Kuwait 2016
Detailed economic analysis and indicators for 2016
Key Economic Indicators (2016)
GDP (Current USD)
$109.41 billion
↓ 4.52% vs 2015GDP per Capita
$27,323.69
↓ 8.56% vs 2015GDP Growth (Annual %)
2.93%
↑ 2.33pp vs 2015Inflation Rate (CPI %)
3.20%
↓ 0.07pp vs 2015Year-over-Year Comparison
| Indicator | 2015 | 2016 | Change |
|---|---|---|---|
| GDP (Current USD) | $114.59 billion | $109.41 billion | -4.52% |
| GDP per Capita | $29,882.21 | $27,323.69 | -8.56% |
| GDP Growth (Annual %) | 0.59% | 2.93% | +2.33pp |
| Inflation (CPI %) | 3.27% | 3.20% | -0.07pp |
| Unemployment Rate (%) | 2.20% | 2.16% | -0.04pp |
All Economic Indicators (2016)
National Accounts
- GDP (Current USD)
- $109.41 billion
- GDP per Capita
- $27,323.69
- GDP Growth (Annual %)
- 2.93%
- Gross National Income
- $122.19 billion
Prices & Employment
- Inflation (CPI %)
- 3.20%
- Inflation (GDP Deflator %)
- -6.84%
- Unemployment Rate (%)
- 2.16%
- Interest Rate (Real %)
- 12.14%
Trade & Investment
- Exports (Goods & Services)
- N/A
- Imports (Goods & Services)
- N/A
- FDI Inflow
- N/A
- FDI Outflow
- N/A
Balance & Debt
- Current Account Balance (% GDP)
- 0.59%
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2016, Kuwait's Gross Domestic Product (GDP) is $109.41 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Kuwait for 2016 is $27,323.69. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in Kuwait for 2016 is 3.20%. This measures the annual percentage change in the cost of consumer goods and services.
Kuwait's annual GDP growth rate for 2016 is 2.93%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Kuwait for 2016 is 2.16%. This represents the percentage of the labor force that is unemployed and actively seeking employment.