Kuwait: Staff Report for the 2002 Article IV Consultation
January 21, 2003
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This 2002 Article IV Consultation highlights that in 2001, overall real growth for Kuwait fell slightly as oil output dropped following OPEC-mandated production cuts. The real non-oil GDP growth decelerated to 0.5 percent from 1 percent in 2000 as the private sector investment remained broadly unchanged. Inflation remained low at less than 2 percent, reflecting little increase in import prices and a modest nominal effective appreciation of the dinar. The macroeconomic position continued to be strong despite a decline in oil exports receipts.
Subject: Balance of payments, Banking, Commercial banks, External debt, Financial markets, Foreign direct investment, National accounts, Private investment, Stock markets
Keywords: CR, economy, exchange rate, Foreign direct investment, fund, Global, government, government budget surplus, government employee, IMF staff estimate, inflation low, ISCR, Kuwaiti dinar, maintenance service, open economy, Private investment, private sector activity, private sector participation, Stock markets, surplus, U.S. dollar
Pages:
54
Volume:
2003
DOI:
---
Issue:
013
Series:
Country Report No. 2003/013
Stock No:
1KWTEA0012003
ISBN:
9781451822281
ISSN:
1934-7685
