Markets Actual Q4 Q1 Q2 Q3 2021
Stock Market (points) 5442.99 5348 5254 5162 5072 4891
Currency 0.31 0.31 0.31 0.3 0.3 0.3

Overview Actual Q4 Q1 Q2 Q3 2021
GDP Annual Growth Rate (%) -1.10 2.5 3.5 3 3 2.6
Unemployment Rate (%) 2.17 2.3 2.5 2.5 2.5 2.5
Inflation Rate (%) 2.18 2.4 2 1.7 1.9 2
Interest Rate (%) 1.50 1.5 1.5 1.5 1.5 1.5
Balance of Trade (KWD Million) 1760.00 2411 2539 2512 2512 2312
Current Account to GDP (%) 8.90 -10 -7.5 -7.5 -7.5 -7.5
Government Debt to GDP (%) 14.80 27 27 27 27 29
Government Budget (% of GDP) 11.40 4 2.5 2.5 2.5 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 Q4 Q1 Q2 Q3 2021
GDP Annual Growth Rate (%) -1.10 2.5 3.5 3 3 2.6
GDP (USD Billion) 134.76 131 135 135 135 135
GDP Constant Prices (KWD Million) 9997.50 10554 10247 10347 10297 10966
Gross Fixed Capital Formation (KWD Million) 10706.10 11205 10974 11081 11027 11642
GDP per capita (USD) 32697.33 30000 32000 32000 32000 32000
GDP per capita PPP (USD) 49846.10 41000 47000 47000 47000 47000
GDP Growth Rate (%) 2.60 0.9 0.9 0.9 0.9 2.5

Labour Actual Q4 Q1 Q2 Q3 2021
Unemployment Rate (%) 2.17 2.3 2.5 2.5 2.5 2.5
Population (Million) 4.20 5.6 6.1 6.1 6.1 6.1

Prices Actual Q4 Q1 Q2 Q3 2021
Inflation Rate (%) 2.18 2.4 2 1.7 1.9 2
Producer Prices (points) 137.90 135 135 135 135 135
Consumer Price Index CPI (points) 117.10 120 118 118 118 124
CPI Transportation (points) 125.70 128 129 128 128 132
Food Inflation (%) 5.00 3 3 3 3 3

Money Actual Q4 Q1 Q2 Q3 2021
Interest Rate (%) 1.50 1.5 1.5 1.5 1.5 1.5
Interbank Rate (%) 1.56 1.56 1.56 1.56 1.56 1.81
Money Supply M2 (KWD Million) 40335.00 42054 43344 44634 45925 47215
Deposit Interest Rate (%) 1.90 1.6 1.9 1.9 1.9 1.85
Loan Growth (%) 4.98 2.5 3.3 2.1 3.5 4.8
Reverse Repo Rate (%) 1.00 1 1 1 1 1
Foreign Exchange Reserves (KWD million) 800.00 680 680 680 680 680

Trade Actual Q4 Q1 Q2 Q3 2021
Balance of Trade (KWD Million) 1760.00 2411 2539 2512 2512 2312
Current Account to GDP (%) 8.90 -10 -7.5 -7.5 -7.5 -7.5
Crude Oil Production (BBL/D/1K) 2290.00 2600 2700 2700 2700 2700

Government Actual Q4 Q1 Q2 Q3 2021
Government Debt to GDP (%) 14.80 27 27 27 27 29
Government Budget (% of GDP) 11.40 4 2.5 2.5 2.5 2.5
Government Spending (KWD Million) 9623.50 9688 9864 9960 9912 10066

Taxes Actual Q4 Q1 Q2 Q3 2021
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 19.5 19.5 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 8 8 10.5

Consumer Actual Q4 Q1 Q2 Q3 2021
Consumer Spending (KWD Million) 16642.90 16752 17059 17225 17142 17405
Bank Lending Rate (%) 4.76 4.82 4.76 4.76 4.76 5.07
Gasoline Prices (USD/Liter) 0.28 0.25 0.25 0.24 0.23 0.24


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.