Macroeconomic Forecast Kuwait

Kuwait's Development Plan announced in 2010 will boost economic growth through a gradual pick-up in the non-hydrocarbon sector over the coming years. While government spending will remain the fastest growing component of GDP in 2011, from 2012 onwards household consumption and GFCF growth will slowly pick up and contribute increasingly more to the headline growth figure. Kuwait's economy is forecast to continue its recovery and grow 3.4% in 2011, from an estimated 2.0% in 2010, before accelerating through 2015 and averaging 4.0%.

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