GDP in Kuwait

Kuwait GDP | Economic News & Forecasts

Kuwait - GDP

The Kuwaiti economy accelerated in the third quarter of 2018 on the back of robust growth in the non-oil sector—thanks to the services and the agriculture sectors—and the oil sector, where increased production was accompanied by rising prices. The external sector has also continued to perform enviably through October. Exports increased over a third in the first 10 months with particularly strong growth in the July–September period, partly on the back of the strong rise in oil prices. Looking ahead, the sharp decline in oil prices since early October will weigh on growth in the final quarter of 2018 and beyond.

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

Exchange Rate0.30-0.05 %Jan 30

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