Kuwait’s financial wealth to grow by 4.3% annually, reaching USD 0.4trln by 2026

Kuwait’s financial wealth to grow by 4.3% annually, reaching USD 0.4trln by 2026

Kuwait City:— Kuwait’s financial wealth will experience a sturdy Compound Annual Growth Rate (CAGR) of 4.3% in new wealth, rising from USD 0.3 trillion to a high of USD 0.4 trillion from 2021 - 2026, according to a new report by Boston Consulting Group (BCG) titled, Global Wealth 2022: Standing Still Is Not an Option.

“We see the Middle East and Africa financial wealth growing year after year, including Kuwait despite a tremulous global market,” said Mustafa Bosca, Managing Director and Partner, BCG. “Kuwait grew 3% every year since 2016 to USD 0.3 trillion in 2021 and is expected to continuously grow to 2026. Also, approximately 28% of Kuwait’s wealth derived from the Ultra High Net Worth (HNW) segment in 2021, which are individuals who are worth more than USD 100 million.”

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