Kuwait has a geographically small, but wealthy, relatively open economy with crude oil reserves of about 102 billion barrels - more than 6% of world reserves. Kuwaiti officials plan to increase production to 4 million barrels of oil equivalent per day by 2020. Petroleum accounts for over half of GDP, 92% of export revenues, and 90% of government income. In 2015, Kuwait, for the first time in 15 years, realized a budget deficit after decades of high oil prices; in 2016, the deficit grew to 16.5% of GDP. Kuwaiti authorities announced cuts to fuel subsidies in August 2016, provoking...
| GDP | Reference | Last | Previous | Units | Frequency |
|---|---|---|---|---|---|
| Real Private Consumption | 2019 | 13,509 | 13,208 | Mil. 2010 KWD | Annual |
| Government Consumption | 2019 | 10,429 | 9,620 | Mil. KWD | Annual |
| Real Government Consumption | 2019 | 8,467 | 7,863 | Mil. 2010 KWD | Annual |
| Private Consumption | 2019 | 17,100 | 16,593 | Mil. KWD | Annual |
| Real Investment | 2019 | 8,976 | 9,212 | Mil. 2010 KWD | Annual |
| Nominal Gross Domestic Product | 2019 | 41,349 | 41,731 | Mil. KWD | Annual |
| Real Gross Domestic Product | 2019 | 39,504 | 39,723 | Mil. 2010 KWD | Annual |
| Investment | 2019 | 10,344 | 10,561 | Mil. KWD | Annual |
| Nominal Fixed Investment (gross fixed capital formation) | 2009 | 5,479,000,000 | 6,985,000,000 | NCU | Annual |
| Price | Reference | Last | Previous | Units | Frequency |
| Consumer Price Index (CPI) | Sep 2024 | 134.3 | 134.1 | Index 2013=100, NSA | Monthly |
| Wholesale Price Index | Jun 2024 | 149.2 | 149 | Index 2007=100, NSA | Monthly |
| Producer Price Index (PPI) | Mar 2017 | 120.99 | 120.9 | Index 2005=100 | Monthly |
| Labor | Reference | Last | Previous | Units | Frequency |
| Agriculture Employment | 2017 | 79,308 | 77,550 | # | Annual |
| Trade | Reference | Last | Previous | Units | Frequency |
| Imports of Goods | 2024 Q2 | 2,685 | 2,852 | Mil. KWD, NSA | Quarterly |
| Exports of Goods | 2024 Q2 | 5,934 | 6,052 | Mil. KWD, NSA | Quarterly |
| Balance of Goods | 2024 Q2 | 3,249 | 3,200 | Mil. KWD, NSA | Quarterly |
| Current Account Balance | 2023 | 15,791 | 19,327 | Mil. KWD, NSA | Annual |
| Real Exports of Goods and Services | 2019 | 22,905 | 25,464 | Mil. 2010 KWD | Annual |
| Exports of Goods and Services | 2019 | 22,036 | 23,993 | Mil. KWD | Annual |
| Real Imports of Goods and Services | 2019 | 14,355 | 16,025 | Mil. 2010 KWD | Annual |
| Imports of Goods and Services | 2019 | 18,561 | 19,037 | Mil. KWD | Annual |
| Real Net Exports | 2017 | 9,854 | 12,384 | Mil. 2010 KWD | Annual |
| Net Exports | 2017 | 843.3 | -295.3 | Mil. KWD | Annual |
| Government | Reference | Last | Previous | Units | Frequency |
| Outstanding Public Debt | Jun 2016 | 1,737 | 1,587 | Mil. KWD, NSA | Monthly |
| Government Budget Balance | Dec 2015 | -431.9 | 86 | Mil. KWD, NSA | Monthly |
| Government Revenues | Dec 2015 | 961 | 996.7 | Mil. KWD, NSA | Monthly |
| Government Expenditures | Dec 2015 | 1,392 | 910.7 | Mil. KWD, NSA | Monthly |
| Markets | Reference | Last | Previous | Units | Frequency |
| Money Market Rate | 26 Nov 2024 | 3.94 | 3.94 | %, NSA | Daily |
| Lending Rate | Oct 2024 | 4 | 4 | %, NSA | Monthly |
| Average Long-term Government Bond | May 2016 | 2 | 2.25 | %, NSA | Monthly |
| Treasury Bills (over 31 days) | Apr 2012 | 0.76 | %, NSA | Monthly | |
| Business | Reference | Last | Previous | Units | Frequency |
| Real Change in Inventories | 2019 | 0 | 0 | KWD | Annual |
| Change in Inventories | 2005 | 425.2 | 562.1 | Mil. KWD | Annual |
| Demographics | Reference | Last | Previous | Units | Frequency |
| Population | 2023 | 4,860 | 4,737 | Ths. persons, NSA | Annual |
| Net Migration | 2017 | 100,000 | # | Annual | |
| Death Rate | 2016 | 2.74 | 2.68 | # per Ths. pop. | Annual |
| Birth Rate | 2016 | 16.42 | 16.87 | # per Ths. pop. | Annual |