Unemployment in Kuwait

Kuwait Unemployment | Economic News & Forecasts

Kuwait - Unemployment

There was a dual economic picture in the first quarter of the year. While the energy sector was likely held back by OPEC-agreed oil cuts, as reflected by falling oil production, the non-oil sector likely performed fairly well. Private-sector credit growth was brisk in January and February, which should have buoyed household spending despite a drop-off in consumer confidence in recent months. Moreover, recent data regarding government finances is encouraging; in the first 11 months of FY 2018 (April 2018-February 2019), the country recorded a small fiscal surplus. 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 - Unemployment Data

2013  2014  2015  2016  2017  
Unemployment Rate2.6  2.9  2.2  2.1  2.1  

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Kuwait Unemployment Chart

Kuwait Unemployment
Note: Unemployment in % of active population.
Source: Central Statistical Bureau.

Kuwait Facts

Exchange Rate0.30-0.05 %May 13

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