Economics and statistics

Kuwait is one of the most oil-dependent economies in the Gulf: hydrocarbon exports form the lion's share of GDP, budget and current account; the growth trajectory is sensitive to production prices and quotas.

Fiscal risks are smoothed out by a large "cushion" of the sovereign fund and low public debt.

Monetary policy relies on a managed dinar rate against a basket of currencies, which helps keep inflation moderate.

The non-oil part is gradually expanding due to oil and gas chemistry, logistics, construction, financial services and development; digital payments and e-commerce are growing amid high banking penetration.

The labor market is characterized by a high share of the public sector and a significant participation of expats in the private economy.

For monitoring: total and non-oil GDP, oil production and export, average Brent price, budget balance and level of reserves, public debt, inflation and rates, balance of payments, unemployment and employment (for residents/expats), PMI of the non-oil sector, POS turnover/online payments, real estate transactions and government investments - these metrics show the stability of demand and the investment cycle.