GDP in Kuwait

Kuwait GDP | Economic News & Forecasts

Kuwait - GDP

Kuwait is among the countries that are suffering the most from lower oil output and prices. The extension of the OPEC deal in May is expected to result in a contraction of Kuwait’s oil sector this year, which accounts for more than 55% of the country’s total output. The decline in the country’s hydrocarbon sector is weighing heavily on the economy and comes despite a favorable performance by the non-oil sector. Both government and private sector credit expanded in the January-to-April period and should, coupled with improved consumer confidence, provide a boost to private consumption this year.

Kuwait - GDP Data

2012  2013  2014  2015  2016  
Economic Growth (GDP, annual variation in %)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

Exchange Rate0.30-0.12 %Aug 17
Stock Market6,8860.46 %Aug 17

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