Private Consumption in Kuwait
The Kuwaiti economy recorded an average growth rate of 6.2% in private consumption in the decade to 2019, well above the 4.0% average for the Middle East & North Africa region. In 2019, private consumption growth was 2.3%. For more private consumption information, visit our dedicated page.
Kuwait Private consumption Chart
Note: This chart displays Private Consumption (annual variation in %) for Kuwait from 2020 to 2017.
Source: Macrobond.
Kuwait Private consumption Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Private Consumption (ann. var. %) | 2.4 | -11.3 | 7.6 | 1.7 | - |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Kuwaiti private consumption projections for the next ten years from a panel of 10 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable private consumption forecast available for Kuwaiti private consumption.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Kuwaiti private consumption projections.
Want to get access to the full dataset of Kuwaiti private consumption forecasts? Send an email to info@focus-economics.com.