ABK Financial Overview and Market Position
SNAPSHOT OF KUWAIT'S ECONOMY
Key Economic Indicators
(%
Population
2023
Inflation
Feb 2023
CBK Benchmark
Rate
4.4 million
3.2%
4.0%
Evolution of oil price and Kuwait's - average daily
crude oil production
Oil Price (USD/bl)
75.3
78.5
77.8
63.5
51.8
114.8
107.9
89.5
78.1
78.1
GCC GDP per capita (2023) (USD'000)
65
47
27
24
22
199
Qatar
UAE
Kuwait
Bahrain
KSA
Oman
Fiscal Oil price breakeven (April 2022) compared to
other GCC countries (USD/bl)
Dec-20
Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22
Average Crude Oil production (millions bbl/day)
Sep-22 Dec-22 Mar-23
53
56
56
73
76
79
128
2.9
2.9
2.9
3.0
2.7
2.7
2.7
2.4
2.6
2.7
2.7
Kuwait
Qatar
Oman
UAE
KSA
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023 F
Bahrain
14
GDP per Capita Source: IHS Markit 2023View entire presentation