Lewes, DE -- (SBWIRE) -- 12/14/2017 -- As per International Monetary Fund (IMF) Kuwait's nominal gross domestic product is expected to grow at a CAGR of 6.29% from it's 2015 level of KWD 34.315 billion and reach KWD 52.578 billion by 2022.

Kuwait's small and open economy is undiversified and almost fully based on the oil sector, which is a source of financial strength, but also a severe structural weakness. Kuwait holds the sixth-largest proven oil reserves in the world, enough to sustain current production of 3m bpd for 90 years. Kuwait is the world's eighth-largest oil producer.

Kuwait had estimated population of 4.225 million in the year 2016 and expected to reach 4.982 million by 2022, growing at a CAGR of 2.79%. Kuwait's unemployment rate was estimated to be 2.072% of total labor force which is expected to remain same till 2022.

Kuwait's real gross domestic product (GDP) was around KWD 41.795 billions in 2016 whereas the nominal GDP was KWD 33.342 billions. This resulted in GDP deflator 79.776. Per capita GDP was estimated at USD 26004.71 whereas purchasing power parity (PPP) based per capita GDP was estimated to be at USD 71887.33.

In 2016, Kuwait government's revenue was KWD 17.301 billions whereas the expenditure was KWD 18.508 billions. This resulted Kuwait government's net lending / borrowing negative at KWD 1.206 billion in 2016.

The current account balance for Kuwait was estimated to be at USD 2.977 billions for the year 2016 and is expected to grow at a CAGR of 5.62% and reach USD 8.757 by 2022. This positive current account balance indicates the Kuwait is net lender to the whole world.

Scope of the Kuwait PESTEL Analysis, SWOT Analysis and Risk Analysis Market Research Reports
- These reports provide information about key macroeconomic indicators for Kuwait.
- These reports provide PESTELE (political, economic, social, technological, environmental and legal) analysis for Kuwait.
- These reports provide SWOT (strengths, weaknesses, opportunities and threats) analysis for Kuwait.
- These reports provide risk analysis for Kuwait.

For more information and to purchase Kuwait PESTEL Analysis Market Research Report please visit: https://www.marketresearchreports.com/market-research-reports-inc/kuwait-pestel-analysis-market-research-report

For more information and to purchase Kuwait SWOT Analysis Market Research Report please visit: https://www.marketresearchreports.com/market-research-reports-inc/kuwait-swot-analysis-market-research-report

For more information and to purchase Kuwait Risk Analysis Market Research Report please visit: https://www.marketresearchreports.com/market-research-reports-inc/kuwait-risk-analysis-market-research-report

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