Macro - Country Economic Forecasts - Kuwait
Our real GDP growth forecast for Kuwait is 0.5% for 2024. Oil production has remained stable, though still above the 2.41 mb/d target at 2.52 mb/d in August. Kuwait is moving into offshore exploration. In particular, the sizeable Al-Nokhatha field discovery will improve its productive capacity substantially, in line with its 4mb/d target for 2035. Although the current OPEC projections for this year and next show slower production, the medium- and long-term forecasts are much more optimistic.
- Kuwait: Non-oil sector performance dips
- Forecast overview
- Recent developments
- Key drivers of our short-term forecast
- Downside risks remain significant
- Economic risk
- Economic risk evaluation
- Background
- Economic development
- Structure of the economy
- Balance of payments
- Policy and politics
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