## 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](https://www.imf.org/en/publications/cr/issues/2016/12/31/kuwait-staff-report-for-2005-article-iv-consultation-18402)

## Other formats

- [Markdown version](/en/publications/cr/issues/2016/12/31/kuwait-staff-report-for-2005-article-iv-consultation-18402/index.md)
- [Structured JSON version](/en/publications/cr/issues/2016/12/31/kuwait-staff-report-for-2005-article-iv-consultation-18402/index.json)
- [Bundle manifest](/en/publications/cr/issues/2016/12/31/kuwait-staff-report-for-2005-article-iv-consultation-18402/bundle-manifest.json)

## Bibliographic details
- Published: July 14, 2005
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451822328.002

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### 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).*

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## Content in this bundle

- **_cr05231 - Executive Summary**
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  - [_cr05231 - Executive Summary (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2005/_cr05231.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/kuwait-staff-report-for-2005-article-iv-consultation-18402_