⌘K

Kuwait Economic Statistics (2026)

1980

2026

2031

1980

2026

2031

What to know

Output per head in Kuwait reaches $54,303 (PPP) in 2026, a high-income economy. The economy is worth about $173 billion in total. Over the preceding five years it has grown at about 1.4% a year. Inflation is 2.8%. Government debt is 22% of GDP and rising. Its current account is in surplus, at 26.0% of GDP.

Key statistics for 2026

GDP per capita (PPP)

$54,303

GDP growth

-0.6%

Inflation rate

2.8%

Key terms

GDP: — Gross Domestic Product—the total value of goods and services produced in a country annually.
GDP PPP: — GDP adjusted for purchasing power parity—what money actually buys in each country.
GDP per capita: — GDP divided by population—a measure of average economic output per person.
Inflation rate: — Annual percentage increase in the general price level of goods and services.
Fiscal balance: — Government revenue minus expenditure. Surplus if positive, deficit if negative.
Current account: — Net flow of goods, services, and transfers with the rest of the world.

Output & Growth

Total GDP is $173 billion, with mild contraction of -0.6% in 2026.

Living Standards

GDP per capita is $33,164 in nominal terms, but $54,303 when adjusted for local purchasing power, indicating lower prices than in the US.

Prices & Employment

Inflation is 2.8% in 2026.

Government Finances

Government debt is low at 22% of GDP. The government collects more than it spends (revenue: 76.5%, expenditure: 48.9% of GDP).

External & Fiscal Balance

The country is running a fiscal surplus of 27.6% and a current account surplus of 26.0% of GDP.

The bottom line

Kuwait is a high-income economy with GDP per capita (PPP) of $54k. The government is running a fiscal surplus.

What to know

Output per head in Kuwait reaches $54,303 (PPP) in 2026, a high-income economy. The economy is worth about $173 billion in total. Over the preceding five years it has grown at about 1.4% a year. Inflation is 2.8%. Government debt is 22% of GDP and rising. Its current account is in surplus, at 26.0% of GDP.

Key statistics for 2026

GDP per capita (PPP)

$54,303

GDP growth

-0.6%

Inflation rate

2.8%

Key terms

GDP: — Gross Domestic Product—the total value of goods and services produced in a country annually.
GDP PPP: — GDP adjusted for purchasing power parity—what money actually buys in each country.
GDP per capita: — GDP divided by population—a measure of average economic output per person.
Inflation rate: — Annual percentage increase in the general price level of goods and services.
Fiscal balance: — Government revenue minus expenditure. Surplus if positive, deficit if negative.
Current account: — Net flow of goods, services, and transfers with the rest of the world.

Output & Growth

Total GDP is $173 billion, with mild contraction of -0.6% in 2026.

Living Standards

GDP per capita is $33,164 in nominal terms, but $54,303 when adjusted for local purchasing power, indicating lower prices than in the US.

Prices & Employment

Inflation is 2.8% in 2026.

Government Finances

Government debt is low at 22% of GDP. The government collects more than it spends (revenue: 76.5%, expenditure: 48.9% of GDP).

External & Fiscal Balance

The country is running a fiscal surplus of 27.6% and a current account surplus of 26.0% of GDP.

The bottom line

Kuwait is a high-income economy with GDP per capita (PPP) of $54k. The government is running a fiscal surplus.

Iraq

Saudi Arabia

What to know

Key statistics for 2026

Output & Growth

Living Standards

Prices & Employment

Government Finances

External & Fiscal Balance

The bottom line

Iraq

Saudi Arabia

What to know

Key statistics for 2026

Output & Growth

Living Standards

Prices & Employment

Government Finances

External & Fiscal Balance

The bottom line