GDP in Kuwait
Kuwait - GDPThe 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
|Economic Growth (GDP, annual variation in %)||9.6||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||0.07 %||May 10|
|Stock Market||6,656||0.86 %||May 10|
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