Kuwait |
Gross domestic product, constant prices |
National currency |
Billions |
Source: Ministry of Planning and Central Statistical Office
Latest actual data: 2020. Preliminary numbers
Notes: Real GDP data for the period 1990-2009 have been adjusted by desk economist to account for breaks in the source data. The breaks are associated with changes in the base year from 1984 to 1995, to 2000, and subsequently to 2010. Pre-revision data exist for the period prior to 1995. The nominal data were revised back to 1995. The latest revision of nominal and real data go to 2010. Using the pre-revision data, desk economist recalculated the constant price data for the period prior to 1995 so that y-o-y change of each component remains unchanged. A similar adjustment was made to the period 1995-2009.
National accounts manual used: System of National Accounts (SNA) 1993
GDP valuation: Market prices
Start/end months of reporting year: January/December
Base year: 2010. Nominal data has been revised by country authorities, therefore, deflators do not add to 100 until the Real figures get revised.
Chain-weighted: No
Primary domestic currency: Kuwaiti dinar
Data last updated: 09/2021
|
39.504 |
36.006 |
36.347 |
37.920 |
38.928 |
39.964 |
41.031 |
42.128 |
2020 |
Kuwait |
Gross domestic product, constant prices |
Percent change |
|
See notes for:
Gross domestic product, constant prices (National currency).
|
-0.552 |
-8.855 |
0.948 |
4.327 |
2.657 |
2.663 |
2.668 |
2.673 |
2020 |
Kuwait |
Gross domestic product, current prices |
National currency |
Billions |
Source: Ministry of Planning and Central Statistical Office
Latest actual data: 2020. Preliminary numbers
Notes: Real GDP data for the period 1990-2009 have been adjusted by desk economist to account for breaks in the source data. The breaks are associated with changes in the base year from 1984 to 1995, to 2000, and subsequently to 2010. Pre-revision data exist for the period prior to 1995. The nominal data were revised back to 1995. The latest revision of nominal and real data go to 2010. Using the pre-revision data, desk economist recalculated the constant price data for the period prior to 1995 so that y-o-y change of each component remains unchanged. A similar adjustment was made to the period 1995-2009.
National accounts manual used: System of National Accounts (SNA) 1993
GDP valuation: Market prices
Start/end months of reporting year: January/December
Base year: 2010. Nominal data has been revised by country authorities, therefore, deflators do not add to 100 until the Real figures get revised.
Chain-weighted: No
Primary domestic currency: Kuwaiti dinar
Data last updated: 09/2021
|
41.349 |
32.445 |
40.156 |
42.133 |
42.797 |
43.810 |
45.188 |
47.093 |
2020 |
Kuwait |
Gross domestic product, current prices |
U.S. dollars |
Billions |
See notes for:
Gross domestic product, current prices (National currency).
|
136.192 |
105.949 |
132.266 |
138.780 |
140.964 |
144.301 |
148.840 |
155.117 |
2020 |
Kuwait |
Gross domestic product, current prices |
Purchasing power parity; international dollars |
Billions |
See notes for:
Gross domestic product, current prices (National currency).
|
218.998 |
202.011 |
211.275 |
226.484 |
238.035 |
249.942 |
262.185 |
274.773 |
2020 |
Kuwait |
Gross domestic product, deflator |
Index |
|
See notes for:
Gross domestic product, constant prices (National currency)
Gross domestic product, current prices (National currency).
|
104.671 |
90.110 |
110.478 |
111.111 |
109.938 |
109.622 |
110.132 |
111.788 |
2020 |
Kuwait |
Gross domestic product per capita, constant prices |
National currency |
Units |
See notes for:
Gross domestic product, constant prices (National currency)
Population (Persons).
|
8,270.706 |
7,708.892 |
7,674.540 |
7,875.257 |
7,951.846 |
8,029.601 |
8,108.543 |
8,188.693 |
2020 |
Kuwait |
Gross domestic product per capita, constant prices |
Purchasing power parity; 2017 international dollar |
Units |
See notes for:
Gross domestic product, constant prices (National currency)
Population (Persons).
