kw Kuwait 2021

Detailed economic analysis and indicators for 2021

Year 2021

Key Economic Indicators (2021)

GDP (Current USD)

$148.46 billion

↑ 33.69% vs 2020
GDP per Capita

$34,043.54

↑ 34.90% vs 2020
GDP Growth (Annual %)

2.26%

↑ 7.08pp vs 2020
Inflation Rate (CPI %)

3.42%

↑ 1.32pp vs 2020

Year-over-Year Comparison

Indicator 2020 2021 Change
GDP (Current USD) $111.05 billion $148.46 billion +33.69%
GDP per Capita $25,236.08 $34,043.54 +34.90%
GDP Growth (Annual %) -4.82% 2.26% +7.08pp
Inflation (CPI %) 2.10% 3.42% +1.32pp
Unemployment Rate (%) 3.56% 3.00% -0.56pp

All Economic Indicators (2021)

National Accounts
GDP (Current USD)
$148.46 billion
GDP per Capita
$34,043.54
GDP Growth (Annual %)
2.26%
Gross National Income
$172.59 billion
Prices & Employment
Inflation (CPI %)
3.42%
Inflation (GDP Deflator %)
28.78%
Unemployment Rate (%)
3.00%
Interest Rate (Real %)
-19.47%
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)
23.54%
Government Debt (% GDP)
N/A
Data Last Updated
2025-10-23

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Frequently Asked Questions

As of 2021, Kuwait's Gross Domestic Product (GDP) is $148.46 billion. This represents the total value of goods and services produced in the country.

The GDP per capita in Kuwait for 2021 is $34,043.54. GDP per capita is calculated by dividing the country's GDP by its population.

The Consumer Price Index (CPI) inflation rate in Kuwait for 2021 is 3.42%. This measures the annual percentage change in the cost of consumer goods and services.

Kuwait's annual GDP growth rate for 2021 is 2.26%. This indicates the rate at which the country's economy is expanding or contracting.

The unemployment rate in Kuwait for 2021 is 3.00%. This represents the percentage of the labor force that is unemployed and actively seeking employment.