Country Profile
From The Report: Kuwait 2025
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Kuwait, at the north-western tip of the Arabian Gulf bordering Saudi Arabia and Iraq, combines political tradition with economic weight. A constitutional monarchy led by a hereditary emir, it is a founding member of the GCC and the Organisation of the Petroleum Exporting Countries. Its parliament, the Gulf’s oldest directly elected body, underpins one of the region’s most active political landscapes. Despite its small size, Kuwait holds the world’s sixth-largest crude oil reserves. In 2025 a priority is stronger alignment between the executive and legislature to advance New Kuwait 2035 and navigate evolving regional and global dynamics. A major step was the March 2025 public debt law, restoring access to international capital markets and setting a KD30bn ($97.7bn) borrowing ceiling for strategic projects. GDP growth for 2025 is projected at about 2.6%, supported by higher oil output and steady non-oil expansion, while inflation has eased and reforms are gathering pace.

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Overview

Development path: Achievements and key targets across the fields of governance, energy and economic diversification
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Kuwait, located at the north-western tip of the Arabian Gulf and sharing borders with Saudi Arabia and Iraq, blends political tradition with economic weight. Governed as a constitutional monarchy under the leadership of a hereditary emir, the country is both a founding member of the GCC and the Organisation of the Petroleum Exporting Countries (OPEC). Its Parliament, the oldest directly elected body in the Gulf, reflects one of the region’s most active political landscapes. Despite its modest land size, Kuwait possesses the world’s sixth-largest crude oil reserves, which provides the backbone of its prosperity and long-term growth. As of 2025…

Viewpoint

Prosperous future: Sheikh Ahmad Abdullah Al Ahmad Al Sabah, Prime Minister of Kuwait, on recent developments reflecting major reforms
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Over the past year, Kuwait has taken fundamental reform steps to strengthen financial stability and ensure the sustainability of public finances, as well as to begin reforming the national economy by diversifying it and increasing private sector participation. Foremost among these steps was the adoption of the financing and liquidity law as a regulatory legislative framework for managing financial obligations and public debt. We are also on the verge of approving the first legislation regulating…