Markets Actual Q1 Q2 Q3 Q4 2020
Stock Market (points) 5250.00 6476 6424 6322 6322 6221
Currency 0.30 0.3 0.3 0.35 0.35 0.36
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Annual Growth Rate (%) 1.90 5.3 4.2 3.7 3.3 3.9
Unemployment Rate (%) 2.08 2.1 2.1 2.1 2.1 2.3
Inflation Rate (%) 0.10 2.5 3.3 3.6 2.7 3.5
Interest Rate (%) 3.00 3 3 3.25 3.25 3.5
Balance of Trade (KWD Million) 3138.60 2574 2558 2539 2512 2411
Current Account to GDP (%) 5.90 10.8 10.8 10.8 10.8 9
Government Debt to GDP (%) 27.10 25 25 25 25 27
Government Budget (% of GDP) 6.60 12 12 12 12 9
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 (%) 1.90 5.3 4.2 3.7 3.3 3.9
GDP (USD Billion) 120.13 136 136 136 136 142
GDP Constant Prices (KWD Million) 9929.50 10311 10347 10297 10257 10657
Gross Fixed Capital Formation (KWD Million) 10541.90 11101 10985 10932 10890 11314
GDP per capita (USD) 33545.60 34777 34777 34777 34777 35000
GDP per capita PPP (USD) 65530.50 69651 69651 69651 69651 70000
GDP Growth Rate (%) 1.40 -4 -1 0.7 2.7 2.5
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 2.08 2.1 2.1 2.1 2.1 2.3
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 0.10 2.5 3.3 3.6 2.7 3.5
Producer Prices (Index Points) 136.70 135 135 135 135 135
Consumer Price Index Cpi (Index Points) 113.20 115 117 117 116 120
CPI Transportation (Index Points) 119.90 122 124 124 123 127
Food Inflation (%) -0.37 1 0.8 1.2 2 3
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 3.00 3 3 3.25 3.25 3.5
Interbank Rate (%) 1.56 1.56 1.56 1.81 1.81 1.81
Deposit Interest Rate (%) 1.60 1.6 1.6 1.85 1.85 1.85
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (KWD Million) 3138.60 2574 2558 2539 2512 2411
Current Account to GDP (%) 5.90 10.8 10.8 10.8 10.8 9
Crude Oil Production (BBL/D/1K) 2802.00 2748 2800 2820 2840 2900
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 27.10 25 25 25 25 27
Government Budget (% of GDP) 6.60 12 12 12 12 9
Government Spending (KWD Million) 9114.90 9598 9498 9452 9416 9783
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 16596 16422 16344 16281 16916
Bank Lending Rate (%) 4.82 4.81 4.81 5.06 5.06 5.06
Gasoline Prices (USD/Liter) 0.28 0.26 0.26 0.25 0.25 0.25


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.