Kuwait’s economy is heavily reliant on oil profits.
The following is a snapshot of Kuwait’s major economic indicators:
Element Fact Year
GDP KD 39.4 Billion (2019)
GDP – a real growth rate 0.4% (2019)
Average Oil Production 2.739 MMbbl/d (2019)
Value of Total Exports KD 19.7 Billion (2019)
Value of Total Imports KD 8.94 Billion (2019)
Annual Inflation Rate 1.1% (2019)
Currency (code) The Kuwaiti Dinar (KWD)