Inflation in Kuwait

Kuwait Inflation | Economic News & Forecasts

Kuwait - Inflation

The economy gained steam in Q1 according to recent data, with growth clocking 2.6% year-on-year. Although the oil sector expanded slowly, constrained by OPEC+ production cuts, the non-oil sector picked up amid strong showings from the manufacturing, and hotels and restaurant subsectors. That said, non-oil performance was flattered by a change to the adjustment used to calculate GDP, and underlying momentum was softer. The economic picture appeared broadly unchanged in Q2; oil output was subdued, while the non-oil sector should have supported the economy. Private-sector credit growth was brisk in April and May, amid higher lending to firms and households. In politics, parliament approved the mildly expansionary 2019/20 budget in early July, with spending unchanged from the draft budget at KWD 22.5 billion, but revenue estimates revised down slightly.

Kuwait - Inflation Data

2013  2014  2015  2016  2017  
Inflation Rate (CPI, annual variation in %)2.7  2.9  3.3  3.0  1.5  

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Kuwait Facts

Exchange Rate0.30-0.05 %Jul 31

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