Markets Actual Q3 Q4 Q1 Q2 2021
Stock Market (points) 5123.81 5013 4925 4839 4754 4585
Currency 0.31 0.31 0.31 0.3 0.3 0.3

Overview Actual Q3 Q4 Q1 Q2 2021
GDP Annual Growth Rate (%) -1.10 -1.5 2.5 3.5 3 2.6
Unemployment Rate (%) 2.17 2.3 2.3 2.5 2.5 2.5
Inflation Rate (%) 1.90 2.5 2.4 2 1.7 2
Interest Rate (%) 1.50 1.5 1.5 1.5 1.5 1.5
Balance of Trade (KWD Million) 1760.00 2558 2539 2512 2512 2411
Current Account to GDP (%) 8.90 -10 -10 -7.5 -7.5 -7.5
Government Debt to GDP (%) 14.80 27 27 27 27 29
Government Budget (% of GDP) 11.40 4 4 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 Q3 Q4 Q1 Q2 2021
GDP Annual Growth Rate (%) -1.10 -1.5 2.5 3.5 3 2.6
GDP (USD Billion) 140.50 147 147 151 151 151
GDP Constant Prices (KWD Million) 9997.50 9597 10247 10347 10297 10514
Gross Fixed Capital Formation (KWD Million) 10706.10 10546 10974 11081 11027 11259
GDP per capita (USD) 33537.90 31824 31824 30990 30990 30990
GDP per capita PPP (USD) 65515.40 70000 70000 70000 53808 47306
GDP Growth Rate (%) 2.60 1.5 0.9 0.9 0.9 2.5

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

Prices Actual Q3 Q4 Q1 Q2 2021
Inflation Rate (%) 1.90 2.5 2.4 2 1.7 2
Producer Prices (points) 137.50 135 135 135 135 135
Consumer Price Index Cpi (points) 115.70 118 118 118 118 120
CPI Transportation (points) 125.40 128 129 128 128 131
Food Inflation (%) 1.90 2.5 3 3 3 3

Money Actual Q3 Q4 Q1 Q2 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 1.56
Money Supply M2 (KWD Million) 38766.90 37938 40600 40600 40600 40600
Deposit Interest Rate (%) 1.90 1.9 1.9 1.9 1.9 1.9
Loan Growth (%) 5.51 5.1 4.8 4.8 4.8 4.8
Reverse Repo Rate (%) 1.00 1 1 1 1 1
Foreign Exchange Reserves (KWD million) -1072.00 680 680 680 680 680

Trade Actual Q3 Q4 Q1 Q2 2021
Balance of Trade (KWD Million) 1760.00 2558 2539 2512 2512 2411
Current Account to GDP (%) 8.90 -10 -10 -7.5 -7.5 -7.5
Crude Oil Production (BBL/D/1K) 2191.00 2600 2600 2700 2700 2700

Government Actual Q3 Q4 Q1 Q2 2021
Government Debt to GDP (%) 14.80 27 27 27 27 29
Government Budget (% of GDP) 11.40 4 4 2.5 2.5 2.5
Government Spending (KWD Million) 9623.50 9479 9864 9960 9912 10121

Taxes Actual Q3 Q4 Q1 Q2 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 19.5 19.5 19.5 19.5 19.5
Social Security Rate For Companies (%) 11.50 11.5 11.5 11.5 11.5 11.5
Social Security Rate For Employees (%) 8.00 8 8 8 8 8

Consumer Actual Q3 Q4 Q1 Q2 2021
Consumer Spending (KWD Million) 16642.90 16393 17059 17225 17142 17503
Bank Lending Rate (%) 4.82 4.82 4.82 4.82 4.82 4.82
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.