RIYADH: Kuwait’s economy is on a steady recovery in 2025, driven by rising oil output and resilient non-oil growth after contracting 2.6 percent last year, the International Monetary Fund has said.
Following its staff visit to the country, the IMF said higher oil production, after the recent unwinding of OPEC+ cuts, is expected to lift the oil sector by 2.4 percent, while non-oil growth is projected at 2.7 percent.
The forecast aligns closely with the World Bank’s April projection of 2.2 percent growth this year, with expansion accelerating to 2.7 percent in 2026 and 2027.
IMF Mission Chief for Kuwait Francisco Parodi said: “The economy is recovering amid higher oil production and robust non-oil growth. An incipient recovery is underway, with real GDP expanding by 1 percent in the first quarter of 2025.”
He added: “For 2025, real GDP is projected to expand by 2.6 percent.”
