Kuwait: Staff Report for the 2002 Article IV Consultation

International Monetary Fund

No 2003/013, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2002 Article IV Consultation highlights that in 2001, overall real growth for Kuwait fell slightly as oil output dropped following OPEC-mandated production cuts. The real non-oil GDP growth decelerated to 0.5 percent from 1 percent in 2000 as the private sector investment remained broadly unchanged. Inflation remained low at less than 2 percent, reflecting little increase in import prices and a modest nominal effective appreciation of the dinar. The macroeconomic position continued to be strong despite a decline in oil exports receipts.

Keywords: ISCR; CR; government; surplus; Kuwaiti dinar; fund; economy; maintenance service; private sector participation; government employee; inflation low; IMF staff estimate; private sector activity; U.S. dollar; open economy; exchange rate; government budget surplus; Stock markets; Private investment; Foreign direct investment; Global (search for similar items in EconPapers)
Pages: 54
Date: 2003-01-21
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