Markets Actual Q1 Q2 Q3 Q4 2022
Stock Market (points) 4692.88 5550 5453 5358 5264 5076
Currency 0.30 0.31 0.31 0.3 0.3 0.3

Overview Actual Q1 Q2 Q3 Q4 2022
GDP Annual Growth Rate (%) -8.00 3.5 3 3 2.6 2.6
Unemployment Rate (%) 2.17 2.5 2.5 2.5 2.5 2.4
Inflation Rate (%) 2.95 2.9 1.7 1.9 2 2.5
Interest Rate (%) 1.50 1.5 1.5 1.5 1.5 1.5
Balance of Trade (KWD Million) 90.10 2558 2539 2512 2312 2411
Current Account to GDP (%) 8.90 -7.5 -7.5 -7.5 -7.5 -3.5
Government Debt to GDP (%) 11.80 27 27 27 29 32
Government Budget (% of GDP) 4.70 2.5 2.5 2.5 2.5 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 2022
GDP Annual Growth Rate (%) -8.00 3.5 3 3 2.6 2.6
GDP (USD Billion) 134.76 135 135 135 135 144
GDP Constant Prices (KWD Million) 9745.90 9548 10347 10297 10966 9796
Gross Fixed Capital Formation (KWD Million) 10706.10 10224 11081 11027 11642 10490
GDP per capita (USD) 32697.33 32000 32000 32000 32000 33000
GDP per capita PPP (USD) 49846.10 47000 47000 47000 47000 51000
GDP Growth Rate (%) -2.50 0.5 1.5 1 1 1

Labour Actual Q1 Q2 Q3 Q4 2022
Unemployment Rate (%) 2.17 2.5 2.5 2.5 2.5 2.4
Population (Million) 4.20 6.1 6.1 6.1 6.1 6.6

Prices Actual Q1 Q2 Q3 Q4 2022
Inflation Rate (%) 2.95 2.9 1.7 1.9 2 2.5
Producer Prices (points) 138.10 135 135 135 135 135
Consumer Price Index CPI (points) 118.60 119 118 120 121 124
CPI Transportation (points) 129.90 129 128 132 132 135
Food Inflation (%) 9.81 6.5 4 3 3 3

Money Actual Q1 Q2 Q3 Q4 2022
Interest Rate (%) 1.50 1.5 1.5 1.5 1.5 1.5
Interbank Rate (%) 1.56 1.56 1.56 1.56 1.81 1.81
Money Supply M2 (KWD Million) 39566.60 43344 44634 45925 47215 52376
Deposit Interest Rate (%) 1.90 1.6 1.9 1.9 1.85 1.85
Loan Growth (%) 3.59 3.3 2.1 3.5 3.5 4.8
Reverse Repo Rate (%) 0.88 1 1 1 1 1
Foreign Exchange Reserves (KWD million) 800.00 680 680 680 680 680

Trade Actual Q1 Q2 Q3 Q4 2022
Balance of Trade (KWD Million) 90.10 2558 2539 2512 2312 2411
Current Account to GDP (%) 8.90 -7.5 -7.5 -7.5 -7.5 -3.5
Crude Oil Production (BBL/D/1K) 2325.00 2700 2700 2700 2700 2800

Government Actual Q1 Q2 Q3 Q4 2022
Government Debt to GDP (%) 11.80 27 27 27 29 32
Government Budget (% of GDP) 4.70 2.5 2.5 2.5 2.5 1.5
Government Spending (KWD Million) 9623.50 9190 9960 9912 10066 9429

Taxes Actual Q1 Q2 Q3 Q4 2022
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 22 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 10.5 10.5

Consumer Actual Q1 Q2 Q3 Q4 2022
Consumer Spending (KWD Million) 16642.90 15894 17225 17142 17405 16307
Bank Lending Rate (%) 4.04 4.82 4.76 4.76 5.07 5.07
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.