Markets Actual Q4 Q1 Q2 Q3 2022
Stock Market (points) 6976.59 5330 5330 5143 4772 4031
Currency 0.30 0.24 0.24 0.3 0.3 0.3

Overview Actual Q4 Q1 Q2 Q3 2022
GDP Annual Growth Rate (%) -11.20 10 8 3 2 5
Unemployment Rate (%) 2.30 2.2 2.2 2.1 2 2
Inflation Rate (%) 3.10 3.2 3.2 3 2.5 2.5
Interest Rate (%) 1.50 1.5 1.5 1.75 1.75 2
Balance of Trade (KWD Million) 1620.70 2558 2539 2512 2512 2411
Current Account to GDP (% of GDP) 0.80 -7.5 -7.5 -7.5 2.3 -3.5
Government Debt to GDP (% of GDP) 11.50 29 29 29 30 32
Government Budget (% of GDP) -9.40 2.5 2.5 2.5 1.5 1.5
Corporate Tax Rate (%) 15.00 15 15 15 15 15
Personal Income Tax Rate (%) 0.00 0 0 0 0 0

GDP Actual Q4 Q1 Q2 Q3 2022
GDP Annual Growth Rate (%) -11.20 10 8 3 2 5
GDP (USD Billion) 136.20 135 135 135 135 144
GDP Constant Prices (KWD Million) 9011.40 10966 9913 9732 9282 10408
Gross Fixed Capital Formation (KWD Million) 10344.90 11642 11379 11172 10655 11948
GDP per capita (USD) 32702.25 32000 32000 32000 28000 33000
GDP per capita PPP (USD) 49853.74 47000 47000 47000 43900 51000
GDP Growth Rate (%) 4.70 1 1 1 1 1

Labour Actual Q4 Q1 Q2 Q3 2022
Unemployment Rate (%) 2.30 2.2 2.2 2.1 2 2
Population (Million) 4.27 6.1 6.1 6.1 6.1 6.6

Prices Actual Q4 Q1 Q2 Q3 2022
Inflation Rate (%) 3.10 3.2 3.2 3 2.5 2.5
Producer Prices (points) 139.00 135 135 135 135 135
Inflation Rate Mom (%) -0.17 0.07 0.08 0.08 0.09 0.09
Consumer Price Index CPI (points) 119.00 124 122 123 123 125
CPI Transportation (points) 130.70 131 131 131 131 131
Food Inflation (%) 10.75 4 2.5 2.5 3 3

Money Actual Q4 Q1 Q2 Q3 2022
Interest Rate (%) 1.50 1.5 1.5 1.75 1.75 2
Interbank Rate (%) 1.56 1.56 1.56 1.81 1.81 2.06
Money Supply M2 (KWD Million) 38885.70 40527 40898 41135 41135 42137
Deposit Interest Rate (%) 1.60 1.85 1.6 1.6 1.85 2.1
Loan Growth (%) 3.73 3.5 2.8 2.8 2.8 4.8
Reverse Repo Rate (%) 0.88 1 1 1 1 1
Foreign Exchange Reserves (KWD million) -2451.00 680 680 680 680 680

Trade Actual Q4 Q1 Q2 Q3 2022
Balance of Trade (KWD Million) 1620.70 2558 2539 2512 2512 2411
Current Account to GDP (% of GDP) 0.80 -7.5 -7.5 -7.5 2.3 -3.5
Crude Oil Production (BBL/D/1K) 2474.00 2700 2700 2700 2700 2800

Government Actual Q4 Q1 Q2 Q3 2022
Government Debt to GDP (% of GDP) 11.50 29 29 29 30 32
Government Budget (% of GDP) -9.40 2.5 2.5 2.5 1.5 1.5
Government Spending (KWD Million) 10429.00 10066 11472 11263 10742 12045

Taxes Actual Q4 Q1 Q2 Q3 2022
Corporate Tax Rate (%) 15.00 15 15 15 15 15
Personal Income Tax Rate (%) 0.00 0 0 0 0 0
Social Security Rate (%) 22.00 22 22 22 22 22
Social Security Rate For Companies (%) 11.50 11.5 11.5 11.5 11.5 11.5
Social Security Rate For Employees (%) 10.50 10.5 10.5 10.5 10.5 10.5

Consumer Actual Q4 Q1 Q2 Q3 2022
Consumer Spending (KWD Million) 17100.40 17405 18810 18468 17613 19751
Bank Lending Rate (%) 3.85 3.85 3.85 4.1 4.1 4.35
Gasoline Prices (USD/Liter) 0.28 0.27 0.25 0.24 0.23 0.22


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.