GDP in Kuwait

Kuwait GDP | Economic News & Forecasts

Kuwait - GDP

Kuwait is more than fulfilling its pledge to reduce output in accordance with the OPEC agreement, after Kuwaiti officials announced in mid-January that the country had cut production by even more than its original commitment. On the premise that OPEC members will comply with the cut, the recently approved budget for FY 2017/18—starting on 1 April—foresees the rally in crude prices boosting the country’s oil-related revenues by more than a third. This would facilitate the government’s efforts to reduce Kuwait’s substantial fiscal deficit, with the country expecting to record a budget shortfall for the third year running.

Kuwait - GDP Data

2011  2012  2013  2014  2015  
Economic Growth (GDP, annual variation in %)9.6  6.6  1.2  -1.6  -     

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Kuwait GDP Chart


Kuwait GDP
Note: Annual variation of gross domestic product (GDP) in %.
Source: Central Bank of Kuwait.

Kuwait Facts

ValueChangeDate
Exchange Rate0.31-0.15 %Feb 16
Stock Market6,8240.14 %Feb 16

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