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Country Profile - Kuwait

  • July 2015
  • -
  • Frost & Sullivan
  • -
  • 58 pages

A country profile is an instant guide to the political, economic, demographic, industrial, and business environment of a market. The report provides a range of quantitative and qualitative information on a variety of national aspects including geography, economy, education, demography, labor, political climate, infrastructure, industry, tax, trade, investment and ease of doing business. It also provides a PESTLE analysis of a country’s business climate. The country profile can be an effective tool for businesses in their marketing, strategy and planning exercises.

Executive summary
- Located at the head of the Persian Gulf between Iraq and Saudi Arabia, Kuwait enjoys strategic importance.
- Revenue from petroleum products are the cornerstone of the Kuwaiti economy accounting for over half of GDP, percent of export revenues, and percent of government income.
- Kuwait is a oil money-funded welfare state with increasing budget expenditures, particularly on wage hikes for public sector employees.
- Agriculture comprised percent of GDP while industry’s share was percent and the share of services was % (2014). Considering the overall domestic political tensions of the economy, the average growth will be around percent over the period 2015-20.
- Large investments in the energy sector between 2015 and 2018 including the Al Zour refinery and the Clean Fuels project modernise existing refineries and transport will aid growth.
- Under Kuwait Vision 2035, The Kuwaiti government aims to establish a new ideology for strategic planning and visions as well as to transform the country into a financial and international hub. Kuwait enjoys a relatively liberal trade regime with open markets and flexible policies.
- In comparison to all other countries in the Middle East region, Kuwait has done little to diversify its economy and is hindered by a poor business climate and an acrimonious relationship between the National Assembly and the executive branch that has stymied economic reforms.

Table Of Contents

Country Profile - Kuwait
Executive Summary
Executive summary

General Overview
Kuwait - General Overview
Kuwait - General Overview - Geography
Kuwait - General Overview - Climate

Demographic Trends
KuwaitDemographic Trends - Population and its Structure
Kuwait - Demographic Trends - Select Indicators
Kuwait - Demographic Trends - Working Population
Kuwait - Demographic Trends - Labour Market
Kuwait - Demographic Trends - Workforce Regulations

Political Overview
Kuwait - Political Overview - Domestic Scene
Kuwait - Political Overview - International Scene

Economic Scenario
Kuwait - Economic Scenario - The Constituents of the Economy
Kuwait - Economic Scenario - Select Indicators
Kuwait - Economic Scenario - Money and Banking
Kuwait - Economic Scenario - Financial Support for Industry

PESTLE Analysis
Kuwait - PESTLE Analysis - An Overview
Kuwait - PESTLE Analysis - Key Factors (1/2)
Kuwait - PESTLE Analysis - Key Factors (2/2)

Infrastructure
Kuwait - Infrastructure - Select Indicators
Kuwait - Infrastructure - Natural resources

Industry
Kuwait - Industry - Select Indicators
Kuwait - Industry - Structure
Kuwait - Industry - Shareholder Rights
Kuwait - Industry - Supportive Actions and Policies

Trade and Investment
Kuwait - Trade and Investment Environment
Kuwait - Trade and Investment Environment - Trade Agreements

Ease of Doing Business
Kuwait - Ease of Doing Business - A Snapshot
Kuwait - Ease of Doing Business - Setting up Business
Kuwait - Ease of Doing Business - Starting a Business and Permits
Kuwait - Ease of Doing Business - Electricity, Property and Credit
Kuwait - Ease of Doing Business - Investors and Contracts
Kuwait - Ease of Doing Business - Taxes and Trading Across Border
Kuwait - Ease of Doing Business - Resolving Insolvency

Tax Environment
Kuwait - Tax Environment - Income tax
Kuwait - Tax Environment - Property tax, Sales tax, VAT
Kuwait - Trade Environment - Custom Tariffs
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