|
43,993.241 |
41,004.859 |
40,822.137 |
41,889.785 |
42,297.171 |
42,710.764 |
43,130.671 |
43,557.003 |
2020 |
Kuwait |
Gross domestic product per capita, current prices |
National currency |
Units |
See notes for:
Gross domestic product, current prices (National currency)
Population (Persons).
|
8,656.996 |
6,946.481 |
8,478.687 |
8,750.241 |
8,742.129 |
8,802.196 |
8,930.073 |
9,153.937 |
2020 |
Kuwait |
Gross domestic product per capita, current prices |
U.S. dollars |
Units |
See notes for:
Gross domestic product, current prices (National currency)
Population (Persons).
|
28,513.431 |
22,683.638 |
27,927.163 |
28,821.611 |
28,794.890 |
28,992.741 |
29,413.943 |
30,151.307 |
2020 |
Kuwait |
Gross domestic product per capita, current prices |
Purchasing power parity; international dollars |
Units |
See notes for:
Gross domestic product, current prices (National currency)
Population (Persons).
|
45,849.974 |
43,250.466 |
44,609.367 |
47,035.996 |
48,623.516 |
50,218.078 |
51,813.400 |
53,409.849 |
2020 |
Kuwait |
Gross domestic product based on purchasing-power-parity (PPP) share of world total |
Percent |
|
See notes for:
Gross domestic product, current prices (National currency).
|
0.162 |
0.153 |
0.146 |
0.145 |
0.144 |
0.143 |
0.142 |
0.141 |
2020 |
Kuwait |
Implied PPP conversion rate |
National currency per current international dollar |
|
See notes for:
Gross domestic product, current prices (National currency).
|
0.189 |
0.161 |
0.190 |
0.186 |
0.180 |
0.175 |
0.172 |
0.171 |
2020 |
Kuwait |
Total investment |
Percent of GDP |
|
Source: Ministry of Planning and Central Statistical Office
Latest actual data: 2020. Preliminary numbers
Notes: Real GDP data for the period 1990-2009 have been adjusted by desk economist to account for breaks in the source data. The breaks are associated with changes in the base year from 1984 to 1995, to 2000, and subsequently to 2010. Pre-revision data exist for the period prior to 1995. The nominal data were revised back to 1995. The latest revision of nominal and real data go to 2010. Using the pre-revision data, desk economist recalculated the constant price data for the period prior to 1995 so that y-o-y change of each component remains unchanged. A similar adjustment was made to the period 1995-2009.
National accounts manual used: System of National Accounts (SNA) 1993
GDP valuation: Market prices
Start/end months of reporting year: January/December
Base year: 2010. Nominal data has been revised by country authorities, therefore, deflators do not add to 100 until the Real figures get revised.
Chain-weighted: No
Primary domestic currency: Kuwaiti dinar
Data last updated: 09/2021
|
25.018 |
29.578 |
28.392 |
29.311 |
29.820 |
30.121 |
30.212 |
30.011 |
2020 |
Kuwait |
Gross national savings |
Percent of GDP |
|
Source: Ministry of Planning and Central Statistical Office
Latest actual data: 2020. Preliminary numbers
Notes: Real GDP data for the period 1990-2009 have been adjusted by desk economist to account for breaks in the source data. The breaks are associated with changes in the base year from 1984 to 1995, to 2000, and subsequently to 2010. Pre-revision data exist for the period prior to 1995. The nominal data were revised back to 1995. The latest revision of nominal and real data go to 2010. Using the pre-revision data, desk economist recalculated the constant price data for the period prior to 1995 so that y-o-y change of each component remains unchanged. A similar adjustment was made to the period 1995-2009.
National accounts manual used: System of National Accounts (SNA) 1993
GDP valuation: Market prices
Start/end months of reporting year: January/December
Base year: 2010. Nominal data has been revised by country authorities, therefore, deflators do not add to 100 until the Real figures get revised.
Chain-weighted: No
Primary domestic currency: Kuwaiti dinar
Data last updated: 09/2021
|
41.276 |
46.296 |
43.899 |
42.577 |
40.487 |
39.092 |
38.954 |
38.701 |
2020 |
Kuwait |
Inflation, average consumer prices |
Index |
|
Source: Ministry of Planning and Central Statistical Office
Latest actual data: 2020
Harmonized prices: No
Frequency of source data: Monthly
Base year: 1997. Data reported by the authorities has 2007 as base year (new weights from 2007).
