The Gross Domestic Product (GDP) in Kuwait contracted 1.90 percent in the first quarter of 2019 over the previous quarter. GDP Growth Rate in Kuwait averaged 0.65 percent from 2010 until 2019, reaching an all time high of 13.50 percent in the fourth quarter of 2010 and a record low of -5.10 percent in the third quarter of 2010.
GDP Growth Rate in Kuwait is expected to be -1.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Kuwait to stand at 2.70 in 12 months time. In the long-term, the Kuwait GDP Growth Rate is projected to trend around 2.50 percent in 2020, according to our econometric models.