Mining, manufacturing, and utilities contributed 57.4% to the gross value added (GVA) in 2024, followed by financial intermediation, real estate, and business activities (12.3%) and transport, storage, and communication (4.7%). In nominal terms, the three sectors are forecast to grow by 1.8%, 0.1%, and 0.8% in 2025, respectively.
According to the analyst’s cities database, in 2024, Kuwait City was home to 67.1% of Kuwait’s population and accounted for 70.6% of the country’s total GDP.
In April 2025, Kuwait has earmarked nearly $6 billion for infrastructure and service projects in its 2025-26 budget, with a focus on rail, roads, water, and electricity.
According to the analyst’s cities database, in 2024, Kuwait City was home to 67.1% of Kuwait’s population and accounted for 70.6% of the country’s total GDP.
In April 2025, Kuwait has earmarked nearly $6 billion for infrastructure and service projects in its 2025-26 budget, with a focus on rail, roads, water, and electricity.
Scope
- Macroeconomic Country Outlook Reports evaluate a country's investment potential through its political, economic, social, technological, legal, and environmental (PESTLE) framework.
- This comprehensive analysis offers a holistic view of the economy, serving as a strategic tool to understand market dynamics, business potential, and operational direction. Each PESTLE factor is examined based on four parameters: current strengths, current challenges, future prospects, and future risks.
- These insights support strategic planning by highlighting opportunities and risks within the economy, helping businesses and investors make informed decisions.
- The report aims to provide a detailed understanding of the country's macroeconomic environment to facilitate effective decision-making and strategy development.
Reasons to Buy
- Macroeconomic Outlook Report identifies the potentials of the country as an investment destination by analyzing the political, economic, social, technological, legal and environmental (PESTLE) structure.
- PESTLE Insights provides 360 degree view of the economy which can be used as a strategic tool to understand the market dynamics, business potentials and direction of operations
- Along with providing the country’s snapshot, the report captures the risk factors pertaining to the macroeconomic risks, political environment, legal environment, demographic and social structure effectiveness, technology & infrastructure and natural and geographic aspects that might impact business.
- This report also highlights key clusters/cities which contribute significantly to the country GDP and population along with major companies’ presence in these areas.
Table of Contents
- Did You Know?
- Country Highlights
- Key Economic Updates and Impact of US Tariffs
- Country Snapshot
- Political Landscape
- Economic Landscape
- Social Landscape
- Technological Landscape
- Legal Landscape
- Environmental Landscape
- Outlook
- Exhibit 1: Kuwait’s Performance in Terms of its Country Risk Analysis in Comparison to Middle East and Africa, and the World
- Exhibit 2: Performance Overview (Score: 0-100)
- Exhibit 3: Broad Categories and Weights Behind the Index
- Exhibit 4: Kuwait All Share Index
- Exhibit 5: Key Sectors’ Contribution to the Economy
- Exhibit 6: FDI Flows and FDI Stock (2020-24)
- Exhibit 7: Greenfield FDI Projects and Net Cross-border M&A Deals (2020-24)
- Exhibit 8: Key Infrastructure Indicators
- Exhibit 9: Real GDP and Household Consumption Growth Rate (2020-27f)
- Exhibit 10: Real GDP Growth Rate Comparison (2024)
- Exhibit 11: Volume of Exports and Imports Growth (2020-27f)
- Exhibit 12: Current Account Balance (2020-27f)
- Exhibit 13: Top Three Commodity Exports, % of Total Exports (2020-24)
- Exhibit 14: Mineral Fuels, Mineral Oils, and Products of their Distillation Export, % of World Total (2024)
- Exhibit 15: Interest Rates (May 2020 - May 2025)
- Exhibit 16: Exchange Rate and Inflation (2020-27f)
- Exhibit 17: General Government Deficit (2020-27f)
- Exhibit 18: General Government Debt (2020-27f)
- Exhibit 19: Unemployment Rate (2020-27f)
- Exhibit 20: Labor Force Participation Rate (2020-27f)
- Exhibit 21: Average Annual Wages (2020-27f)
- Exhibit 22: Rural/Urban Share of Total Population (2015, 2020, 2025f, 2030f)
- Exhibit 23: Age-group Share of Total Population (2015, 2020, 2025f, 2030f)
- Exhibit 24: Gender Split (2015, 2020, 2025f, 2030f)
- Exhibit 25: Renewable Energy Capacity (2020-24)
- Exhibit 26: CO2e Emissions (2019-23)
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Jazeera
- IBK
- Agility
