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Country Report Kuwait 3rd Quarter

  • ID: 5360350
  • Country Profile
  • July 2021
  • Region: Kuwait
  • The Economist Intelligence Unit
Kuwait's economy is heavily dependent on its oil and gas sector, which accounts for over 85% of fiscal revenue. However, a long-term diversification plan (New Kuwait 2035) will present investment opportunities for companies towards the end of our forecast period.

The Economist Intelligence Unit expects the emir, Sheikh Nawaf al-Ahmad al-Jaber al-Sabah (or his successor), to remain the ultimate executive authority in the 2021-25 forecast period, with Sheikh Meshaal al-Ahmad al-Jaber al-Sabah as the crown prince.

The authorities will prioritise mitigation of aftershocks from the coronavirus (Covid-19) pandemic. Executive-legislature friction over public spending will persist, after the opposition won 24 of 50 contested seats at the National Assembly election in December.
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Country Report Kuwait 3rd Quarter

Briefing sheet
Political and economic outlook
Key changes since March 22nd
The quarter ahead
Major risks to our forecast

Outlook for 2021-25: Political stability

Outlook for 2021-25: Election watch

Outlook for 2021-25: International relations

Outlook for 2021-25: Policy trends

Outlook for 2021-25: Fiscal policy

Outlook for 2021-25: Monetary policy

Outlook for 2021-25: International assumptions

Outlook for 2021-25: Economic growth
The impact of the coronavirus: global and regional assumptions
Economic growth

Outlook for 2021-25: Inflation

Outlook for 2021-25: Exchange rates

Outlook for 2021-25: External sector

Outlook for 2021-25: Forecast summary

Data and charts: Annual data and forecast

Data and charts: Quarterly data

Data and charts: Monthly data

Data and charts: Annual trends charts

Data and charts: Monthly trends charts

Data and charts: Comparative economic indicators

Basic data
Land area
Population
Main towns
Climate
Weather in Kuwait City
Languages
Weights and measures
Fiscal year
Currency
Time
Public holidays

Political structure
Official name
Form of state
Head of state
Legal system
Legislature
National elections
Political groupings
Executive
Council of Ministers
Key ministers
Head of Emiri Diwan
Central bank governor
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