Investor Presentaiton
PUBLIC
Overview of Kuwait
Overview
Fiscal breakeven oil price*
98
88
1992
79
75
80
85
100
95
93
90
g གྷ 8 8 པྱ ལྐ 8 8 8 8 རྟེ
75
70
68
74
72
66
65
60
62
62
55
50
14/15
15/16
16/17
17/18
18/19 19/20 20/21
21/22 22/23
23/24f
■ The State of Kuwait is a sovereign state on the coast of the Arabian
Gulf with a population of 4.74 million (PACI data).
■ Kuwait is a constitutional monarchy, headed by His Highness the
Emir, Sheikh Nawaf Al-Ahmad Al-Jaber Al-Sabah.
■ Kuwait enjoys an open economy, dominated by the government
sector. Its economy is primarily dependent on the oil industry, but
has witnessed growing contribution from non-oil sectors.
■ Kuwait has one of the lowest industry breakeven oil prices in the
world and a fiscal breakeven lower than some other GCC countries,
making it more resilient to low oil prices. It has one of the world's
largest sovereign wealth funds and very low debt, which underpins
its investment grade sovereign credit rating.
■ Kuwait has a long-term policy vision under the banner of "Kuwait
Vision 2035". It encompasses six strategic aims: increasing GDP
growth; encouraging the private sector; supporting human and
social development; promoting demographic policies; enhancing
and improving the effectiveness of government administration and
consolidating the country's Islamic and Arab identity.
100
95
90
85
80
Key Indicators
Sovereign Ratings
Current Account
Sources: Central Bank of Kuwait, Central Statistical Bureau, Ministry of Finance, Public Authority for Civil Information (PACI), NBK estimates
Key economic indicators
2022e
2023f
A1/A+ / AA (M/S/F)
$60.5bn
$52.7bn
Government Revenues* (% GDP)
Public Debt* (%GDP)
50.0%
44%
3.0%
2.9%
*Excludes investment income and on a fiscal year basis
National Bank of Kuwait 17View entire presentation