GDP in Kuwait
Kuwait - GDPThe 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
|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.
Kuwait GDP Chart
Source: Central Bank of Kuwait.
|Exchange Rate||0.30||0.03 %||Mar 28|
|Stock Market||7,052||0.28 %||Mar 28|
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