GDP in Kuwait

Kuwait GDP | Economic News & Forecasts

Kuwait - GDP

On 18 January, S&P confirmed the country’s AA rating with a stable outlook on the back of solid government finances. Particularly, the country’s large foreign exchange reverses should somewhat shield Kuwait from external shocks. However, its over-reliance on oil makes the country susceptible to external shocks. On 28 January, the IMF also underscored improved fiscal and external metrics and the need to diversify the economy in its annual Article VI statement. Meanwhile, the economy likely experienced some pain closing out 2018 due to a significant drop in oil prices and output, capping off a year of underwhelming growth. Still relatively low oil prices should leave a mark opening the new year.

Kuwait - GDP Data

2013  2014  2015  2016  2017  
Economic Growth (GDP, annual variation in %)1.2  0.5  0.6  3.5  -2.9  

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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

ValueChangeDate
Exchange Rate0.30-0.05 %Feb 14

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