Markets Actual Q2 Q3 Q4 Q1 2022
Stock Market (points) 6252.48 6143 6036 5930 5826 5618
Currency 0.30 0.31 0.31 0.3 0.3 0.3

Overview Actual Q2 Q3 Q4 Q1 2022
GDP Annual Growth Rate (%) -8.00 3 3 2.6 2.6 2.6
Unemployment Rate (%) 2.30 2.5 2.5 2.5 2.4 2.4
Inflation Rate (%) 3.20 3.8 3.5 3.2 3.2 2.5
Interest Rate (%) 1.50 1.5 1.5 1.5 1.5 1.5
Balance of Trade (KWD Million) 1093.79 2558 2539 2312 2312 2411
Current Account to GDP (%) 0.80 -7.5 -7.5 -7.5 -7.5 -3.5
Government Debt to GDP (%) 11.50 27 27 29 29 32
Government Budget (% of GDP) -9.40 2.5 2.5 2.5 2.5 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 Q2 Q3 Q4 Q1 2022
GDP Annual Growth Rate (%) -8.00 3 3 2.6 2.6 2.6
GDP (USD Billion) 134.76 135 135 135 135 144
GDP Constant Prices (KWD Million) 8622.20 9548 10347 10966 10966 9796
Gross Fixed Capital Formation (KWD Million) 10706.10 10224 11081 11642 11642 10490
GDP per capita (USD) 32697.33 32000 32000 32000 32000 33000
GDP per capita PPP (USD) 49846.10 47000 47000 47000 47000 51000
GDP Growth Rate (%) -2.50 1.5 1 1 1 1

Labour Actual Q2 Q3 Q4 Q1 2022
Unemployment Rate (%) 2.30 2.5 2.5 2.5 2.4 2.4
Population (Million) 4.21 6.1 6.1 6.1 6.1 6.6

Prices Actual Q2 Q3 Q4 Q1 2022
Inflation Rate (%) 3.20 3.8 3.5 3.2 3.2 2.5
Producer Prices (points) 138.60 135 135 135 135 135
Consumer Price Index CPI (points) 119.20 120 121 124 122 125
CPI Transportation (points) 130.70 130 130 132 134 137
Food Inflation (%) 9.78 4 4 3 2.5 3

Money Actual Q2 Q3 Q4 Q1 2022
Interest Rate (%) 1.50 1.5 1.5 1.5 1.5 1.5
Interbank Rate (%) 1.56 1.56 1.56 1.81 1.56 1.56
Money Supply M2 (KWD Million) 38950.30 39783 40155 40527 40898 42137
Deposit Interest Rate (%) 1.90 1.9 1.9 1.85 1.9 1.9
Foreign Exchange Reserves (KWD million) 800.00 680 680 680 680 680
Loan Growth (%) 3.05 2.1 3.5 3.5 2.8 4.8
Reverse Repo Rate (%) 0.88 1 1 1 1 1

Trade Actual Q2 Q3 Q4 Q1 2022
Balance of Trade (KWD Million) 1093.79 2558 2539 2312 2312 2411
Current Account to GDP (%) 0.80 -7.5 -7.5 -7.5 -7.5 -3.5
Crude Oil Production (BBL/D/1K) 2327.00 2700 2700 2700 2700 2800

Government Actual Q2 Q3 Q4 Q1 2022
Government Debt to GDP (%) 11.50 27 27 29 29 32
Government Budget (% of GDP) -9.40 2.5 2.5 2.5 2.5 1.5
Government Spending (KWD Million) 9623.50 9190 9960 10066 10066 9429

Taxes Actual Q2 Q3 Q4 Q1 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 (%) 19.50 22 19.5 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 (%) 8.00 10.5 8 10.5 10.5 10.5

Consumer Actual Q2 Q3 Q4 Q1 2022
Consumer Spending (KWD Million) 16642.90 15894 17225 17405 17405 16307
Bank Lending Rate (%) 3.92 4.04 4.04 5.07 4.04 4.04
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.