Kuwait: Staff Report for 2005 Article IV Consultation
IMF Staff Country Reports, July 14, 2005
Source details
- Canonical URL
- Kuwait: Staff Report for 2005 Article IV Consultation
Other formats
Bibliographic details
- Published: July 14, 2005
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451822328.002
Executive summary and outlook
- Economic and financial positions are projected to remain strong mainly on the expectation that world oil prices will decline only gradually.
- Reflecting sharply higher oil prices and production, economic conditions improved significantly in 2003 and 2004.
- Main economic challenge: create sufficient employment opportunities for the rapidly growing national labor force by accelerating the growth of the private non-oil economy.
Key findings
- Recent performance:
- Economic conditions improved significantly in 2003 and 2004 due to sharply higher oil prices and production.
- Outlook drivers:
- Strength of fiscal and external positions depends on the path of world oil prices; current projections assume a gradual decline in world oil prices.
- Structural priority:
- Accelerate growth of the private non-oil economy to absorb the rapidly growing national labor force.
Subjects and thematic coverage
- Banking
- Commodities
- Fiscal policy
- Fiscal stance
- Income
- International trade
- Monetary expansion
- National accounts
- Oil
- Oil exports
- Oil prices
- Prices
Keywords (as listed)
- CR
- East Asia
- economic statistics
- Fiscal stance
- Global
- Income
- ISCR
- Kuwait stock exchange index
- market condition
- Oil
- Oil exports
- oil market stability
- Oil prices
- projection
- surplus
- WEO oil price projection
International Monetary Fund. "Kuwait: Staff Report for 2005 Article IV Consultation", IMF Staff Country Reports 2005, 231 (2005).
Content in this bundle
- _cr05231 - Executive Summary