GDP in Kuwait

Kuwait GDP | Economic News & Forecasts

Kuwait - GDP

The Kuwaiti government earmarked USD 4.6 billion for infrastructure projects in Q1 alone, showcasing the government’s commitment to maintaining capital spending at healthy levels despite the downturn in the country’s oil sector. Although oil output declined substantially in the first quarter of the year on the back of OPEC-dictated cuts, higher crude prices are expected to provide some respite to the state coffers after double-digit fiscal deficits in the last two years. Unlike with capital spending, the government has repeatedly attempted to rein in the country’s enormous subsidy bill. Following months of political wrangling, a round of utility tariff increases is slated to finally come into force later this month.

Kuwait - GDP Data

2011  2012  2013  2014  2015  
Economic Growth (GDP, annual variation in %)9.6  6.6  1.2  0.5  1.9  

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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 Rate0.300.07 %May 10
Stock Market6,6560.86 %May 10

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