2024 Al-Shall report reveals limited progress in Kuwait Vision 2035, with public sector employment growth, stagnant private sector, and high oil revenue reliance.
Economic report by Al-Shall reveals limited progress in Kuwait Vision 2035, with public sector employment increasing, private sector stagnant, and reliance on oil revenues high. Capital spending rose 7.7%, but was not fully utilized. Non-oil exports increased 8% in 2024, but the private sector's contribution to GDP remains 30%, driven by oil market variables. The report highlights the need for more proactive policy interventions to address these shortcomings.
July 14, 2024
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