GDP in Kuwait

Kuwait GDP | Economic News & Forecasts

Kuwait - GDP

The Kuwaiti Parliament is currently examining legislation that would scrap the subsidy cuts introduced last year in an effort to rein in the country’s large fiscal deficit. The move is at odds with region-wide efforts to end the era of generous subsidies, which had been predicated on high oil prices, and prepare for a post-oil future. Should the measure pass—the government has vowed to fight the move—it would become difficult for the government to deliver on the USD 6 billion reduction in the country’s fiscal deficit foreseen in its recently passed budget for FY2017/18. As part of the government’s efforts to bring its public finances under control, the cabinet instructed the Ministry of Finance to implement an expenditure ceiling.

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

Exchange Rate0.300.03 %Mar 28
Stock Market7,0520.28 %Mar 28

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