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Kuwait
Kuwait
HistorySaid – pattern
Kuwait matched the Export Boom Cycle pattern in 2012. 8 pattern matches detected historically. View →
HistorySaid – ranking
Kuwait ranks 132nd globally by GDP ($160.2B in 2024). View →
HistorySaid – inflation
Inflation in Kuwait fell from 3.6% (2023) to 2.9% (2024) – a 0.7pp shift. View →
HistorySaid – population
Kuwait has a population of 4.9 million as of 2024 (growth: 0.90%). View →
Economy & Growth
GDP $160.2B
GDP per Capita $32,718
GDP Growth -2.56%
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|
| Agriculture Value Added | 0.40% | 0.47% | 0.49% | 0.46% Trend | 0.46% Trend | 0.46% Trend | – | – | – |
| GDP | $183.5B | $165.4B | $160.2B | $157.5B IMF WEO Oct 2025 | $162.9B IMF WEO Oct 2025 | $169.2B IMF WEO Oct 2025 | $176.1B IMF WEO Oct 2025 | $183.1B IMF WEO Oct 2025 | $190.2B IMF WEO Oct 2025 |
| GDP Deflator | 17.63% | -8.07% | -0.73% | 2.55% Trend | 1.94% Trend | 1.34% Trend | – | – | – |
| GDP Growth | 6.76% | -1.67% | -2.56% | 2.57% IMF WEO Oct 2025 | 3.93% IMF WEO Oct 2025 | 2.31% IMF WEO Oct 2025 | 2.27% IMF WEO Oct 2025 | 2.24% IMF WEO Oct 2025 | 2.28% IMF WEO Oct 2025 |
| GDP PPP | $252.6B | $257.4B | $256.8B | $270.2B IMF WEO Oct 2025 | $285.9B IMF WEO Oct 2025 | $297.4B IMF WEO Oct 2025 | $309.1B IMF WEO Oct 2025 | $321.5B IMF WEO Oct 2025 | $335.0B IMF WEO Oct 2025 |
| GDP per Capita | $39,982 | $34,076 | $32,718 | $30,805 IMF WEO Oct 2025 | $31,242 IMF WEO Oct 2025 | $31,809 IMF WEO Oct 2025 | $32,460 IMF WEO Oct 2025 | $33,091 IMF WEO Oct 2025 | $33,696 IMF WEO Oct 2025 |
| GDP per Capita PPP | $55,043 | $53,025 | $52,444 | $52,866 IMF WEO Oct 2025 | $54,833 IMF WEO Oct 2025 | $55,920 IMF WEO Oct 2025 | $56,977 IMF WEO Oct 2025 | $58,110 IMF WEO Oct 2025 | $59,362 IMF WEO Oct 2025 |
| GNI | $209.5B | $197.7B | $193.3B | $227.2B Trend | $242.9B Trend | $258.6B Trend | – | – | – |
| GNI per Capita | $39,120 | $42,030 | $40,770 | $44,596 Trend | $46,724 Trend | $48,852 Trend | – | – | – |
| Gross Savings | 50.94% | 48.80% | – | 50.54% IMF WEO Oct 2025 | 49.05% IMF WEO Oct 2025 | 48.01% IMF WEO Oct 2025 | 47.20% IMF WEO Oct 2025 | 46.33% IMF WEO Oct 2025 | 45.32% IMF WEO Oct 2025 |
| Industry Value Added | 65.77% | 60.29% | 57.13% | 63.79% Trend | 65.72% Trend | 67.65% Trend | – | – | – |
| Services Value Added | 44.82% | 52.07% | 55.85% | 47.55% Trend | 45.19% Trend | 42.82% Trend | – | – | – |
Italic values are IMF World Economic Outlook projections.
Prices & Inflation
Inflation Rate 2.90%
Consumer Price Index 148.25
PPP Conversion Factor 0.19
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|
| Consumer Price Index | 139.01 | 144.07 | 148.25 | 153.36 Trend | 158.20 Trend | 163.03 Trend | – | – | – |
| Inflation Rate | 3.98% | 3.64% | 2.90% | 2.18% IMF WEO Oct 2025 | 2.23% IMF WEO Oct 2025 | 2.14% IMF WEO Oct 2025 | 1.94% IMF WEO Oct 2025 | 1.80% IMF WEO Oct 2025 | 1.70% IMF WEO Oct 2025 |
| PPP Conversion Factor | 0.22 | 0.20 | 0.19 | 0.20 Trend | 0.20 Trend | 0.20 Trend | – | – | – |
Italic values are IMF World Economic Outlook projections.