Primary domestic currency: Kuwaiti dinar
Data last updated: 09/2021
|
183.962 |
187.842 |
193.782 |
199.595 |
205.583 |
211.750 |
218.103 |
224.646 |
2020 |
Kuwait |
Inflation, average consumer prices |
Percent change |
|
See notes for:
Inflation, average consumer prices (Index).
|
1.100 |
2.109 |
3.162 |
3.000 |
3.000 |
3.000 |
3.000 |
3.000 |
2020 |
Kuwait |
Inflation, end of period consumer prices |
Index |
|
Source: Ministry of Planning and Central Statistical Office
Latest actual data: 2020
Harmonized prices: No
Frequency of source data: Monthly
Base year: 1997. Data reported by the authorities has 2007 as base year (new weights from 2007).
Primary domestic currency: Kuwaiti dinar
Data last updated: 09/2021
|
189.995 |
195.617 |
201.867 |
207.923 |
214.161 |
220.585 |
227.203 |
234.019 |
2020 |
Kuwait |
Inflation, end of period consumer prices |
Percent change |
|
See notes for:
Inflation, end of period consumer prices (Index).
|
1.233 |
2.959 |
3.195 |
3.000 |
3.000 |
3.000 |
3.000 |
3.000 |
2020 |
Kuwait |
Volume of imports of goods and services |
Percent change |
|
Source: Central Bank
Latest actual data: 2019
Base year: 2010. Nominal data has been revised by country authorities, therefore, deflators do not add to 100 until the Real figures get revised.
Methodology used to derive volumes: Nominal value deflated
Formula used to derive volumes: Other
Chain-weighted: No
Trade System: General trade
Oil coverage: Primary or unrefined products; Secondary or refined products;
Valuation of exports: Free on board (FOB)
Valuation of imports: Cost, insurance, freight (CIF)
Primary domestic currency: Kuwaiti dinar
Data last updated: 09/2021
|
-10.419 |
-14.179 |
12.579 |
6.502 |
2.044 |
2.003 |
2.016 |
2.054 |
2019 |
Kuwait |
Volume of Imports of goods |
Percent change |
|
Source: Central Bank
Latest actual data: 2019
Base year: 2010. Nominal data has been revised by country authorities, therefore, deflators do not add to 100 until the Real figures get revised.
Methodology used to derive volumes: Nominal value deflated
Formula used to derive volumes: Other
Chain-weighted: No
Trade System: General trade
Oil coverage: Primary or unrefined products; Secondary or refined products;
Valuation of exports: Free on board (FOB)
Valuation of imports: Cost, insurance, freight (CIF)
Primary domestic currency: Kuwaiti dinar
Data last updated: 09/2021
|
-10.419 |
-14.179 |
12.579 |
6.502 |
2.044 |
2.003 |
2.016 |
2.054 |
2019 |
Kuwait |
Volume of exports of goods and services |
Percent change |
|
Source: Central Bank
Latest actual data: 2019
Base year: 2010. Nominal data has been revised by country authorities, therefore, deflators do not add to 100 until the Real figures get revised.
Methodology used to derive volumes: Nominal value deflated
Formula used to derive volumes: Other
Chain-weighted: No
Trade System: General trade
Oil coverage: Primary or unrefined products; Secondary or refined products;
Valuation of exports: Free on board (FOB)
Valuation of imports: Cost, insurance, freight (CIF)
Primary domestic currency: Kuwaiti dinar
Data last updated: 09/2021
|
-10.050 |
-11.792 |
-0.962 |
6.768 |
3.404 |
3.249 |
3.113 |
2.993 |
2019 |
Kuwait |
Volume of exports of goods |
Percent change |
|
Source: Central Bank
Latest actual data: 2019
Base year: 2010. Nominal data has been revised by country authorities, therefore, deflators do not add to 100 until the Real figures get revised.
