Kuwait Economic Statistics and Indicators

30, Jun 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

Economic Indicator Listing
  For Kuwait in year 2014 Indicator Value
GDP Growth (Constant Prices, National Currency) 1.389 %
GDP (Current Prices, National Currency)KWD 50.617 Billion.
GDP (Current Prices, US Dollars)US$ 179.332 Billion
GDP Deflator 122.224 (Index, Base Year as per country's accounts = 100)
GDP Per Capita (Constant Prices, National Currency)KWD 10,357.03 .
GDP Per Capita (Current Prices, National Currency)KWD 12,658.81 .
GDP Per Capita (Current Prices, US Dollars)US$ 44,849.64
GDP (PPP), US DollarsUS$ 283.862 Billion
GDP Per Capita (PPP), US DollarsUS$ 70,991.78
GDP Share of World Total (PPP) 0.265 %
Implied PPP Conversion Rate 0.178
Investment (% of GDP) 13.923 %
Gross National Savings (% of GDP) 54.76 %
Inflation, Average Consumer Prices (Indexed to Year 2000) 133.125 (Index, Base Year 2000 = 100)
Inflation (Average Consumer Price Change %) 3.026 %
Inflation, End of Year (Indexed to Year 2000) 135.377 (Index, Base Year 2000 = 100)
Inflation (End of Year Change %) 3.026 %
Import Volume of All Items Including Goods and Services (Percent Change) 7.007 %
Import Volumes of Goods Only (Percent Change) 7.007 %
Export Volume of All Items Including Goods and Services (Percent Change) -0.409 %
Export Volumes of Goods Only (Percent Change) -0.135 %
Unemployment Rate (% of Labour Force) 2.072 %
Population 3.999 Million
General government revenue (National Currency)KWD 37.247 Billions.
General government revenue (% of GDP) 73.587 %
General government total expenditure (National Currency)KWD 22.655 Billions.
General government total expenditure (% of GDP) 44.759 %
Total Government Net Lending/ Borrowing (National Currency)KWD 14.592 Billions.
Total Government Net Lending/ Borrowing (% of GDP) 28.829 %
Fiscal Year Gross Domestic Product, Current PricesKWD 50.617 Billions.
Current Account Balance (US Dollars)US$ 73.234 Billion
Current Account Balance (% GDP) 40.837 %
Economic Indicators for Kuwait 2014

GDP (Constant Prices, National Currency) for Kuwait in year 2014 is KWD 41.413 Billion.

GDP Growth (Constant Prices, National Currency) for Kuwait in year 2014 is 1.389 %.

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 .

GDP Share of World Total (PPP) for Kuwait in year 2014 is 0.265 %.

Implied PPP Conversion Rate for Kuwait in year 2014 is 0.178 .

Investment (% of GDP) for Kuwait in year 2014 is 13.923 %.

Gross National Savings (% of GDP) for Kuwait in year 2014 is 54.76 %.

Inflation, Average Consumer Prices (Indexed to Year 2000) for Kuwait in year 2014 is 133.125 (Index, Base Year 2000 = 100).

Inflation (Average Consumer Price Change %) for Kuwait in year 2014 is 3.026 %.

Inflation, End of Year (Indexed to Year 2000) for Kuwait in year 2014 is 135.377 (Index, Base Year 2000 = 100).

Inflation (End of Year Change %) for Kuwait in year 2014 is 3.026 %.

Import Volume of All Items Including Goods and Services (Percent Change) for Kuwait in year 2014 is 7.007 %.

Import Volumes of Goods Only (Percent Change) for Kuwait in year 2014 is 7.007 %.

Export Volume of All Items Including Goods and Services (Percent Change) for Kuwait in year 2014 is -0.409 %.

Export Volumes of Goods Only (Percent Change) for Kuwait in year 2014 is -0.135 %.

Unemployment Rate (% of Labour Force) for Kuwait in year 2014 is 2.072 %.

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 revenue (% of GDP) for Kuwait in year 2014 is 73.587 %.

General government total expenditure (National Currency) for Kuwait in year 2014 is KWD 22.655 Billions.

General government total expenditure (% of GDP) for Kuwait in year 2014 is 44.759 %.

Total Government Net Lending/ Borrowing (National Currency) for Kuwait in year 2014 is KWD 14.592 Billions.

Total Government Net Lending/ Borrowing (% of GDP) for Kuwait in year 2014 is 28.829 %.

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.

Current Account Balance (% GDP) for Kuwait in year 2014 is 40.837 %.

