GDP in Kuwait
Kuwait - GDPKuwait is among the countries that are suffering the most from lower oil output and prices. The extension of the OPEC deal in May is expected to result in a contraction of Kuwait’s oil sector this year, which accounts for more than 55% of the country’s total output. The decline in the country’s hydrocarbon sector is weighing heavily on the economy and comes despite a favorable performance by the non-oil sector. Both government and private sector credit expanded in the January-to-April period and should, coupled with improved consumer confidence, provide a boost to private consumption this year.
Kuwait - GDP Data
|Economic Growth (GDP, annual variation in %)||6.6||1.2||0.5||1.9||-|
5 years of economic forecasts for more than 30 economic indicators.
Kuwait GDP Chart
Source: Central Bank of Kuwait.
|Exchange Rate||0.30||-0.12 %||Aug 17|
|Stock Market||6,886||0.46 %||Aug 17|
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