The Arab Investment and Export Credit Guarantee Corporation expected that Kuwait’s general budget will achieve a surplus in 2022 of $1.4 billion (1% of GDP), compared to a deficit that the report estimated at about $1.9 billion (1.5 percent of output) last year.
“Daman” expects Kuwait's GDP to rise by 0.9% in 2021 to $132.3 billion, while it expected the output, according to purchasing power parity, to reach about $211.3 billion last year. As for the current year, Kuwait's gross domestic product is expected to grow by about 4.3 percent to $138.8 billion, to reach, at purchasing power parity, $226.5 billion.
The report, based on International Monetary Fund statistics, showed that the per capita GDP in Kuwait amounted to 27,927 thousand dollars in 2021, with expectations that it will continue to rise to 28,822 this year. As for the per capita output according to purchasing power parity, it was estimated by “Daman” at $44,609 thousand in 2021 and $47,036 in 2022.
“Daman” expected a slight decrease in the inflation rate from 3.2 percent in 2021 to 3 percent this year. The total investment in Kuwait is expected to grow from $37.6 billion (28.4 percent of output) last year to 40.7 billion (29.3 percent of output) in 2022.
Source (Al-Rai Kuwaiti Newspaper, Edited)