Population
Population 4.9M
Population Growth 0.90%
Population Density 272.4
▾
| Indicator | 2023 | 2024 | 2025 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|---|
| Birth Rate | 10.3 | – | – | 9.7 Trend | 9.2 Trend | – | – |
| Death Rate | 1.5 | – | – | 1.6 Trend | 1.6 Trend | – | – |
| Dependency Ratio | 27.48 | 27.10 | – | 24.92 Trend | 23.48 Trend | 22.04 Trend | – |
| Fertility Rate | 1.52 | – | – | 1.23 Trend | 1.07 Trend | – | – |
| Life Expectancy | 83.2 | – | – | 82.4 Trend | 82.8 Trend | – | – |
| Net Migration | 50,008 | 61,624 | 42,775 | – | 30,306 Trend | 4,232 Trend | -21,842 Trend |
| Population | 4.9M | 4.9M | – | 5.1M Trend | 5.2M Trend | 5.4M Trend | – |
| Population Density | 272.4 | – | – | 276.9 Trend | 282.6 Trend | – | – |
| Population Growth | 5.59% | 0.90% | – | 5.01% Trend | 6.03% Trend | 7.04% Trend | – |
| Refugee Population | – | – | – | – | – | – | – |
| Urban Population | 100.00% | 100.00% | – | 100.00% Trend | 100.00% Trend | 100.00% Trend | – |
Italic values are IMF World Economic Outlook projections.
Employment
Unemployment Rate 2.18%
Youth Unemployment 15.06%
Labor Force Participation 73.37%
▾
| Indicator | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|
| Agriculture Employment | 1.95% | 1.93% | 1.89% | 1.87% Trend | 1.85% Trend | 1.83% Trend |
| Female Labor Participation | 48.18% | 47.34% | 47.20% | 47.10% Trend | 46.81% Trend | 46.52% Trend |
| Industry Employment | 25.20% | 24.72% | 24.61% | 24.41% Trend | 24.18% Trend | 23.95% Trend |
| Labor Force Participation | 73.97% | 73.56% | 73.37% | 74.60% Trend | 75.07% Trend | 75.55% Trend |
| Services Employment | 72.85% | 73.35% | 73.50% | 73.72% Trend | 73.97% Trend | 74.22% Trend |
| Unemployment Rate | 2.08% | 2.15% | 2.18% | – | – | – |
| Youth Unemployment | 15.09% | 15.15% | 15.06% | 14.02% Trend | 13.47% Trend | 12.93% Trend |
Italic values are IMF World Economic Outlook projections.
Government
Tax Revenue 1.49%
Government Spending 34.55%
Military Spending 4.84%
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|
| Budget Deficit | 29.99% | 28.22% | 23.79% | 26.76% IMF WEO Oct 2025 | 26.50% IMF WEO Oct 2025 | 26.25% IMF WEO Oct 2025 | 25.69% IMF WEO Oct 2025 | 25.10% IMF WEO Oct 2025 | 24.68% IMF WEO Oct 2025 |
| Education Spending | – | – | – | – | – | – | – | – | – |
| Government Debt to GDP | 2.95% | 3.13% | 2.92% | 7.29% IMF WEO Oct 2025 | 10.67% IMF WEO Oct 2025 | 15.24% IMF WEO Oct 2025 | 19.35% IMF WEO Oct 2025 | 23.52% IMF WEO Oct 2025 | 24.47% IMF WEO Oct 2025 |
| Government Revenue | 69.57% | 76.55% | 74.20% | 77.67% IMF WEO Oct 2025 | 76.68% IMF WEO Oct 2025 | 76.38% IMF WEO Oct 2025 | 76.09% IMF WEO Oct 2025 | 75.86% IMF WEO Oct 2025 | 75.63% IMF WEO Oct 2025 |
| Government Spending | – | – | – | – | – | – | – | – | – |
| Health Spending | 4.20% | 4.96% | – | 4.23% Trend | 3.99% Trend | – | – | – | – |
| Military Spending | 4.51% | 4.77% | 4.84% | 3.94% Trend | 3.45% Trend | 2.97% Trend | – | – | – |
| Tax Revenue | – | – | – | – | – | – | – | – | – |
Italic values are IMF World Economic Outlook projections.
