Economy of Kuwait

Imports
Imports commoditiesfood, construction materials, vehicles and parts, clothing
Import partnersUS 11.8%, China 9.2%, Saudi Arabia 8.6%, Japan 8.2%, South Korea 6.9%, Germany 5.1%, Italy 4.7%, India 4.6%, UAE 4.4% (2012)
Exports
Exports commoditiesoil and refined products, fertilizers
Export partnersSouth Korea 16.1%, India 15.7%, Japan 13.4%, US 11.7%, China 9.2%, Singapore 4.2% (2012)
Economy sectors
Industrial productspetroleum, petrochemicals, cement, shipbuilding and repair, water desalination, food processing, construction materials
Economy
Unemployment1.50 % (2012)3.40 % (2011)1.60 % (2010)
Unemployment of Kuwait
GDP - Official Exchange Rate180 Billion $ (2013)182 Billion $ (2012)161 Billion $ (2011)
GDP - Official Exchange Rate of Kuwait
GDP growth rate2.30 % (2013)6.20 % (2012)8.20 % (2011)
GDP growth rate of Kuwait
GDP per Capita (PPP)42,100 $ (2013)39,900 $ (2012)42,400 $ (2011)
GDP per Capita (PPP) of Kuwait
GDP - Purchasing Power Parity166 Billion $ (2013)151 Billion $ (2012)156 Billion $ (2011)
GDP - Purchasing Power Parity of Kuwait
GDP PPP per land area9.31 Million $ per square kilometer (2013)8.47 Million $ per square kilometer (2012)8.76 Million $ per square kilometer (2011)
GDP PPP per land area of Kuwait
ElectricityBanking
Central bank discount rate1.25 % (2010)3.00 % (2009)3.75 % (2008)
Central bank discount rate of Kuwait
Commercial bank prime lending rate4.90 % (2013)5.00 % (2012)5.20 % (2011)
Commercial bank prime lending rate of Kuwait
GDP decomposition by sector
Agriculture % of GDP0.30 % (2013)0.30 % (2012)
Industry % of GDP50.6 % (2013)49.9 % (2012)
Services % of GDP49.1 % (2013)49.8 % (2012)
Tourism
International tourism, number of arrivals300 Thousand (2012)269 Thousand (2011)207 Thousand (2010)
International tourism, number of arrivals of Kuwait
International tourism, number of departures2.65 Million (2007)2.53 Million (2006)2.17 Million (2005)
International tourism, number of departures of Kuwait
Yearly Tourist arrivals to residents ratio9.23 % (2012)10.4 % (2011)6.92 % (2010)
Yearly Tourist arrivals to residents ratio of Kuwait
Debt, Current Account Balance and Budget Deficit
Public debt (Percentage of GDP)6.40 % of GDP (2013)6.00 % of GDP (2012)7.50 % of GDP (2011)
Public debt (Percentage of GDP) of Kuwait
Current Account Balance (Percentage of GDP)43.2 % of GDP (2012)41.8 % of GDP (2011)30.8 % of GDP (2010)
Current Account Balance (Percentage of GDP) of Kuwait
Current Account Balance (Total)69.1 Billion $ (2013)80.3 Billion $ (2012)70.8 Billion $ (2011)
Current Account Balance (Total) of Kuwait
External Debt (Total)34.4 Billion $ (2013)29.8 Billion $ (2012)29.9 Billion $ (2011)
External Debt (Total) of Kuwait
External Debt (Percentage of GDP)19.2 % of GDP (2013)16.4 % of GDP (2012)18.6 % of GDP (2011)
External Debt (Percentage of GDP) of Kuwait
External Debt per Capita10,215 $ (2013)9,156 $ (2012)11,508 $ (2011)
External Debt per Capita of Kuwait