PESTLE Analysis of Kuwait 2016
Kuwait economy is dominated by the industrial sector which contributed approximately 74.8% to the total GDP in 2015. Mining and quarrying is the major contributing 57.4% of GDP. Kuwait has a new Development Plan which provides direction for prioritizing capital expenditure, encouraging private investment and creating jobs for nationals in the private sector Kuwait’s government has diversified the economy from the oil sector to the non-oil sector. The non-oil sectors such as retail sector, healthcare sector, education, residential housing, and banking and financial sector is expected to driver economic growth during the forecast period.
Lucintel, a leading global management consulting and market research firm, has analyzed the political, economic, social, technological, legal, and environmental factors of Kuwait, and has come up with a comprehensive research report “PESTLE Analysis of Kuwait 2016.” This report provides an analysis of the Kuwait economy from historical, current, and future perspectives. SWOT analysis, forecast, scenario analysis, and risk analysis of Kuwait is also included in the report. The report also includes forecast of the economic growth through 2021.
The report highlights various drivers and challenges which have influence on development decisions in the economy. Kuwait is considered to be one of the most democratic and liberal countries in the Middle East region. Kuwait is a politically stable country which follows constitutional monarchy. Kuwait has the sixth largest oil reserve and 20th largest natural gas reserve in the world. It is the fourth largest petroleum exporter in the world. Kuwait has welleducated workforce, leading to skilled labor pool that is beneficial for the techno-based industries, such as telecom, IT, automobile, and business services. Industrial sector is the main sector, which is driving the economic growth of Kuwait. The country, however, is facing social challenges such as increasing crime rate which is raising the level of corruption. Kuwait is highly dependent on oil revenue, which is one of the main challenges. If oil prices go down, it directly affects the country’s GDP. The other challenge for Kuwait is low R&D investment.
This unique report from Lucintel will provide you with valuable information, insights, and tools needed to identify new growth opportunities and operate your business successfully in this market. This report will save hundreds of hours of your own personal research time and will significantly benefit you in expanding your business in this market. In today’s stringent economy, you need every advantage that you can find.
Lucintel, a leading global management consulting and market research firm, has analyzed the political, economic, social, technological, legal, and environmental factors of Kuwait, and has come up with a comprehensive research report “PESTLE Analysis of Kuwait 2016.” This report provides an analysis of the Kuwait economy from historical, current, and future perspectives. SWOT analysis, forecast, scenario analysis, and risk analysis of Kuwait is also included in the report. The report also includes forecast of the economic growth through 2021.
The report highlights various drivers and challenges which have influence on development decisions in the economy. Kuwait is considered to be one of the most democratic and liberal countries in the Middle East region. Kuwait is a politically stable country which follows constitutional monarchy. Kuwait has the sixth largest oil reserve and 20th largest natural gas reserve in the world. It is the fourth largest petroleum exporter in the world. Kuwait has welleducated workforce, leading to skilled labor pool that is beneficial for the techno-based industries, such as telecom, IT, automobile, and business services. Industrial sector is the main sector, which is driving the economic growth of Kuwait. The country, however, is facing social challenges such as increasing crime rate which is raising the level of corruption. Kuwait is highly dependent on oil revenue, which is one of the main challenges. If oil prices go down, it directly affects the country’s GDP. The other challenge for Kuwait is low R&D investment.
This unique report from Lucintel will provide you with valuable information, insights, and tools needed to identify new growth opportunities and operate your business successfully in this market. This report will save hundreds of hours of your own personal research time and will significantly benefit you in expanding your business in this market. In today’s stringent economy, you need every advantage that you can find.
