Kuwait

Region: Asia and Oceania
 

Classification of economies by geographic region is based on that of the United Nations Statistics Division.

High Income
 

Based on the income levels set out by the World Economic Forum (WEF) in its Global Competitiveness Report. However, the groupings are slightly different due to the numbers of economies covered. For GEM, the low income group contains both those classified as low income and lower middle by WEF, and the middle income group has those that WEF groups as upper middle. High income is the same for both GEM and WEF.

Population: 4.1 million (2018)
 

Population data is from the World Bank, except Palestinian Territories World Population Review and Taiwan Worldometers

GDP Growth: -3.5%(2017)
 

GDP growth data is from the World Economic Outlook Database, except Palestinian Territories Worldometers

GDP Per Capita: $25,267 (2016)
 

GDP per capita data is from the World Economic Outlook Database, except Palestinian Territories Worldometers

Kuwait Reports

Name
Report information
pdf
  • Year of publication: 2021
  • Category: National Reports
  • Language: English
  • Upload date: 2021-09-30

  • Kuwait has an ambitious goal to become a financial and trade hub regionally and internationally. The Kuwait Vision of 2035 aims to encourage entrepreneurial activity as a key driver to economic diversification, innovation, and sustainable economic growth. In support of this transformation to the knowledge economy, we are proud to present the first GEM Kuwait National Report 2020/21. This report draws on extensive market research, including collecting high-quality data gathered from 2,092 interviews with residents of Kuwait (between the ages of 18 and 64 years) across all nationalities and genders. The data also gathered 37 carefully chosen Kuwait National Experts across nine framework categories. This study comes at a critical juncture where Kuwait faces unprecedented challenges of global pandemic compounded by an unstable oil price. Therefore, the GEM Kuwait National Report 2020/21 measures the entrepreneurial activity in Kuwait across several dimensions. The study provides insights into the perceptions, attitudes, and activities of Kuwait’s entrepreneurs. The National Report is highly valuable in assessing the entrepreneurship ecosystem in Kuwait, outlines strengths and areas of improvement for entrepreneurial development across the country. The report also examines the level of entrepreneurial activity compared to other economies in the region and internationally. I would like to take this opportunity to congratulate the GEM National Team for this rich report. Also, we would like to thank everyone involved in this collective effort with particular appreciation to our sponsor Kuwait Foundation for the Advancement of Sciences (KFAS). Special thanks go to the GEM Global Team for their continuous support. We hope that this study will serve as a foundation for further discussion and research among scholars and policymakers in Kuwait.
  • URL: https://gemconsortium.org/report/50757
GEM Kuwait 2020-2021
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