Markets Actual Q1 Q2 Q3 Q4 2023
Stock Market (points) 7335.72 5330 5330 5143 4772 4031
Currency 0.30 0.24 0.24 0.3 0.3 0.3

Overview Actual Q1 Q2 Q3 Q4 2023
GDP Annual Growth Rate (%) -11.20 8 3 2 5 5
Unemployment Rate (%) 2.30 2.2 2.1 2 2 2.2
Inflation Rate (%) 3.82 3.2 3 2.5 2.5 2.5
Interest Rate (%) 1.50 1.75 2 2 2.25 3
Balance of Trade (KWD Million) 2649.20 2312 2539 2512 2512 2411
Current Account to GDP (% of GDP) 0.80 -7.5 -7.5 2.3 -3.5 -3.5
Government Debt to GDP (% of GDP) 11.50 29 29 30 32 32
Government Budget (% of GDP) -9.40 2.5 2.5 1.5 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 Q1 Q2 Q3 Q4 2023
GDP Annual Growth Rate (%) -11.20 8 3 2 5 5
GDP (USD Billion) 136.20 135 135 135 144 144
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) 27156.48 32000 32000 28000 33000 33000
GDP per capita PPP (USD) 49853.74 47000 47000 43900 51000 51000
GDP Growth Rate (%) 4.70 1.5 1.5 1.7 2 2

Labour Actual Q1 Q2 Q3 Q4 2023
Unemployment Rate (%) 2.30 2.2 2.1 2 2 2.2
Population (Million) 4.27 6.1 6.1 6.1 6.6 6.6

Prices Actual Q1 Q2 Q3 Q4 2023
Inflation Rate (%) 3.82 3.2 3 2.5 2.5 2.5
Producer Prices (points) 140.60 135 135 135 135 135
Inflation Rate Mom (%) 0.30 0.3 0.5 1.5 1 0.8
CPI Transportation (points) 134.80 135 136 138 139 140
Consumer Price Index CPI (points) 122.40 123 124 125 125 129
Food Inflation (%) 7.70 2.5 2.5 3 3 3

Money Actual Q1 Q2 Q3 Q4 2023
Interest Rate (%) 1.50 1.75 2 2 2.25 3
Interbank Rate (%) 1.56 1.81 2.06 2.06 2.31 2.81
Money Supply M2 (KWD Million) 39187.60 40898 41135 41135 42137 43623
Deposit Interest Rate (%) 1.60 1.85 2.1 2.1 2.35 2.85
Loan Growth (%) 4.96 2.8 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 Q1 Q2 Q3 Q4 2023
Balance of Trade (KWD Million) 2649.20 2312 2539 2512 2512 2411
Current Account to GDP (% of GDP) 0.80 -7.5 -7.5 2.3 -3.5 -3.5
Crude Oil Production (BBL/D/1K) 2549.00 2680 2730 2800 2750 2750

Government Actual Q1 Q2 Q3 Q4 2023
Government Debt to GDP (% of GDP) 11.50 29 29 30 32 32
Government Budget (% of GDP) -9.40 2.5 2.5 1.5 1.5 1.5
Government Spending (KWD Million) 10429.00 10066 11472 11263 10742 12045

Taxes Actual Q1 Q2 Q3 Q4 2023
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 2023
Consumer Spending (KWD Million) 17100.40 17405 18810 18468 17613 19751
Bank Lending Rate (%) 3.62 3.87 4.12 4.12 4.37 4.87
Gasoline Prices (USD/Liter) 0.28 0.27 0.25 0.24 0.23 0.22


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Kuwait Forecast - was last updated on Monday, January 24, 2022.