Methodology used to derive volumes: Nominal value deflated
Formula used to derive volumes: Other
Chain-weighted: No
Trade System: General trade
Oil coverage: Primary or unrefined products; Secondary or refined products;
Valuation of exports: Free on board (FOB)
Valuation of imports: Cost, insurance, freight (CIF)
Primary domestic currency: Kuwaiti dinar
Data last updated: 09/2021
|
-1.999 |
-11.792 |
-0.962 |
6.768 |
3.404 |
3.249 |
3.113 |
2.993 |
2019 |
Kuwait |
Unemployment rate |
Percent of total labor force |
|
Source: National Statistics Office
Latest actual data: 2020
Employment type: National definition
Primary domestic currency: Kuwaiti dinar
Data last updated: 09/2021
|
1.183 |
1.276 |
n/a |
n/a |
n/a |
n/a |
n/a |
n/a |
2020 |
Kuwait |
Population |
Persons |
Millions |
Source: Ministry of Planning, Central Statistical Office, and Civil Information Authority
Latest actual data: 2020
Primary domestic currency: Kuwaiti dinar
Data last updated: 09/2021
|
4.776 |
4.671 |
4.736 |
4.815 |
4.895 |
4.977 |
5.060 |
5.145 |
2020 |
Kuwait |
General government revenue |
National currency |
Billions |
Source: Ministry of Finance or Treasury
Latest actual data: 2019
Fiscal assumptions: Staff projections
Start/end months of reporting year: January/December. Source data comes in fiscal year (March/April) basis. Calendar year data calculated by IMF staff using a weighted average of the fiscal data.
GFS Manual used: Government Finance Statistics Manual (GFSM) 2014
Basis of recording: Mixed. Some transactions recorded on accrual basis.
General government includes: Central Government; Social Security Funds;
Valuation of public debt: Nominal value
Instruments included in gross and net debt: Loans
Primary domestic currency: Kuwaiti dinar
Data last updated: 09/2021
|
23.678 |
19.064 |
22.074 |
23.676 |
23.452 |
23.390 |
23.725 |
24.388 |
2019 |
Kuwait |
General government revenue |
Percent of GDP |
|
See notes for:
General government revenue (National currency).
|
57.264 |
58.756 |
54.971 |
56.193 |
54.799 |
53.389 |
52.503 |
51.786 |
2019 |
Kuwait |
General government total expenditure |
National currency |
Billions |
Source: Ministry of Finance or Treasury
Latest actual data: 2019
Fiscal assumptions: Staff projections
Start/end months of reporting year: January/December. Source data comes in fiscal year (March/April) basis. Calendar year data calculated by IMF staff using a weighted average of the fiscal data.
GFS Manual used: Government Finance Statistics Manual (GFSM) 2014
Basis of recording: Mixed. Some transactions recorded on accrual basis.
General government includes: Central Government; Social Security Funds;
Valuation of public debt: Nominal value
Instruments included in gross and net debt: Loans
Primary domestic currency: Kuwaiti dinar
Data last updated: 09/2021
|
21.622 |
21.770 |
22.665 |
23.259 |
23.664 |
24.088 |
24.568 |
24.931 |
2019 |
Kuwait |
General government total expenditure |
Percent of GDP |
|
See notes for:
General government total expenditure (National currency).
|
52.292 |
67.099 |
56.441 |
55.204 |
55.294 |
54.983 |
54.369 |
52.939 |
2019 |
Kuwait |
General government net lending/borrowing |
National currency |
Billions |
Source: Ministry of Finance or Treasury
Latest actual data: 2019
Fiscal assumptions: Staff projections
Start/end months of reporting year: January/December. Source data comes in fiscal year (March/April) basis. Calendar year data calculated by IMF staff using a weighted average of the fiscal data.
GFS Manual used: Government Finance Statistics Manual (GFSM) 2014
Basis of recording: Mixed. Some transactions recorded on accrual basis.
