Page 16 - Kuwait-Three-Years-Business-Outlook-2019-2020-2021

KHOA

Micro & Macro Economic Trend

Key Indicators

2018 2019f 2020f 2021f 2022f 2023f 2024f 2025f 2026f 2027f
Nominal GDP, us$bn [3] 131.5 132.6 144.8 151.3 159.1 167.1 174.6 183.3 192.9 203.4
GDP per capita, us$ [3] 31.333 31.209 33.643 34.694 35.976 37.265 38.417 39.814 41.397 43.143
Real GDP growth, % y-o-y [3] 1.2 2.7 5.1 2.9 3.0 3.0 3.1 3.5 3.8 3.8
Government final consumption, % of 23.0 23.5 22.4 22.7 23.0 23.1 23.4 23.6 23.8 23.9
GDP [3]
Population, mn [4] 4.20 4.25 4.30 4.36 4.42 4.48 4.54 4.60 4.66 4.71

Consumer price inflation, % y-o-y, ave [5] 0.6 1.3 1.6 2.4 2.5 1.8 1.8 1.9 2.0 2.0
Budget balance, US$bn [1,3] 0.9 0.5 6.5 12.1 8.8 7.1 5.1 3.0 0.7 2.0
Budget balance, % of GDP [1,3] 0.7 0.4 4.5 8.0 5.5 4.2 2.9 1.6 0.4 1.0
Current account balance, US$bn [3] 19.4 16.7 23.6 23.1 22.8 22.9 22.8 23.3 24.2 25.7
Current account balance, % of GDP [3 14.7 12.6 16.3 15.3 14.3 13.7 13.0 12.7 12.6 12.6
Goods and Services Exports(USD bn) 75.2 76.1 86.7 89.7 92.7 95.4 97.9 101.2 104.9 109.10

Source : Fitch Solutions
Notes: f forecasts.

16