Debt
▾
| Indicator | 1996 | 1997 | 1998 |
|---|---|---|---|
| Debt Service | – | – | – |
| Domestic Credit | – | – | – |
| External Debt | – | – | – |
| External Debt to GNI | – | – | – |
| Interest Payments to Revenue | 6.00% | 3.60% | 3.87% |
| Short-term Debt | – | – | – |
Italic values are IMF World Economic Outlook projections.
Money
Lending Rate 5.17%
Deposit Rate 2.70%
Real Interest Rate 5.95%
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|
| Credit to GDP | – | – | – | – | – | – |
| Deposit Rate | 1.60% | 2.50% | 2.70% | 2.94% Trend | 3.27% Trend | 3.60% Trend |
| Lending Rate | 3.91% | 4.93% | 5.17% | 5.36% Trend | 5.69% Trend | 6.01% Trend |
| M2 Money Supply Growth | 6.45% | 1.01% | 4.26% | 7.76% Trend | 9.81% Trend | 11.85% Trend |
| Non-Performing Loans | 1.41% | 1.42% | – | 1.07% Trend | 0.94% Trend | – |
| Real Interest Rate | -11.66% | 14.13% | 5.95% | 1.62% Trend | 1.28% Trend | 0.93% Trend |
Italic values are IMF World Economic Outlook projections.
Currency
Exchange Rate 0.31
Foreign Reserves $50.7B
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|
| Exchange Rate | 0.31 | 0.31 | 0.31 | 0.31 Trend | 0.31 Trend | 0.31 Trend |
| Foreign Reserves | $52.5B | $52.6B | $50.7B | $51.3B Trend | $51.1B Trend | $51.0B Trend |
| Real Effective Exchange Rate | – | – | – | – | – | – |
| Reserves in Months of Imports | 10.3 | 9.2 | 9.0 | 7.3 Trend | 6.1 Trend | 5.0 Trend |
Italic values are IMF World Economic Outlook projections.
Trade
Exports $89.7B
Imports $61.5B
Trade Balance $32.1B
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|
| Current Account Balance | 34.37% | 31.08% | 29.15% | 26.53% IMF WEO Oct 2025 | 24.43% IMF WEO Oct 2025 | 22.92% IMF WEO Oct 2025 | 21.76% IMF WEO Oct 2025 | 20.55% IMF WEO Oct 2025 | 19.17% IMF WEO Oct 2025 |
| Exports | $110.9B | $95.5B | $89.7B | $115.0B Trend | $125.3B Trend | $135.6B Trend | – | – | – |
| FDI Inflows | 0.41% | 1.28% | 0.38% | 1.25% Trend | 1.57% Trend | 1.89% Trend | – | – | – |
| FDI Outflows | 13.38% | 6.77% | 6.44% | 10.23% Trend | 11.78% Trend | 13.33% Trend | – | – | – |
| Imports | $55.9B | $63.4B | $61.5B | $69.6B Trend | $74.6B Trend | $79.5B Trend | – | – | – |
| Remittances Received | $22.1M | $21.3M | $20.4M | $-58.3M Trend | $-137.3M Trend | $-216.2M Trend | – | – | – |
| Tourism Receipts | – | – | – | – | – | – | – | – | – |
| Trade Balance | $55.0B | $32.1B | – | $59.7B Trend | $67.5B Trend | – | – | – | – |
| Trade Openness | 90.92% | 96.08% | – | 95.62% Trend | 97.39% Trend | – | – | – | – |
Italic values are IMF World Economic Outlook projections.
