate 1.60 1.78 1.65 1.7 1.76 1.94 percent [+]
Reverse Repo Rate 1.25 1.25 1.5 1.5 1.5 2.25 percent [+]
Interbank Rate 1.56 1.58 1.66 1.77 1.88 2.77 percent [+]
Loan Growth 3.30 3.38 7.1 3.26 3.23 4.8 percent [+]
Loans To Private Sector 37404.00 37836 38254 38661 39055 42282 KWD Million [+]
Foreign Exchange Reserves 826.00 500 500 450 450 680 KWD million [+]
TRADE Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Balance of Trade 1625.00 1459 1379 1457 1409 1424 KWD Million [+]
Exports 4165.00 4065 4079 4086 4084 4083 KWD Million [+]
Imports 2539.00 2505 2540 2560 2579 2795 KWD Million [+]
Current Account 269.00 175 401 725 1083 3337 KWD Million [+]
Current Account to GDP 2.71 4 4 5.7 5.7 9.8 percent [+]
Capital Flows -2189.00 -4920 -2738 -2816 -2894 -14300 KWD Million [+]
Remittances 4492.00 5047 5082 5011 4940 4598 KWD Million [+]
Tourist Arrivals 6941.00 6638 6707 6668 6629 6330 Thousand [+]
Gold Reserves 78.96 78.98 78.98 78.98 78.98 78.98 Tonnes [+]
Crude Oil Production 2700.00 2671 2630 2592 2557 2293 BBL/D/1K [+]
Terrorism Index 4.45 1.43 1.59 1.77 1.94 0.19 [+]
Tourism Revenues 13148.00 13526 13573 13692 13810 15352 USD Million [+]
Foreign Direct Investment -5.00 32.91 74.44 73.97 96.74 122 KWD Million [+]
GOVERNMENT Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Government Debt to GDP 18.60 20 20 22 22 27 percent [+]
Government Budget -3.62 -3 -3 2 2 4 percent of GDP [+]
Government Budget Value -431.90 392 -985 392 392 102 KWD Million [+]
Government Spending 8688.50 8465 8491 8453 8415 8070 KWD Million [+]
Government Revenues 961.00 1140 1070 1140 1140 1620 KWD Million [+]
Fiscal Expenditure 1392.90 1490 1490 1490 1490 1490 KWD Million [+]
Military Expenditure 6370.10 6678 7111 6985 6859 6305 USD Million [+]
BUSINESS Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Ease of Doing Business 98.00 87 86 84 82 65 [+]
Competitiveness Index 4.53 4.57 4.57 4.55 4.54 4.54 Points [+]
Competitiveness Rank 38.00 36 36 37 37 37 [+]
Corruption Index 41.00 45 45 46 46 46 Points [+]
Corruption Rank 75.00 69 73 72 70 64 [+]
CONSUMER Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Consumer Spending 15169.20 15366 15640 15690 15740 15978 KWD Million [+]
Bank Lending Rate 4.58 4.54 4.54 4.54 4.55 4.55 percent [+]
Gasoline Prices 0.28 0.27 0.27 0.27 0.26 0.24 USD/Liter [+]
TAXES Actual Q3/17 Q4/17 Q1/18 Q2/18 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 22.38 22.82 22.83 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 11.09 11.69 11.77 11.84 11.55 percent [+]