Markets Actual Q4 Q1 Q2 Q3 2020
Stock Market (points) 5678.70 6322 6322 6322 6322 6221
Currency 0.30 0.35 0.35 0.35 0.35 0.36
Overview Actual Q4 Q1 Q2 Q3 2020
GDP Annual Growth Rate (%) 2.60 2.3 2.8 2.8 2.8 2.8
Unemployment Rate (%) 2.06 2.1 2.3 2.3 2.3 2.3
Inflation Rate (%) 1.20 2 2 2.2 2.5 3
Interest Rate (%) 3.00 3 3 3 3 3
Balance of Trade (KWD Million) 2383.70 2512 2512 2512 2512 2411
Current Account to GDP (%) 12.70 10.8 9 9 9 9
Government Debt to GDP (%) 14.80 25 27 27 27 27
Government Budget (% of GDP) 11.40 9.6 7.5 7.5 7.5 7.5
Corporate Tax Rate (%) 15.00 15 15 15 15 15
Personal Income Tax Rate (%) 0.00 0 0 0 0 0
GDP Actual Q4 Q1 Q2 Q3 2020
GDP Annual Growth Rate (%) 2.60 2.3 2.8 2.8 2.8 2.8
GDP (USD Billion) 141.68 140 142 142 142 142
GDP Constant Prices (KWD Million) 10047.90 10158 10178 10329 10329 10554
Gross Fixed Capital Formation (KWD Million) 10541.90 10784 10805 10837 10837 11205
GDP per capita (USD) 33537.90 34777 35000 35000 35000 35000
GDP per capita PPP (USD) 65515.40 69651 70000 70000 70000 70000
GDP Growth Rate (%) -1.90 2.7 2.7 2.7 2.7 2.5
Labour Actual Q4 Q1 Q2 Q3 2020
Unemployment Rate (%) 2.06 2.1 2.3 2.3 2.3 2.3
Prices Actual Q4 Q1 Q2 Q3 2020
Inflation Rate (%) 1.20 2 2 2.2 2.5 3
Producer Prices (Index Points) 137.00 135 135 135 135 135
Consumer Price Index Cpi (Index Points) 114.60 116 116 117 117 119
CPI Transportation (Index Points) 125.20 123 124 128 128 127
Food Inflation (%) 1.10 2 2 2.5 2.5 3
Money Actual Q4 Q1 Q2 Q3 2020
Interest Rate (%) 3.00 3 3 3 3 3
Interbank Rate (%) 1.56 1.81 1.81 1.81 1.81 1.81
Deposit Interest Rate (%) 1.70 1.95 1.95 1.95 1.95 1.95
Trade Actual Q4 Q1 Q2 Q3 2020
Balance of Trade (KWD Million) 2383.70 2512 2512 2512 2512 2411
Current Account to GDP (%) 12.70 10.8 9 9 9 9
Crude Oil Production (BBL/D/1K) 2650.00 2650 2550 2500 2550 2450
Government Actual Q4 Q1 Q2 Q3 2020
Government Debt to GDP (%) 14.80 25 27 27 27 27
Government Budget (% of GDP) 11.40 9.6 7.5 7.5 7.5 7.5
Government Spending (KWD Million) 9114.90 9325 9343 9370 9370 9688
Taxes Actual Q4 Q1 Q2 Q3 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 Q4 Q1 Q2 Q3 2020
Consumer Spending (KWD Million) 15760.50 16123 16155 16202 16202 16752
Bank Lending Rate (%) 4.83 5.08 5.08 5.08 5.08 5.08
Gasoline Prices (USD/Liter) 0.28 0.26 0.25 0.24 0.24 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.