1. EXECUTIVE SUMMARY
2. POLITICAL ANALYSIS OF KUWAIT
2.1: Structure and Stability of the Government
2.2: Government Policy Agenda
2.2.1: Policy Agenda – Reforms and Future Plans
3. ECONOMIC ANALYSIS OF KUWAIT
3.1: Sectoral Contribution to GDP and GDP Growth Rate
3.2: Macroeconomic Forecast and Scenario Analysis (2016-2021)
3.3: Pricing Trends-Inflation and Interest Rates
3.4: Consumption, Saving, and Investment Trends
3.5: International Trade and Its Contribution to GDP
3.6: Foreign Direct Investment (FDI)
4. KUWAIT’S ECONOMIC AND BUSINESS RISK ANALYSIS
4.1: Risk in Current Account Balance
4.2: Terms of Trade in Kuwait
4.3: Risk in Balance of Payment (BOP)
4.4: Risk in Fiscal Balance
4.5: Risk in External Sector
4.5.1: External Debt and Default Risk
4.5.2: Risk in Foreign Exchange Reserves and Exchange Rate
4.6: Credit Rating of Countries
5. SOCIAL ANALYSIS OF KUWAIT
5.1: Social and Demographic Analysis
5.2: Labor Market
5.3: Social Development Index
6. KUWAIT’S R&D AND TECHNOLOGICAL FACTORS
6.1: R&D Expenditure in Kuwait
6.2: Impact of Technology in Industry
6.3: Technology Policy
7. LEGAL ANALYSIS OF KUWAIT
7.1: Company Law
7.2: Labor Law
7.3: Tax Law
7.4: Recent Economic Policies
7.5: Doing Business in Kuwait 2016
8. ENVIRONMENTAL ANALYSIS OF KUWAIT
8.1: Government’s Action against Environmental Issues
8.2: Environmental Policy
9. SWOT ANALYSIS OF KUWAIT
2. POLITICAL ANALYSIS OF KUWAIT
2.1: Structure and Stability of the Government
2.2: Government Policy Agenda
2.2.1: Policy Agenda – Reforms and Future Plans
3. ECONOMIC ANALYSIS OF KUWAIT
3.1: Sectoral Contribution to GDP and GDP Growth Rate
3.2: Macroeconomic Forecast and Scenario Analysis (2016-2021)
3.3: Pricing Trends-Inflation and Interest Rates
3.4: Consumption, Saving, and Investment Trends
3.5: International Trade and Its Contribution to GDP
3.6: Foreign Direct Investment (FDI)
4. KUWAIT’S ECONOMIC AND BUSINESS RISK ANALYSIS
4.1: Risk in Current Account Balance
4.2: Terms of Trade in Kuwait
4.3: Risk in Balance of Payment (BOP)
4.4: Risk in Fiscal Balance
4.5: Risk in External Sector
4.5.1: External Debt and Default Risk
4.5.2: Risk in Foreign Exchange Reserves and Exchange Rate
4.6: Credit Rating of Countries
5. SOCIAL ANALYSIS OF KUWAIT
5.1: Social and Demographic Analysis
5.2: Labor Market
5.3: Social Development Index
6. KUWAIT’S R&D AND TECHNOLOGICAL FACTORS
6.1: R&D Expenditure in Kuwait
6.2: Impact of Technology in Industry
6.3: Technology Policy
7. LEGAL ANALYSIS OF KUWAIT
7.1: Company Law
7.2: Labor Law
7.3: Tax Law
7.4: Recent Economic Policies
7.5: Doing Business in Kuwait 2016
8. ENVIRONMENTAL ANALYSIS OF KUWAIT
8.1: Government’s Action against Environmental Issues
8.2: Environmental Policy
9. SWOT ANALYSIS OF KUWAIT
LIST OF FIGURES
CHAPTER 3. ECONOMIC ANALYSIS OF KUWAIT
Figure 3.1: Economic Scenarios of Major Countries in 2015
Figure 3.2: Trends of the Real GDP Growth Rate
Figure 3.3: Scenario Analysis of GDP Forecast
Figure 3.4: Trends of the Per Capita Income
Figure 3.5: Sectoral Contribution to GDP in 2015
Figure 3.6: Share of Different Sectors to GDP in 2015
Figure 3.7: Annual Trends of Inflation and Interest Rates
Figure 3.8: Trends of Savings and Investments as Percentage of GDP
Figure 3.9: Trends of Consumption Expenditure as Percentage of GDP
Figure 3.10: Trends of International Trade Structure
Figure 3.11: Kuwait’s Exports by Commodity in 2010
Figure 3.12: Kuwait’s Exports by Commodity in 2015
Figure 3.13: Kuwait’s Imports by Commodity in 2010
Figure 3.14: Kuwait’s Imports by Commodity in 2015
Figure 3.15: Kuwait’s Exports by country in 2010
Figure 3.16: Kuwait’s Exports by Country in 2015
Figure 3.17: Kuwait’s Imports by country in 2010
Figure 3.18: Kuwait’s Imports by country in 2015
Figure 3.19: Trends of Exports and Imports as Percentage of GDP
Figure 3.20: Trends of FDI in Kuwait
CHAPTER 4. KUWAIT’S ECONOMIC AND BUSINESS RISK ANALYSIS
Figure 4.1: Trends of Current Account Balance and Percentage of GDP
Figure 4.2: Terms of Trade in Kuwait
Figure 4.3: Trends of Balance of Payment
Figure 4.4: Trends of Government Revenue and Expenditure as Percentage of GDP
Figure 4.5: Trends of Fiscal Balance as Percentage of GDP
Figure 4.6: Trends of Gross Government Debt as Percentage of GDP
Figure 4.7: Trends of Foreign Exchange Reserves and Exchange Rate
