KUWAITI'S WEALTH IS INCREASING AT 3% ANNUAL RATE

  • 29/07/2022

Kuwait City: Kuwait's financial worth is expected to increase from $0.3 trillion in 2021 to $0.4 trillion in 2026, according to a recent estimate by the Boston Consulting Group. The report, titled "Global Wealth 2022: Resilience is not an Option," forecasted a robust compound annual growth rate of 4.3 percent for Kuwaitis' financial well-being. 


Despite the volatile global market, financial wealth is increasing annually across the Middle East and Africa, including Kuwait, according to the report's citation of Mustafa Boska, managing director and partner at Boston Consulting Group. He said that since 2016, Kuwaitis' wealth has increased by 3% annually, reaching $300 billion in 2021. He predicted that this trend will continue until 2026. He emphasised that roughly 28% of Kuwait's rich people had fortunes totaling more than $100 million.

Related News

Kuwait Tops Global Hunger Index 2024 as Least Hungry Country
  • 04/02/2025
MoI: Implementation of new traffic fines on April 22
  • 04/02/2025
Kuwait Council of Ministers Holds Weekly Meeting at Bayan Pa ...
  • 04/02/2025
Kuwait population increases every 5 minutes
  • 03/02/2025
Kuwait Stabilizes Market Ahead of Ramadan
  • 29/01/2025
Kuwait Arrests Egyptian Expat for Forging Medical Documents
  • 29/01/2025
Kuwait Ministry of Education Cuts School Bag Weight by 50%
  • 27/01/2025
Security campaigns in Jleeb and Ahmadi
  • 27/01/2025
Kuwait introduces new housing standards for workers
  • 26/01/2025
2 Young Men Killed in Saad Al-Abdullah Car Crash
  • 26/01/2025
Women’s Health Index: Kuwait ranks 1st in Middle East, 2nd ...
  • 26/01/2025
Kuwait Announces 3-Day Holiday for Isra Wal Miraj
  • 25/01/2025