Macroeconomic Outlook Report: Kuwait

Macroeconomic Outlook Report: Kuwait

Summary

Mining, manufacturing, and utilities contributed 57.4% to the gross value added (GVA) in 2024, followed by financial intermediation, real estate, and business activities (12.3%) and transport, storage, and communication (4.7%). In nominal terms, the three sectors are forecast to grow by 1.8%, 0.1%, and 0.8% in 2025, respectively.

According to GlobalData’s cities database, in 2024, Kuwait City was home to 67.1% of Kuwait’s population and accounted for 70.6% of the country’s total GDP.

In April 2025, Kuwait has earmarked nearly $6 billion for infrastructure and service projects in its 2025–26 budget, with a focus on rail, roads, water, and electricity.

Scope

• Macroeconomic Country Outlook Reports evaluate a country's investment potential through its political, economic, social, technological, legal, and environmental (PESTLE) framework.
• This comprehensive analysis offers a holistic view of the economy, serving as a strategic tool to understand market dynamics, business potential, and operational direction. Each PESTLE factor is examined based on four parameters: current strengths, current challenges, future prospects, and future risks.
• These insights support strategic planning by highlighting opportunities and risks within the economy, helping businesses and investors make informed decisions.
• The report aims to provide a detailed understanding of the country's macroeconomic environment to facilitate effective decision-making and strategy development.

• Macroeconomic Outlook Report identifies the potentials of the country as an investment destination by analyzing the political, economic, social, technological, legal and environmental (PESTLE) structure.
• PESTLE Insights provides 360 degree view of the economy which can be used as a strategic tool to understand the market dynamics, business potentials and direction of operations
• Along with providing the country’s snapshot, the report captures the risk factors pertaining to the macroeconomic risks, political environment, legal environment, demographic and social structure effectiveness, technology & infrastructure and natural and geographic aspects that might impact business.
• This report also highlights key clusters/cities which contribute significantly to the country GDP and population along with major companies’ presence in these areas.