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Country Report Kuwait May 2011
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HTMLOutlook for 2011-15: Forecast summary
| Forecast summary | ||||||
| (% unless otherwise indicated) | ||||||
| 2010a | 2011b | 2012b | 2013b | 2014b | 2015b | |
| Real GDP growth | 2.7 | 4.4 | 5.4 | 5.3 | 5.3 | 4.7 |
| Oil production ('000 b/d) | 2,300c | 2,388 | 2,488 | 2,675 | 2,863 | 2,985 |
| Crude oil exports (US$ m) | 61,654 | 82,269 | 71,699 | 70,757 | 72,949 | 76,596 |
| Consumer price inflation (av) | 4.0c | 6.5 | 4.9 | 4.4 | 4.0 | 3.8 |
| Short-term interbank rate | 1.0 | 1.3 | 1.4 | 2.2 | 2.6 | 3.1 |
| Government balance (% of GDP)d | 19.0 | 21.2 | 13.3 | 10.6 | 9.5 | 7.8 |
| Exports of goods fob (US$ m) | 65,974 | 86,920 | 76,686 | 76,032 | 78,534 | 82,489 |
| Imports of goods fob (US$ m) | -18,771 | -22,405 | -25,414 | -27,794 | -30,204 | -32,459 |
| Current-account balance (US$ m) | 43,141 | 58,703 | 44,426 | 40,861 | 40,692 | 42,403 |
| Current-account balance (% of GDP) | 33.8 | 38.2 | 29.5 | 25.8 | 24.0 | 23.2 |
| External debt (end-period; US$ bn) | 54.5 | 56.9 | 59.6 | 60.9 | 62.8 | 65.2 |
| Exchange rate KD:US$ (av) | 0.287c | 0.286 | 0.287 | 0.288 | 0.289 | 0.291 |
| Exchange rate KD:US$ (end-period) | 0.281c | 0.286 | 0.287 | 0.288 | 0.289 | 0.291 |
| Exchange rate KD:¥100 (av) | 0.326c | 0.350 | 0.355 | 0.356 | 0.352 | 0.348 |
| Exchange rate KD:€ (end-period) | 0.381c | 0.377 | 0.365 | 0.349 | 0.360 | 0.375 |
| a Economist Intelligence Unit estimates. b Economist Intelligence Unit forecasts. c Actual. d Fiscal years (April 1st-March 31st). | ||||||
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