## Kuwait: Staff Report for the 2002 Article IV Consultation

_IMF Staff Country Reports, January 21, 2003_

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**Canonical URL:** [Kuwait: Staff Report for the 2002 Article IV Consultation](https://www.imf.org/en/publications/cr/issues/2016/12/30/kuwait-staff-report-for-the-2002-article-iv-consultation-16291)

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## Bibliographic details
- Published: January 21, 2003
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451822281.002

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### Key findings on growth and output
- In 2001, overall real growth for Kuwait fell slightly as oil output dropped following OPEC-mandated production cuts.
- Real non-oil GDP growth decelerated to 0.5 percent from 1 percent in 2000 as private sector investment remained broadly unchanged.

### Inflation and exchange rate
- Inflation remained low at less than 2 percent, reflecting little increase in import prices and a modest nominal effective appreciation of the dinar.

### Macroeconomic position and external receipts
- The macroeconomic position continued to be strong despite a decline in oil export receipts.

### Thematic coverage (as listed)
- Balance of payments
- Banking
- Commercial banks
- External debt
- Financial markets
- Foreign direct investment
- National accounts
- Private investment
- Stock markets

*International Monetary Fund. "Kuwait: Staff Report for the 2002 Article IV Consultation", IMF Staff Country Reports 2003, 013 (2003).*

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/30/kuwait-staff-report-for-the-2002-article-iv-consultation-16291_