GDP in Kuwait
Kuwait - GDPThere was a dual economic panorama in Q1. On one hand, the energy sector was held back by OPEC-agreed oil cuts, with oil production down from Q4. On the other hand, the non-oil sector likely picked up some of the slack: Private-sector credit growth was robust in the first three months of the year, which bodes well for consumer spending and private investment, while real estate sales were solid in January and February. Moreover, the country ran a small fiscal surplus in the first 11 months of FY 2018, which ran from April 2018 to March 2019. Turning to the second quarter, Kuwait continued to over-comply with OPEC cuts in April, suggesting the oil sector will remain subdued. This comes after the economy lost steam in the fourth quarter of last year on the back of slowdowns in both the oil and non-oil sectors.
Kuwait - GDP Data
|Economic Growth (GDP, annual variation in %)||1.2||0.5||0.6||3.5||-2.9|
5 years of economic forecasts for more than 30 economic indicators.
Kuwait GDP Chart
Source: Central Bank of Kuwait.
|Exchange Rate||0.30||-0.05 %||Jun 20|
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