Kuwait Oil Economy

Kuwait GDP Contracts 4.35% in Q4 2023

Kuwait's GDP fell 4.35% year-on-year in Q4 2023, reaching 10.33 billion dinars ($33.77 billion), down from 10.80 billion dinars in Q4 2022. A 6.4% drop in oil-sector value and a 2.3% non-oil contraction drove the decline, highlighting Kuwait's vulnerability to global crude

20 Jun 2024