Kuwait economy best performance among GCC countries – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait News

Kuwait economy best performance among GCC countries – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait News

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GDP per capita to increase by 7.4%

KUWAIT CITY, Oct 6: The World Bank forecasted higher Gross Domestic Product (GDP) for Kuwait this year — from 5.7 percent in April to 8.5 percent; so the Kuwaiti economy has the best performance among the Gulf Cooperation Council (GCC) countries, reports Al-Rai daily. In its report on the latest economic developments entitled, “A New State of Mind: Enhancing Transparency and Accountability in the Middle East and North Africa,” the World Bank stated that Kuwait’s real GDP per capita will increase by 7.4 percent compared to 4.5 percent in its previous forecast.