Markets Actual Q3 Q4 Q1 Q2 2022
Stock Market (points) 6402.38 5974 5330 5143 4772 4031
Currency 0.30 0.31 0.24 0.3 0.3 0.3

Overview Actual Q3 Q4 Q1 Q2 2022
GDP Annual Growth Rate (%) -11.20 12 10 8 12 5
Unemployment Rate (%) 2.30 2.5 2.5 2.4 2.4 2.4
Inflation Rate (%) 3.10 3.5 3.2 3.2 3 2.5
Interest Rate (%) 1.50 1.5 1.5 1.5 1.5 1.5
Balance of Trade (KWD Million) 838.10 2558 2548 2512 2512 2411
Current Account to GDP (% of GDP) 0.80 -7.5 -7.5 -7.5 -7.5 -3.5
Government Debt to GDP (% of GDP) 11.50 27 29 29 29 32
Government Budget (% of GDP) -9.40 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 Q3 Q4 Q1 Q2 2022
GDP Annual Growth Rate (%) -11.20 12 10 8 12 5
GDP (USD Billion) 136.20 135 135 135 135 144
GDP Constant Prices (KWD Million) 9011.40 8835 10966 9913 9732 10408
Gross Fixed Capital Formation (KWD Million) 10344.90 10655 11642 11379 11172 11948
GDP per capita (USD) 32702.25 32000 32000 32000 32000 33000
GDP per capita PPP (USD) 49853.74 47000 47000 47000 47000 51000
GDP Growth Rate (%) 4.70 1 1 1 1 1

Labour Actual Q3 Q4 Q1 Q2 2022
Unemployment Rate (%) 2.30 2.5 2.5 2.4 2.4 2.4
Population (Million) 4.27 6.1 6.1 6.1 6.1 6.6

Prices Actual Q3 Q4 Q1 Q2 2022
Inflation Rate (%) 3.10 3.5 3.2 3.2 3 2.5
Producer Prices (points) 139.00 135 135 135 135 135
Consumer Price Index CPI (points) 119.00 121 122 123 123 125
CPI Transportation (points) 125.40 134 134 135 129 137
Food Inflation (%) 10.75 4 4 2.5 2.5 3

Money Actual Q3 Q4 Q1 Q2 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 1.56 1.56
Money Supply M2 (KWD Million) 38465.30 40155 40527 40898 41135 42137
Deposit Interest Rate (%) 1.90 1.9 1.85 1.9 1.9 1.9
Loan Growth (%) 2.94 3.5 3.5 2.8 2.8 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 Q3 Q4 Q1 Q2 2022
Balance of Trade (KWD Million) 838.10 2558 2548 2512 2512 2411
Current Account to GDP (% of GDP) 0.80 -7.5 -7.5 -7.5 -7.5 -3.5
Crude Oil Production (BBL/D/1K) 2384.00 2700 2700 2700 2700 2800

Government Actual Q3 Q4 Q1 Q2 2022
Government Debt to GDP (% of GDP) 11.50 27 29 29 29 32
Government Budget (% of GDP) -9.40 2.5 2.5 2.5 2.5 1.5
Government Spending (KWD Million) 10429.00 10742 10066 11472 11263 12045

Taxes Actual Q3 Q4 Q1 Q2 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 (%) 22.00 22 22 22 22 22
Social Security Rate For Companies (%) 11.50 11.5 11.5 11.5 11.5 11.5
Social Security Rate For Employees (%) 10.50 10.5 10.5 10.5 10.5 10.5

Consumer Actual Q3 Q4 Q1 Q2 2022
Consumer Spending (KWD Million) 17100.40 17613 17405 18810 18468 19751
Bank Lending Rate (%) 3.93 3.93 3.93 3.93 3.93 3.93
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.