Kuwait Economic Statistics and Indicators
24, May 2015, EDT. Welcome to the Kuwait economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.
Economic Indicators For: Kuwait › Change country
National or Regional Currency: Kuwaiti Dinar, KWD
Year of data: 2014 › Change year
Number of Indicators Listed: 34
Full Dataset: From Year 1980 to 2019
Date of Last Update: 17th March 2015
Population: 2742711 ; note: Kuwait's Public Authority for Civil Information estimates the country's total population to be 3,996,899 for 2014, with immigrants accounting for almost 69% (July 2014 est.)
Area: total: 17,818 sq km ; land: 17,818 sq km ; water: 0 sq km
Natural Resources: petroleum, fish, shrimp, natural gas
Capital: name: Kuwait City ; geographic coordinates: 29 22 N, 47 58 E ; time difference: UTC+3 (8 hours ahead of Washington, DC,during Standard Time)
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. Petroleum accounts for nearly half of GDP, 95% of export revenues, and 95% of government income. Kuwaiti officials have committed to increasing oil production to 4 million barrels per day by 2020. Budget surpluses have stayed around 30% of GDP, which has led to higher budget expenditures, particularly wage hikes for many public sector employees, as well as increased allotments to Kuwait’s Future Generations Fund. Kuwait has done little to diversify its economy, in part, because of this positive fiscal situation, and, in part, due to the poor business climate and the historically acrimonious relationship between the National Assembly and the executive branch, which has stymied most movement on economic reforms. In 2010, Kuwait passed an economic development plan that pledges to spend up to $130 billion over five years to diversify the economy away from oil, attract more investment, and boost private sector participation in the economy, though much of these funds have yet to be allocated.
More on the Kuwait Economy
More on the Kuwait Export, Import and Trade
GDP (Constant Prices, National Currency) for Kuwait in year 2014 is KWD 41.413 Billion.
GDP (Current Prices, National Currency) for Kuwait in year 2014 is KWD 50.617 Billion.
GDP (Current Prices, US Dollars) for Kuwait in year 2014 is US$ 179.332 Billion.
GDP Deflator for Kuwait in year 2014 is 122.224 (Index, Base Year as per country's accounts = 100).
GDP Per Capita (Constant Prices, National Currency) for Kuwait in year 2014 is KWD 10,357.03 .
GDP Per Capita (Current Prices, National Currency) for Kuwait in year 2014 is KWD 12,658.81 .
GDP Per Capita (Current Prices, US Dollars) for Kuwait in year 2014 is US$ 44,849.64 .
GDP (PPP), US Dollars for Kuwait in year 2014 is US$ 283.862 Billion.
GDP Per Capita (PPP), US Dollars for Kuwait in year 2014 is US$ 70,991.78 .
Investment (% of GDP) for Kuwait in year 2014 is 13.923 %.
Inflation, Average Consumer Prices (Indexed to Year 2000) for Kuwait in year 2014 is 133.125 (Index, Base Year 2000 = 100).
Inflation, End of Year (Indexed to Year 2000) for Kuwait in year 2014 is 135.377 (Index, Base Year 2000 = 100).
Population for Kuwait in year 2014 is 3.999 Million .
General government revenue (National Currency) for Kuwait in year 2014 is KWD 37.247 Billions.
General government total expenditure (National Currency) for Kuwait in year 2014 is KWD 22.655 Billions.
Total Government Net Lending/ Borrowing (National Currency) for Kuwait in year 2014 is KWD 14.592 Billions.
Fiscal Year Gross Domestic Product, Current Prices for Kuwait in year 2014 is KWD 50.617 Billions.
Current Account Balance (US Dollars) for Kuwait in year 2014 is US$ 73.234 Billion.
|Number of Internet Users for Kuwait|
|Internet Penetration Rate for Kuwait|
|Number of Facebook Accounts for Kuwait|
|Facebook Penetration Rate for Kuwait|
|Corruption Perceptions Index Rank and Score for Kuwait|
Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook, Internet World Statistics, The Heritage Foundation and Transparency International