Markets Actual Q1 Q2 Q3 Q4 2020
Stock Market (points) 6282.46 6322 6322 6322 6221 5330
Currency 0.30 0.35 0.35 0.35 0.36 0.24
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Annual Growth Rate (%) 0.40 3.1 2.8 2.9 3.3 2.6
Unemployment Rate (%) 2.06 2.3 2.3 2.3 2.3 2.3
Inflation Rate (%) 1.50 2.1 2.2 2.5 3 3
Interest Rate (%) 2.75 3 3 3 3 3
Balance of Trade (KWD Million) 2672.80 2558 2539 2512 2535 2411
Current Account to GDP (%) 12.70 6.6 6.6 6.6 6.6 5.6
Government Debt to GDP (%) 14.80 27 27 27 27 29
Government Budget (% of GDP) 11.40 4 4 4 4 2.5
Corporate Tax Rate (%) 15.00 15 15 15 15 15
Personal Income Tax Rate (%) 0.00 0 0 0 0 0
GDP Actual Q1 Q2 Q3 Q4 2020
GDP Annual Growth Rate (%) 0.40 3.1 2.8 2.9 3.3 2.6
GDP (USD Billion) 141.68 147 147 147 147 151
GDP Constant Prices (KWD Million) 9715.60 10144 9988 9997 10036 10297
Gross Fixed Capital Formation (KWD Million) 10541.90 10869 10837 10848 10890 11173
GDP per capita (USD) 33537.90 31824 31824 31824 31824 30990
GDP per capita PPP (USD) 65515.40 70000 70000 70000 70000 70000
GDP Growth Rate (%) -1.30 2 2.3 2.3 2.5 2.5
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 2.06 2.3 2.3 2.3 2.3 2.3
Population (Million) 4.60 5.6 5.6 5.6 5.6 6.1
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 1.50 2.1 2.2 2.5 3 3
Producer Prices (points) 137.50 135 135 135 135 135
Consumer Price Index Cpi (points) 115.20 116 117 118 119 122
CPI Transportation (points) 125.70 124 128 128 129 133
Food Inflation (%) 1.76 2 2.5 2.5 3 3
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 2.75 3 3 3 3 3
Interbank Rate (%) 1.56 1.81 1.81 1.81 1.81 1.81
Money Supply M2 (KWD Million) 38219.20 -0.4 0.4 38200 40600 40600
Deposit Interest Rate (%) 1.70 1.6 1.95 1.95 1.6 1.85
Loan Growth (%) 5.00 5.7 5.4 5.1 4.8 4.8
Foreign Exchange Reserves (KWD million) -1072.00 680 680 680 680 680
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (KWD Million) 2672.80 2558 2539 2512 2535 2411
Current Account to GDP (%) 12.70 6.6 6.6 6.6 6.6 5.6
Crude Oil Production (BBL/D/1K) 2706.00 2600 2700 2750 2750 2750
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 14.80 27 27 27 27 29
Government Budget (% of GDP) 11.40 4 4 4 4 2.5
Government Spending (KWD Million) 9114.90 9397 9370 9379 9416 9660
Taxes Actual Q1 Q2 Q3 Q4 2020
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 Q1 Q2 Q3 Q4 2020
Consumer Spending (KWD Million) 15760.50 16249 16202 16218 16281 16704
Bank Lending Rate (%) 4.84 5.09 5.09 5.09 5.09 5.09
Gasoline Prices (USD/Liter) 0.28 0.31 0.32 0.32 0.33 0.33


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.