* Source: IMF
Aggregate Indicators for Kuwait
Indicators
  Geography (Location, geographic coordinates, map references, area, terrain, elevation extremes, borders, coastline and maritime claims) for Kuwait
  Climate and Environment (climate, environmental issues, environmental agreements, natural hazards) for Kuwait
  Natural Resources, Agricultural Products, Land Use and Water Use for Kuwait
  Nationality, Ethnic Groups, Languages and Religions for Kuwait
  Telephone Statistics: Number of Fixed Lines, Mobile Phone Penetration Rate for Kuwait
  Age Structure, Median Age, Gender and Urbanization for Kuwait
  Population Growth Rate, Birth Rate, Death Rate, Net Migration Rate for Kuwait
  Life Expectancy Rate, Infant Mortality Rate and Total Fertility Rate for Kuwait
  HIV, AIDS and Other Major Infectious Disease Rates for Kuwait
  Literacy Rate, Educational Expenditure and School Life Expectancy for Kuwait
  Gross Domestic Product (PPP, Official Exchange Rate, Real Growth Rate and Per Capita) for Kuwait
  Industries and Industrial Growth Production Rate for Kuwait
  Labor Force by Occupation for Kuwait
  Poverty Line, Gini Index, Household Income and Consumption for Kuwait
  National Budget and Public Debt for Kuwait
  Bank Rates (Commercial Bank Prime Lending Rate, Central Bank Discount Rate) for Kuwait
  Stock of Money, Stock of Quasi Money, Stock of Domestic Credit for Kuwait
  Stock Market Capitalization: Market Value of Publicly Traded Shares for Kuwait
  Trade Statistics, Export Statistics, Export Partners and Products, Import Statistics, Import Partners and Products for Kuwait
  Foreign Exchange Reserves and Gold Reserves for Kuwait
  FDI Statistics (Foreign Direct Investment at Home/ Inbound FDI, Foreign Direct Investment Abroad/ Outbound FDI) for Kuwait
  Exchange Rate Statistics for Kuwait
  Electricity Production, Electricity Consumption, Electricity Exports and Electricity Imports for Kuwait
  Oil Production, Proven Oil Reserves, Oil Consumption, Oil Exports and Oil Imports for Kuwait
  Natural Gas Production, Proven Natural Gas Reserves, Natural Gas Consumption, Natural Gas Exports and Natural Gas Imports for Kuwait
  Television and Radio Statistics (TV Stats, Radio Stats) for Kuwait
  Internet Statistics (Internet Users, Internet Hosts, Country TLD) for Kuwait
  Airport Statistics (Paved Runway Airports, Unpaved Runway Airports, Heliports) for Kuwait
  Transport Statistics (Railways, Roadways, Waterways, Ports and Terminals, Airports, Merchant Marine) for Kuwait
  Military Statistics (Military Expenditure, Military Branches, Service Age and Obligation, Manpower Available and Fit for Military Service) for Kuwait
  Disputes, Refugees, Human Trafficking and Illicit Drug Production for Kuwait
* Source: CIA
Internet Indicators for Kuwait
Indicators
  Number of Internet Users for Kuwait
  Internet Penetration Rate for Kuwait
  Number of Facebook Accounts for Kuwait
  Facebook Penetration Rate for Kuwait
* Source: IWS
Economic Freedom Indicators for Kuwait
Indicators
  Economic Freedom World Rank for Kuwait
  Economic Freedom Regional Ranking for Kuwait
  Business Freedom for Kuwait
  Trade Freedom for Kuwait
  Fiscal Freedom for Kuwait
  Government Spending for Kuwait
  Monetary Freedom for Kuwait
  Investment Freedom for Kuwait
  Financial Freedom for Kuwait
  Property Rights for Kuwait
  Freedom from Corruption for Kuwait
  Labor Freedom for Kuwait
  Tariff Rate for Kuwait
  Income Tax Rate for Kuwait
  Corporate Tax Rate for Kuwait
  Tax Burden % of GDP for Kuwait
  Government Expenditure % of GDP for Kuwait
* Source: HFO
Corruption Perceptions Index Rank and Score for Kuwait
Indicator
  Corruption Perceptions Index Rank and Score for Kuwait
* Source: TIO
Kuwait Economic Indicators in other Years
  Kuwait Economic Indicators for Year 2019 (Forecast)
  Kuwait Economic Indicators for Year 2018 (Forecast)
  Kuwait Economic Indicators for Year 2017 (Forecast)
  Kuwait Economic Indicators for Year 2016 (Forecast)
  Kuwait Economic Indicators for Year 2015 (Forecast)
Kuwait Economic Indicators for Year 2014 (Current)
  Kuwait Economic Indicators for Year 2013
  Kuwait Economic Indicators for Year 2012
  Kuwait Economic Indicators for Year 2011
  Kuwait Economic Indicators for Year 2010
  Kuwait Economic Indicators for Year 2009
  Kuwait Economic Indicators for Year 2008
  Kuwait Economic Indicators for Year 2007
  Kuwait Economic Indicators for Year 2006
  Kuwait Economic Indicators for Year 2005
  Kuwait Economic Indicators for Year 2004
  Kuwait Economic Indicators for Year 2003
  Kuwait Economic Indicators for Year 2002
  Kuwait Economic Indicators for Year 2001
  Kuwait Economic Indicators for Year 2000
  Kuwait Economic Indicators for Year 1999
  Kuwait Economic Indicators for Year 1998
  Kuwait Economic Indicators for Year 1997
  Kuwait Economic Indicators for Year 1996
  Kuwait Economic Indicators for Year 1995
  Kuwait Economic Indicators for Year 1994
  Kuwait Economic Indicators for Year 1993
  Kuwait Economic Indicators for Year 1992
  Kuwait Economic Indicators for Year 1991
  Kuwait Economic Indicators for Year 1990
  Kuwait Economic Indicators for Year 1989
  Kuwait Economic Indicators for Year 1988
  Kuwait Economic Indicators for Year 1987
  Kuwait Economic Indicators for Year 1986
  Kuwait Economic Indicators for Year 1985
  Kuwait Economic Indicators for Year 1984
  Kuwait Economic Indicators for Year 1983
  Kuwait Economic Indicators for Year 1982
  Kuwait Economic Indicators for Year 1981
  Kuwait Economic Indicators for Year 1980


Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook, Internet World Statistics, The Heritage Foundation and Transparency International