Kuwait’s economy is likely to grow at a much faster rate than the global GDP over the next five years and reach an estimated $201.3 billion at the current price by 2018. Oil and natural gas is the leading industry in Kuwait and contributes approximately 59% to the total GDP of the country.
Lucintel, a leadin
g global management consulting and market research firm, performed a Political, Economic, Sociological, Technological, Legal, and Environmental (PESTLE) analysis of Kuwait and presents its findings in “PESTLE Analysis of Kuwait 2013”.
Lucintel report indicates the strong and weak points of the Kuwait economy. The country is termed to be one of the fast growing economies in the Middle East. The economy is highly dependent on the hydrocarbon sector for the country’s export revenues. The economy possesses the world’s fifth largest oil reserves and is the fourth largest exporter of oil in the world. The industrial sector is the fastest growing sector of the Kuwait economy which makes significant contribution to GDP. Mining and quarrying, financial services, and retail and manufacturing are the leading industries in the economy. Oil and gas reserves and high per capita income are the driving factors for these sectors.
Kuwait’s overly hydrocarbons-reliant economy makes growth rates highly volatile and prone to speculations. There are chances that oil prices might decline. To conserve its hydrocarbon reserves, the Kuwait economy has imposed a moratorium on new hydrocarbon projects. The economy is also concentrating on diversifying its base by shifting its focus on non-hydrocarbon sector and service sector which will offer immense opportunities for growth. The government of Kuwait is also emphasizing on increasing their spending on R&D for developing new technologies for different industries. The government has planned to spend huge sums on infrastructure by 2014.
This report helps investors to easily understand the strengths, weaknesses, opportunities, and threats of Kuwait’s economy. This report analyzes the impact of different macroeconomic indicators of the country on different industries. Domestic and external economic trends, government policies, technological changes, and their impact on different industries have also been analyzed in the report.
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.
To make business, investment, and strategic decisions, you need timely, useful information. This market report fulfills this core need and is an indispensable reference guide for multinational materials suppliers, product manufacturers, investors, executives, distributors, and many more that operate in this market.
Some of the features of “PESTLE Analysis of Kuwait 2013” include:
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Trend and forecast for key macroeconomic variables that are useful to make major investment decision
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Analysis on economic activity, investment environment, and trade structure of the country
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Major industries in Kuwait and its contribution to GPD
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Trends in savings, investments, and consumptions
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Analysis of Political, Economic, Social, Technological, Legal, and Environmental scenarios as well as their impact on different industries
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Analyses on geographical importance and social structure such as labor quality
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Strength, Weakness, Opportunity, and Threat (SWOT) analysis of Kuwait
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More than 24 figures/charts and 13 tables are provided in this roughly 65-page report.
Benefits of a Lucintel Report:
Lucintel’s core competency is in market research and management consulting. In the last 14 years, Lucintel has worked on hundreds of market and economic research studies. Lucintel’s market reports offer the following benefits:
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Enhance your global growth strategy with key economic and potential industry analysis
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Fine-tune your business expansion planning and market development with analysis of domestic demand analysis and demographics structure analysis
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Explore business opportunities with the analysis of leading industry, potential sector analysis and by understanding strength, weakness, opportunity, and threat of the country
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Know the business environment of the country using report’s PESTLE analysis and their impact on industry. Also included is Foreign Direct Investment and Trade structure analysis.