General government includes: Central Government; Social Security Funds;
Valuation of public debt: Nominal value
Instruments included in gross and net debt: Loans
Primary domestic currency: Kuwaiti dinar
Data last updated: 09/2021
|
2.056 |
-2.707 |
-0.590 |
0.417 |
-0.212 |
-0.698 |
-0.843 |
-0.543 |
2019 |
Kuwait |
General government net lending/borrowing |
Percent of GDP |
|
See notes for:
General government net lending/borrowing (National currency).
|
4.973 |
-8.342 |
-1.470 |
0.989 |
-0.495 |
-1.594 |
-1.866 |
-1.154 |
2019 |
Kuwait |
General government primary net lending/borrowing |
National currency |
Billions |
Source: Ministry of Finance or Treasury
Latest actual data: 2019
Fiscal assumptions: Staff projections
Start/end months of reporting year: January/December. Source data comes in fiscal year (March/April) basis. Calendar year data calculated by IMF staff using a weighted average of the fiscal data.
GFS Manual used: Government Finance Statistics Manual (GFSM) 2014
Basis of recording: Mixed. Some transactions recorded on accrual basis.
General government includes: Central Government; Social Security Funds;
Valuation of public debt: Nominal value
Instruments included in gross and net debt: Loans
Primary domestic currency: Kuwaiti dinar
Data last updated: 09/2021
|
-3.329 |
-7.242 |
-5.385 |
-4.455 |
-5.079 |
-5.679 |
-6.033 |
-5.865 |
2019 |
Kuwait |
General government primary net lending/borrowing |
Percent of GDP |
|
See notes for:
General government primary net lending/borrowing (National currency).
|
-8.051 |
-22.321 |
-13.411 |
-10.573 |
-11.867 |
-12.964 |
-13.352 |
-12.454 |
2019 |
Kuwait |
General government gross debt |
National currency |
Billions |
Source: Ministry of Finance or Treasury
Latest actual data: 2019
Fiscal assumptions: Staff projections
Start/end months of reporting year: January/December. Source data comes in fiscal year (March/April) basis. Calendar year data calculated by IMF staff using a weighted average of the fiscal data.
GFS Manual used: Government Finance Statistics Manual (GFSM) 2014
Basis of recording: Mixed. Some transactions recorded on accrual basis.
General government includes: Central Government; Social Security Funds;
Valuation of public debt: Nominal value
Instruments included in gross and net debt: Loans
Primary domestic currency: Kuwaiti dinar
Data last updated: 09/2021
|
4.811 |
3.798 |
3.176 |
4.569 |
9.229 |
15.029 |
21.344 |
28.344 |
2019 |
Kuwait |
General government gross debt |
Percent of GDP |
|
See notes for:
General government gross debt (National currency).
|
11.636 |
11.706 |
7.909 |
10.844 |
21.565 |
34.305 |
47.234 |
60.187 |
2019 |
Kuwait |
Gross domestic product corresponding to fiscal year, current prices |
National currency |
Billions |
Source: Ministry of Finance or Treasury
Latest actual data: 2019
Fiscal assumptions: Staff projections
Start/end months of reporting year: January/December. Source data comes in fiscal year (March/April) basis. Calendar year data calculated by IMF staff using a weighted average of the fiscal data.
GFS Manual used: Government Finance Statistics Manual (GFSM) 2014
Basis of recording: Mixed. Some transactions recorded on accrual basis.
General government includes: Central Government; Social Security Funds;
Valuation of public debt: Nominal value
Instruments included in gross and net debt: Loans
Primary domestic currency: Kuwaiti dinar
Data last updated: 09/2021
|
41.349 |
32.445 |
40.156 |
42.133 |
42.797 |
43.810 |
45.188 |
47.093 |
2019 |
Kuwait |
Current account balance |
U.S. dollars |
Billions |
Source: Central Bank
Latest actual data: 2019
BOP Manual used: Balance of Payments and International Investment Position Manual, sixth edition (BPM6)
Primary domestic currency: Kuwaiti dinar
Data last updated: 09/2021
|
22.142 |
17.712 |
20.511 |
18.410 |
15.036 |
12.947 |
13.012 |
13.480 |
2019 |
Kuwait |
Current account balance |
Percent of GDP |
|
See notes for:
Gross domestic product, current prices (National currency)
Current account balance (U.S. dollars).
|
16.258 |
16.718 |
15.507 |
13.266 |
10.667 |
8.972 |
8.743 |
8.690 |
2019 |