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 Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 2.40 2.7 2.7 2.3 2.7 3 percent
Inflation Rate 1.53 1.9 2.2 2.5 2.5 3.5 percent
Interest Rate 2.75 2.75 2.75 2.75 3.25 3.75 percent
Balance of Trade 1610.70 1702 1719 1752 1777 1915 KWD Million
Government Debt to GDP 18.60 22 22 14.85 22 27 percent
MARKETS Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Stock Market 6634.58
points
6390 6330 6260 6200 5160
Currency 0.30
0.3 0.31 0.31 0.31 0.36
GDP Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
GDP Annual Growth Rate 2.50
percent
2.2 2.2 2.95 2.2 3.3
GDP 114.04
USD Billion
138 124 110 95.5 73.7
GDP Constant Prices 40942.90
KWD Million
39882 40125 40368 40611 38934
Gross Fixed Capital Formation 9044.80
KWD Million
9086 9095 9105 9114 9104
GDP per capita 35490.30
USD
36600 36500 36399 33475 35475
GDP per capita PPP 69329.40
USD
71497 71301 71105 66346 68345
LABOUR Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 2.40
percent
2.7 2.7 2.3 2.7 3
Population 4.40
Million
4.27 4.33 4.38 4.44 4.41
Labor Force Participation Rate 77.80
percent
74.75 74.74 74.73 74.72 74.76
PRICES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Inflation Rate 1.53
percent
1.9 2.2 2.5 2.5 3.5
Producer Prices 134.20
Index Points
134 134 134 134 133
Inflation Rate Mom 0.00
percent
0.38 0.34 0.32 0.31 0.29
Consumer Price Index Cpi 113.10
Index Points
114 114 114 114 114
CPI Transportation 118.70
Index Points
115 114 114 114 114
Food Inflation 0.46
percent
1.67 2.34 2.84 3.21 4.16
MONEY Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Interest Rate 2.75
percent
2.75 2.75 2.75 3.25 3.75
Money Supply M1 10156.80
KWD Million
10121 10109 10094 10079 9960
Money Supply M2 36723.20
KWD Million
36815 36809 36784 37000 40600
Money Supply M3 36723.20
KWD Million
36811 36803 36776 36745 36482
Deposit Interest Rate 1.60
percent
2.23 2.12 2 1.89 3.07
Loan Growth 3.60
percent
4.46 5.03 5.53 6.5 4.8
Loans To Private Sector 37243.40
KWD Million
37050 36831 36640 36469 35448
Interbank Rate 1.56
percent
1.76 1.87 1.98 2.08 2.68
Reverse Repo Rate 1.50
percent
1.5 1.75 2 2.5 3
Foreign Exchange Reserves -1100.00
KWD million
450 450 450 450 680
TRADE Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Balance of Trade 1610.70
KWD Million
1702 1719 1752 1777 1915
Exports 4088.70
KWD Million
4110 4063 4037 4013 3832
Imports 2478.00
KWD Million
2458 2459 2454 2449 2417
Current Account 269.00
KWD Million
725 1083 1427 1738 3337
Current Account to GDP 2.71
percent
5.7 5.7 18.46 5.7 9.8
Capital Flows -2189.00
KWD Million
-8132 -5747 -3361 -976 -7251
Remittances 4492.00
KWD Million
4974 4984 4994 5004 4087
Tourist Arrivals 6941.00
Thousand
0 0 0 0 0
Gold Reserves 78.96
Tonnes
78.98 78.98 78.98 78.97 78.97
Crude Oil Production 2705.00
BBL/D/1K
2649 2611 2575 2541 2328
Terrorism Index 3.80
3.12 2.99 2.86 2.73 0
Tourism Revenues 13148.00
USD Million
13261 13239 13218 13196 13127
Foreign Direct Investment -5.00
KWD Million
73.97 96.74 105 112 122
GOVERNMENT Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Government Debt to GDP 18.60
percent
22 22 14.85 22 27
Government Budget -3.62
percent of GDP
2 2 3.79 2 4
Government Spending 8688.50
KWD Million
8412 8439 8465 8491 8070
Military Expenditure 6370.10
USD Million
5762 6100 6437 6775 5820
BUSINESS Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Internet Speed 7920.05
KBps
7933 7996 7641 7538 6331
IP Addresses 126534.00
IP
246604 269438 286749 301060 349403
Ease of Doing Business 96.00
87 88 88 88 77
Competitiveness Index 4.43
Points
4.51 4.51 4.51 4.46 4.55
Competitiveness Rank 52.00
41 41 41 46 35
Corruption Index 41.00
Points
45 45 45 45 46
Corruption Rank 75.00
61 65 69 73 64
CONSUMER Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Consumer Spending 15169.20
KWD Million
14817 15092 15366 15640 15978
Bank Lending Rate 4.74
percent
4.95 5.08 5.21 5.35 6.32
Gasoline Prices 0.28
USD/Liter
0.27 0.27 0.27 0.26 0.25
TAXES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Corporate Tax Rate 15.00
percent
20 20 20 20 30
Personal Income Tax Rate 0.00
percent
0 0 0 0 0
Social Security Rate 22.00
percent
22 22 23 23 22
Social Security Rate For Companies 11.50
percent
11.45 11.44 11.43 11.42 11.16
Social Security Rate For Employees 10.50
percent
9.89 10.49 11.09 11.69 11.55
CLIMATE Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Precipitation 39.00
mm
9.37 9.37 9.37 9.37 9.37
Temperature 13.00
celsius
18.65 35.36 31.46 15.74 17.21