The Gross Domestic Product (GDP) in Kuwait contracted 1.10 percent in the fourth quarter of 2019 over the same quarter of the previous year.
GDP Annual Growth Rate in Kuwait averaged 3.05 percent from 1963 until 2019, reaching an all time high of 33.99 percent in the fourth quarter of 1993 and a record low of -20.62 percent in the fourth quarter of 1980. This page provides - Kuwait GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Kuwait GDP Annual Growth Rate - values, historical data and charts - was last updated on July of 2020.
GDP Annual Growth Rate in Kuwait is expected to be -3.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Kuwait to stand at 3.50 in 12 months time. In the long-term, the Kuwait GDP Annual Growth Rate is projected to trend around 2.60 percent in 2021, according to our econometric models.