Financial Markets
Market Capitalization 88.30%
Stock Turnover Ratio 32.79%
Listed Companies 138
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|
| Interest Rate Spread | 2.31% | 2.43% | 2.47% | 2.41% Trend | 2.42% Trend | 2.42% Trend |
| Listed Companies | 148 | 145 | 138 | 131 Trend | 125 Trend | 119 Trend |
| Market Capitalization | 83.21% | 79.29% | 88.30% | 79.54% Trend | 76.83% Trend | 74.12% Trend |
| Stock Turnover Ratio | 27.85% | 25.26% | 32.79% | 29.47% Trend | 29.62% Trend | 29.78% Trend |
Italic values are IMF World Economic Outlook projections.
Political Stability
Political Stability 0.41
Government Effectiveness 0.01
Regulatory Quality 0.32
▾
| Indicator | 2021 | 2022 | 2023 | 2025 | 2026 |
|---|---|---|---|---|---|
| Control of Corruption | -0.06 | 0.13 | 0.21 | 0.39 Trend | 0.48 Trend |
| Government Effectiveness | -0.07 | 0.11 | 0.01 | 0.11 Trend | 0.14 Trend |
| Political Stability | 0.26 | 0.29 | 0.41 | 0.49 Trend | 0.54 Trend |
| Regulatory Quality | 0.16 | 0.21 | 0.32 | 0.39 Trend | 0.44 Trend |
| Rule of Law | 0.24 | 0.28 | 0.34 | 0.38 Trend | 0.41 Trend |
| Voice and Accountability | -0.70 | -0.68 | -0.59 | -0.62 Trend | -0.61 Trend |
Italic values are IMF World Economic Outlook projections.
Health
Health Expenditure per Capita $1,679
Infant Mortality Rate 7.6
Maternal Mortality Ratio 8.00
▾
| Indicator | 2021 | 2022 | 2023 | 2025 | 2026 |
|---|---|---|---|---|---|
| Health Expenditure per Capita | $1,829 | $1,683 | $1,679 | $1,761 Trend | $1,782 Trend |
| Hospital Beds | – | – | – | – | – |
| Infant Mortality Rate | 7.6 | 7.6 | 7.6 | 7.6 Trend | 7.6 Trend |
| Maternal Mortality Ratio | 75.00 | 8.00 | 8.00 | 17.00 Trend | 14.70 Trend |
| Physicians | – | – | – | – | – |
Italic values are IMF World Economic Outlook projections.
Education
Literacy Rate 96.46%
Tertiary Enrollment 51.90%
Education Spending 6.44%
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|
| Education Spending | 6.58% | 5.03% | 6.44% | 5.70% Trend | 5.47% Trend | 5.23% Trend |
| Literacy Rate | – | – | – | – | – | – |
| Primary Enrollment | – | – | – | – | – | – |
| Tertiary Enrollment | – | – | – | – | – | – |
Italic values are IMF World Economic Outlook projections.
Energy
Renewable Energy 0.10%
▾
| Indicator | 2021 | 2022 | 2023 | 2025 | 2026 |
|---|---|---|---|---|---|
| CO2 Emissions | – | – | – | – | – |
| CO2 per Capita | – | – | – | – | – |
| Electricity Access | 100.00% | 100.00% | 100.00% | 100.00% Trend | 100.00% Trend |
| Energy Use per Capita | 8,571 | 9,130 | – | 8,406 Trend | – |
| Forest Area | 0.35% | 0.35% | 0.35% | 0.35% Trend | 0.35% Trend |
| Renewable Energy | 0.10% | – | – | – | – |
Italic values are IMF World Economic Outlook projections.
Technology
Internet Users 99.75%
Mobile Subscriptions 167.68
R&D Spending 0.10%
▾
| Indicator | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|
| High-tech Exports | 0.72% | 1.78% | 5.83% | 5.04% Trend | 5.99% Trend | 6.95% Trend |
| Internet Users | 99.72% | 99.75% | – | 99.97% Trend | 100.08% Trend | – |
| Mobile Subscriptions | 168.35 | 167.68 | – | 170.69 Trend | 172.68 Trend | – |
| Patent Applications | – | – | – | – | – | – |
| R&D Spending | 0.08% | 0.10% | – | 0.09% Trend | 0.09% Trend | – |
Italic values are IMF World Economic Outlook projections.
Inequality
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