Source
Central bank

Central Bank of Kuwait

International Reserves

USD 28.4 billion (2015)

International Monetary Fund (IMF), data retrieved January 2017

Gross Domestic Product - GDP

USD 124.9 billion (2017, estimate)

GDP (Purchasing Power Parity)

Intl$ 315.6 billion (2017, estimate)

Real GDP growth
2006 2007 2008 2009 2010 2011 2012
7.5% 6% 2.5% -7.1% -2.4% 10.9% 7.9%
2013 2014 2015* 2016* 2017*    
0.4% 0.6% 1.1% 2.5% 2.6%    

*Estimate

GDP per capita - current prices

USD 28,756.2 (2017, estimate)

GDP per capita - PPP

Intl$ 72,675.4 (2017, estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2017*
0.36% 0.20% 0.23% 0.25% 0.3%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 0.4% 
  • industry: 59.6% 
  • services: 40%

(2016 estimate)

Gross domestic expenditure on R&D; (% of GDP)

N/A

Inflation
2013 2014 2015 2016* 2017*
2.7% 2.9% 3.2% 3.4% 3.8%

*Estimate

Unemployment rate
2013 2014 2015 2016* 2017*
2.1% 2.1% 2.1% 2.1% 2.1%

*Estimate

Household saving rates

N/A

Public debt (General government gross debt as a % of GDP)
2013 2014 2015* 2016* 2017*
6.5% 7.5% 11.2% 18.3% 22.4%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2013 2014 2015* 2016* 2017*
34.3% 28.1% 1.7% -3.5% 3.2%

*Estimate

Government bond ratings

Standard & Poor's: AA

Moody's: Aa2

Standard & Poor's / Moody's (Updated January 2017)

Market value of publicly traded shares
2013 2014 2015
N/A N/A N/A
Largest companies

National Bank of Kuwait, Kuwait Finance House, Kuwait Projects, Zain.

 
 
Source
Current account balance

USD 10.4 billion (2017 estimate)

Current account balance by percentage of GDP

8.4% (2017 estimate)

Exports as percent of GDP (Exports of goods and services)

54.4% (2015)

Shares in world total merchandising export

0.3% (2015)

Shares in world total commercial services export

0.1% (2015)

Total exports

USD 43.8 billion (2016 estimate)

Export commodities

Oil and refined products, fertilizers

Total imports

USD 28.3 billion (2016 estimate)

 
 
Source
Import commodities

Food, construction materials, vehicles and parts, clothing

Exports - major partners

South Korea 14.5%, China 12.1%, India 12.1%, Japan 10.4%, US 7.6%, Pakistan 5.9%, Singapore 4.3% (2015)

Imports - major partners

China 13.2%, US 9.6%, Saudi Arabia 7.7%, Japan 6.5%, Germany 5.1%, France 4.3%, India 4.2% (2015)

FDI inflows
2013 2014 2015
USD 1,434 million USD 953 million USD 293 million
FDI outflows
2013 2014 2015
USD 16,648 million USD -10,468 million USD 5,407 million
Value of cross-border M&A, by country of purchaser
2012 2013 2014 2015
USD 375.5 million USD 258.1 million USD 1414.1 million USD 731.4 million
Cross-border M&A deals worth over $3 billion completed in 2014

N/A

Cross-border M&A deals worth over $3 billion completed in 2015

N/A

Best countries for doing business

Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 102 out of 190 countries (2017)

Subcategories:

Starting a business: 173 out of 190 countries

Enforcing Contracts: 66 out of 190 countries

Registering Property: 67 out of 190 countries

Getting Credit: 118 out of 190 countries

Protecting Minority Investors: 81 out of 190 countries

Trading Across Borders: 157 out of 190 countries

Paying Taxes: 6 out of 190 countries

Dealing with Construction Permits: 144 out of 190 countries

Getting Electricity: 115 out of 190 countries

Resolving Insolvency: 108 out of 190 countries

Global competitiveness ranking

38 out of 138 countries

(2016-2017)

Index of Economic Freedom

Ranking: 74 / Score: 62.69 (Moderately free) (2016)

(100=totally free 0=totally repressed)

 
 
Source
Time zone

UTC+3

Total area

17,818 sq km

Capital

Kuwait City

Currency

Kuwaiti dinars (KD)

Government type

constitutional emirate

Languages

Arabic (official), English widely spoken

Religions

Muslim (official) 76.7%, Christian 17.3%, other and unspecified 5.9%

Total population
1990 2000 2010 2014* 2019**
2.13 million 2.217 million 3.582 million 3.999 million 4.588 million

*Estimate    **Forecast

 
 
Source
Urban population as % of total population
1960 1980 2000 2013
74.9% 95% 98% 98%
Population median age

28.9 years (est. 2014)

Population growth rate

1.7% (2014 est.)

Life expectancy

77.64 years  (2014 est.)

Adult literacy

 93.9% (2008 estimate)

% of population living on less than $2 a day

N/A

Inequality of wealth distribution (Gini index)

N/A

 

Freedom House rating

Political Rights: 5
Civil Liberties: 5 (2014)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

Fixed 15.1%   Mobile 190.3% (2013)
(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

75.46% (2013)

Cost of living - Mercer index(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

Kuwait City 147th (2014)

CO2 emissions(Metric tons of CO2 per capita)

31.3 (2010)

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