Kuwait GDP

Kuwait country overview

Before we start to discuss Kuwait GDP first we discuss Kuwait’s country overview, so Kuwait is officially called the State of Kuwait. It is located in Western Asia. It shares its border with Iraq, and Saudi Arabia.

Its capital and largest city name is Kuwait city. Its official language is Arabic. When we talk about its ethni8c groups, 57% Arabs, 40% Asians and other ethnic-related peoples live in Kuwait.

When we talk about the religious divide in Kuwait, so 75% of Muslims and 25% of other religious-related peoples live in Kuwait. Kuwait’s government system is a Unitary parliamentary emirate.

Its king name is Nawaf Al Ahmad Al jaber Al Sabah. Its land area is 17,820 km2. Its land area rank is 152nd in the world. Its total population is 4,420,200 in the year 2020.

Its population rank is 127th in the world. Its population density is 200/km2. Its population density rank is 61st in the world countries.

Kuwait Economy

Kuwait’s currency is called the Kuwaiti dinar. Kuwait’s economy is generally called the developing and emerging economy and a high-income economy country.

The inflation rate in Kuwait is 0.5% in the year 2018. The unemployment rate in Kuwait is 2.2% in the year 2018. Its gross external debt is $49 billion in the year 2018.

Kuwait GDP

Its total GDP is $132 billion (nominal) and $208 billion (PPP) in the year 2021. Its GDP growth rate is 1.6% in the year 2021.

Its GDP per capita is $32,350 (nominal) and $41,700 (PPP) in the year 2020. When we talk about its GDP by sector, agriculture 0.5%, industry 59%, and services are 41% in the year 2018.

Kuwait Exports

Kuwait’s total exports are $40 billion in the year 2021. Its main export goods are oil, cars, vehicles, and others. Its main export partners are India, China, Saudi Arabia, and others.

Kuwait Imports

Its total imports are $28 billion in the year 2021. Its main import goods are food products, clothing, and others. Its main import partners are China, UAE, Japan, and others.

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