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As of 2019, over ** percent of Kuwait's GDP was generated from oil rents. At the same time, **** percent of Bahrain's GDP was generated by oil rents. The average share of GDP generated from oil rents in the Middle East and North African region was ** percent.
The worldwide production of oil has been increasing steadily over the past few years. By the end of 2019, oil production had reached nearly *** billion metric tons. Among the leading oil-producing countries, two Gulf Cooperation Council (GCC) countries, Saudi Arabia and Kuwait, had ranked third and tenth, respectively.
In Kuwait, the gross domestic product (GDP) from oil and gas extraction and services was forecasted to be approximately ** billion Kuwaiti dinars in 2019. In the same year, it was also predicted that Kuwait's GDP growth would reach above four percent.
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* For commercial use only
Basic Account
Starter Account
The statistic on this page is a Premium Statistic and is included in this account.
Professional Account
1 All prices do not include sales tax. The account requires an annual contract and will renew after one year to the regular list price.