CHAPTER 5. SOCIAL ANALYSIS OF KUWAIT
Figure 5.1: Political Map of Kuwait
Figure 5.2: Trends of Population and Population Growth Rate
Figure 5.3: Population Age Structure
Figure 5.4: Trends of the Unemployment Rate
CHAPTER 6. KUWAIT’S R&D AND TECHNOLOGICAL FACTORS
Figure 6.1: Trends of R&D Expenditure in Kuwait
CHAPTER 3. ECONOMIC ANALYSIS OF KUWAIT
Figure 3.1: Economic Scenarios of Major Countries in 2015
Figure 3.2: Trends of the Real GDP Growth Rate
Figure 3.3: Scenario Analysis of GDP Forecast
Figure 3.4: Trends of the Per Capita Income
Figure 3.5: Sectoral Contribution to GDP in 2015
Figure 3.6: Share of Different Sectors to GDP in 2015
Figure 3.7: Annual Trends of Inflation and Interest Rates
Figure 3.8: Trends of Savings and Investments as Percentage of GDP
Figure 3.9: Trends of Consumption Expenditure as Percentage of GDP
Figure 3.10: Trends of International Trade Structure
Figure 3.11: Kuwait’s Exports by Commodity in 2010
Figure 3.12: Kuwait’s Exports by Commodity in 2015
Figure 3.13: Kuwait’s Imports by Commodity in 2010
Figure 3.14: Kuwait’s Imports by Commodity in 2015
Figure 3.15: Kuwait’s Exports by country in 2010
Figure 3.16: Kuwait’s Exports by Country in 2015
Figure 3.17: Kuwait’s Imports by country in 2010
Figure 3.18: Kuwait’s Imports by country in 2015
Figure 3.19: Trends of Exports and Imports as Percentage of GDP
Figure 3.20: Trends of FDI in Kuwait
CHAPTER 4. KUWAIT’S ECONOMIC AND BUSINESS RISK ANALYSIS
Figure 4.1: Trends of Current Account Balance and Percentage of GDP
Figure 4.2: Terms of Trade in Kuwait
Figure 4.3: Trends of Balance of Payment
Figure 4.4: Trends of Government Revenue and Expenditure as Percentage of GDP
Figure 4.5: Trends of Fiscal Balance as Percentage of GDP
Figure 4.6: Trends of Gross Government Debt as Percentage of GDP
Figure 4.7: Trends of Foreign Exchange Reserves and Exchange Rate
CHAPTER 5. SOCIAL ANALYSIS OF KUWAIT
Figure 5.1: Political Map of Kuwait
Figure 5.2: Trends of Population and Population Growth Rate
Figure 5.3: Population Age Structure
Figure 5.4: Trends of the Unemployment Rate
CHAPTER 6. KUWAIT’S R&D AND TECHNOLOGICAL FACTORS
Figure 6.1: Trends of R&D Expenditure in Kuwait
LIST OF TABLES
CHAPTER 1. EXECUTIVE SUMMARY
Table 1.1: Factors Affecting Business in Kuwait
CHAPTER 2. POLITICAL ANALYSIS OF KUWAIT
Table 2.1: Political Factors and Their Impact on Business
CHAPTER 3. ECONOMIC ANALYSIS OF KUWAIT
Table 3.1: Factors Affecting Industrial Growth
Table 3.2: Economic Factors and Their Impact on Business
CHAPTER 4. KUWAIT’S ECONOMIC AND BUSINESS RISK ANALYSIS
Table 4.1: Credit Rating of Countries by Moody’s, Fitch, and S&P
Table 4.2: Economic Risk Factors and Their Impact on Business
CHAPTER 5. SOCIAL ANALYSIS OF KUWAIT
Table 5.1: Corruption, GINI, Homicide, and Human Development Index
Table 5.2: Social Factors and Their Impact on Business
CHAPTER 6. KUWAIT’S R&D AND TECHNOLOGICAL FACTORS
Table 6.1: Technological Factors and Their Impact on Business
CHAPTER 7. LEGAL ANALYSIS OF KUWAIT
Table 7.1: Indicators for Starting Business
Table 7.2: Ranking in 2016 for Ease of Doing Business
Table 7.3: Legal Factors and Their Impact on Business
CHAPTER 8. ENVIRONMENTAL ANALYSIS OF KUWAIT
Table 8.1: Environmental Factors and Their Impact on Business
CHAPTER 1. EXECUTIVE SUMMARY
Table 1.1: Factors Affecting Business in Kuwait
CHAPTER 2. POLITICAL ANALYSIS OF KUWAIT
Table 2.1: Political Factors and Their Impact on Business
CHAPTER 3. ECONOMIC ANALYSIS OF KUWAIT
Table 3.1: Factors Affecting Industrial Growth
Table 3.2: Economic Factors and Their Impact on Business
CHAPTER 4. KUWAIT’S ECONOMIC AND BUSINESS RISK ANALYSIS
Table 4.1: Credit Rating of Countries by Moody’s, Fitch, and S&P
Table 4.2: Economic Risk Factors and Their Impact on Business
CHAPTER 5. SOCIAL ANALYSIS OF KUWAIT
Table 5.1: Corruption, GINI, Homicide, and Human Development Index
Table 5.2: Social Factors and Their Impact on Business
CHAPTER 6. KUWAIT’S R&D AND TECHNOLOGICAL FACTORS
Table 6.1: Technological Factors and Their Impact on Business
CHAPTER 7. LEGAL ANALYSIS OF KUWAIT
Table 7.1: Indicators for Starting Business
Table 7.2: Ranking in 2016 for Ease of Doing Business
Table 7.3: Legal Factors and Their Impact on Business
CHAPTER 8. ENVIRONMENTAL ANALYSIS OF KUWAIT
Table 8.1: Environmental Factors and Their Impact on Business
