Kuwait 2023
Detailed economic analysis and indicators for 2023
Key Economic Indicators (2023)
GDP (Current USD)
$163.70 billion
↓ 11.00% vs 2022GDP per Capita
$33,729.80
↓ 15.84% vs 2022GDP Growth (Annual %)
-3.64%
↓ 9.50pp vs 2022Inflation Rate (CPI %)
3.64%
↓ 0.34pp vs 2022Year-over-Year Comparison
| Indicator | 2022 | 2023 | Change |
|---|---|---|---|
| GDP (Current USD) | $183.94 billion | $163.70 billion | -11.00% |
| GDP per Capita | $40,077.24 | $33,729.80 | -15.84% |
| GDP Growth (Annual %) | 5.86% | -3.64% | -9.50pp |
| Inflation (CPI %) | 3.98% | 3.64% | -0.34pp |
| Unemployment Rate (%) | 2.17% | 2.13% | -0.05pp |
All Economic Indicators (2023)
National Accounts
- GDP (Current USD)
- $163.70 billion
- GDP per Capita
- $33,729.80
- GDP Growth (Annual %)
- -3.64%
- Gross National Income
- $195.99 billion
Prices & Employment
- Inflation (CPI %)
- 3.64%
- Inflation (GDP Deflator %)
- -7.36%
- Unemployment Rate (%)
- 2.13%
- Interest Rate (Real %)
- 13.26%
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)
- 31.40%
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2023, Kuwait's Gross Domestic Product (GDP) is $163.70 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Kuwait for 2023 is $33,729.80. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in Kuwait for 2023 is 3.64%. This measures the annual percentage change in the cost of consumer goods and services.
Kuwait's annual GDP growth rate for 2023 is -3.64%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Kuwait for 2023 is 2.13%. This represents the percentage of the labor force that is unemployed and actively seeking employment.