hosted by
funded by
Country Report Kuwait May 2011
PDF
HTMLData and charts: Annual data and forecast
| 2006a | 2007a | 2008a | 2009a | 2010b | 2011c | 2012c | |
| GDP | |||||||
| Nominal GDP (US$ m) | 101,550 | 114,627 | 148,013 | 109,481 | 127,517 | 153,555 | 150,548 |
| Nominal GDP (KD m) | 29,470 | 32,586 | 39,787 | 31,500 | 36,552 | 43,884 | 43,239 |
| Real GDP growth (%) | 5.2 | 4.4 | 8.5b | -4.6b | 2.7 | 4.4 | 5.4 |
| Expenditure on GDP (% real change) | |||||||
| Private consumption | 7.7 | 9.0 | 9.0b | -2.0b | 1.5 | 4.5 | 6.0 |
| Government consumption | 4.5 | 1.5 | 6.5b | -1.0b | 1.0 | 5.5 | 7.5 |
| Gross fixed investment | 21.0 | 24.4 | 15.0b | -3.0b | 2.0 | 8.0 | 12.0 |
| Exports of goods & services | 0.3 | 0.6 | 8.0b | -13.0b | 1.0 | 3.9 | 4.0 |
| Imports of goods & services | 4.7 | 29.5 | 7.0b | -8.4b | -2.0 | 6.5 | 10.0 |
| Origin of GDP (% real change) | |||||||
| Agriculture | -2.0 | -8.8 | 1.0b | 0.0b | 1.0 | 2.0 | 1.0 |
| Industry | 3.1 | -1.3 | 8.2b | -9.1b | 1.5 | 4.2 | 5.1 |
| Services | 7.9 | 11.2 | 8.8b | 0.0b | 3.8 | 4.6 | 5.5 |
| Population and income | |||||||
| Population (m) | 3.2 | 3.4 | 3.4 | 3.5 | 3.5 | 3.7 | 3.8 |
| GDP per head (US$ at PPP) | 37,729 | 37,952 | 41,706b | 39,595b | 40,427 | 41,346 | 42,591 |
| Fiscal indicators (% of GDP) | |||||||
| Public-sector revenue | 52.5 | 58.1 | 52.9 | 56.9 | 56.4 | 55.1 | 50.4 |
| Public-sector expenditure | 28.0 | 23.0 | 37.8 | 31.0 | 37.4 | 33.9 | 37.1 |
| Public-sector balance | 24.4 | 35.1 | 15.1 | 25.9 | 19.0 | 21.2 | 13.3 |
| Net public debt | 10.1 | 11.8 | 9.7 | 13.1 | 11.9 | 10.5 | 11.4 |
| Prices and financial indicators | |||||||
| Exchange rate KD:US$ (end-period) | 0.289 | 0.273 | 0.276 | 0.287 | 0.281a | 0.286 | 0.287 |
| Exchange rate KD:€ (end-period) | 0.382 | 0.399 | 0.384 | 0.411 | 0.381a | 0.377 | 0.365 |
| Consumer prices (end-period; %) | 3.6 | 7.5 | 9.0 | 2.1 | 6.0a | 5.7 | 4.7 |
| Stock of money M1 (% change) | -4.8 | 16.8 | 5.4 | 7.9 | 19.3a | 17.5 | 8.0 |
| Stock of money M2 (% change) | 21.7 | 19.1 | 15.8 | 13.4 | 3.0a | 5.1 | 7.2 |
| Lending interest rate (av; %) | 8.6 | 8.5 | 7.6 | 6.2 | 5.3 | 5.6 | 6.0 |
| Current account (US$ m) | |||||||
| Trade balance | 40,213 | 43,409 | 64,005 | 33,263 | 47,203 | 64,515 | 51,272 |
| Goods: exports fob | 56,453 | 62,526 | 86,944 | 50,344 | 65,974 | 86,920 | 76,686 |
| Goods: imports fob | -16,240 | -19,117 | -22,939 | -17,081 | -18,771 | -22,405 | -25,414 |
| Services balance | -2,194 | -3,175 | -3,816 | -2,250 | -2,791 | -4,617 | -5,938 |
| Income balance | 10,966 | 12,395 | 10,743 | 7,725 | 8,623 | 9,121 | 9,938 |
| Current transfers balance | -3,674 | -10,453 | -10,689 | -10,133 | -9,893 | -10,316 | -10,847 |
| Current-account balance | 45,311 | 42,176 | 60,243 | 28,605 | 43,141 | 58,703 | 44,426 |
| External debt (US$ m) | |||||||
| Debt stock | 31,145 | 57,736 | 60,608 | 55,231b | 54,542 | 56,870 | 59,634 |
| Debt service paid | 1,600b | 2,892b | 1,534b | 2,321b | 3,467 | 3,716 | 3,660 |
| Principal repayments | 96 | 37 | 69 | 1,701b | 2,887 | 3,086 | 2,978 |
| Interest | 1,505b | 2,855b | 1,464b | 620b | 580 | 630 | 682 |
| International reserves (US$ m) | |||||||
| Total international reserves | 12,676 | 16,776 | 17,228 | 20,378 | 21,362 | 23,648 | 26,683 |
| a Actual. b Economist Intelligence Unit estimates. c Economist Intelligence Unit forecasts. | |||||||
| Source: IMF, International Financial Statistics. | |||||||
Download the numbers in Excel
© 2011 The Economist lntelligence Unit Ltd. All rights reserved
Whilst every effort has been taken to verify the accuracy of this information, The Economist lntelligence Unit Ltd. cannot accept any responsibility or liability for reliance by any person on this information