Labor force | 2.463 million (2023 est.) |
---|---|
Industrial production growth rate | 8.05% (2022 est.) |
Industries | petroleum, petrochemicals, cement, shipbuilding and repair, water desalination, food processing, construction materials |
Population below poverty line | |
Taxes and other revenues | 41.8% (of GDP) (2017 est.) |
Fiscal year | |
Exchange rates | |
Currency | Kuwaiti dinars (KD) per US dollar - |
Exchange rates 2023 | 0.307 (2023 est.) |
Exchange rates 2022 | 0.306 (2022 est.) |
Exchange rates 2021 | 0.302 (2021 est.) |
Exchange rates 2020 | 0.306 (2020 est.) |
Exchange rates 2019 | 0.304 (2019 est.) |
Reserves of foreign exchange and gold | |
Reserves of foreign exchange and gold 2023 | $52.619 billion (2023 est.) |
Reserves of foreign exchange and gold 2022 | $52.462 billion (2022 est.) |
Reserves of foreign exchange and gold 2021 | $49.525 billion (2021 est.) |
Current account balance | |
Current account balance 2023 | $51.396 billion (2023 est.) |
Current account balance 2022 | $63.078 billion (2022 est.) |
Current account balance 2021 | $34.943 billion (2021 est.) |
Public debt | |
Public debt 2017 | 20.6% of GDP (2017 est.) |
Budget | |
Revenues | $44.254 billion (2015 est.) |
Expenditures | $59.584 billion (2015 est.) |
Budget surplus (+) or deficit (-) | |
Remittances | |
Remittances 2023 | 0.01% of GDP (2023 est.) |
Remittances 2022 | 0.01% of GDP (2022 est.) |
Remittances 2021 | 0.57% of GDP (2021 est.) |
Average household expenditures | |
On food | 19.2% of household expenditures (2022 est.) |
On alcohol and tobacco | 0.1% of household expenditures (2022 est.) |
Imports | |
Imports 2023 | $63.43 billion (2023 est.) |
Imports 2022 | $55.909 billion (2022 est.) |
Imports 2021 | $48.954 billion (2021 est.) |
Imports (partners) | UAE 20%, China 16%, Saudi Arabia 9%, US 7%, Japan 4% (2022) |
Comodities Imports force | cars, gold, jewelry, garments, packaged medicine (2022) |
Exports | |
Imports 2023 | $63.43 billion (2023 est.) |
Imports 2022 | $55.909 billion (2022 est.) |
Imports 2021 | $48.954 billion (2021 est.) |
Exports (partners) | China 24%, India 15%, South Korea 11%, Japan 9%, Taiwan 7% (2022) |
Comodities Exports force | crude petroleum, refined petroleum, hydrocarbons, natural gas, acyclic alcohols (2022) |
Real GDP (purchasing power parity) | |
Real GDP (purchasing power parity) 2023 | $219.06 billion (2023 est.) |
Real GDP (purchasing power parity) 2022 | $224.057 billion (2022 est.) |
Real GDP (purchasing power parity) 2021 | $211.099 billion (2021 est.) |
GDP (official exchange rate) | $161.772 billion (2023 est.) |
Real GDP Per capita | |
Real GDP per capita 2023 | $50,800 (2023 est.) |
Real GDP per capita 2022 | $52,500 (2022 est.) |
Real GDP per capita 2021 | $49,700 (2021 est.) |
GDP - composition, by sector of origin | |
Agriculture | 0.4% (2022 est.) |
Industry | 67% (2022 est.) |
Services | 43.6% (2022 est.) |
GDP - composition, by end use | |
Household consumption | 40.6% (2019 est.) |
Government consumption | 24.8% (2019 est.) |
Investment in fixed capital | 24.6% (2019 est.) |
Exports of goods and services | 52.3% (2019 est.) |
Imports of goods and services | -44.1% (2019 est.) |
Unemployment rate | |
Unemployment rate 2023 | 2.08% (2023 est.) |
Unemployment rate 2022 | 2.12% (2022 est.) |
Unemployment rate 2021 | 3% (2021 est.) |
Youth unemployment rate (ages 15-24) | |
Total | 15% (2023 est.) |
Male | 9.1% (2023 est.) |
Female | 29% (2023 est.) |
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