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Macro - Country Economic Forecasts - Kuwait

Publisher Oxford Economics
Published Jan 16, 2026
Length 6 Pages
SKU # OFE20872847

Description

We have kept our GDP growth projections for Kuwait unchanged at 3.4% in 2026 and 2.7% in 2027. The oil sector is likely to drive activity and expand by 4.2% this year, assuming that OPEC+ production hikes resume in H2 2026. We expect growth to pick up to 2.8% in the non-oil economy, which entered 2026 on a strong footing.

Table of Contents

6 Pages
Kuwait: Non-oil sector growth set to gain pace in 2026
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
Economic risk
Economic risk evaluation
Background
Economic development
Structure of the economy
Balance of payments
Policy and politics

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