GDP in Kuwait
Kuwait - GDPKuwait 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
|Economic Growth (GDP, annual variation in %)||9.6||6.6||1.2||-1.6||-|
5 years of economic forecasts for more than 30 economic indicators.
Note: Annual variation of gross domestic product (GDP) in %.
Kuwait GDP Chart
Source: Central Bank of Kuwait.
|Exchange Rate||0.31||-0.15 %||Feb 16|
|Stock Market||6,824||0.14 %||Feb 16|
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