35 / 51
Growth Rate (%)
0
5
10
15
20
25
30
35
40
GDP Growth Rate
2002
2003 2004 2005
2006
Neira Financial Hub | 32
Source: Central Bank of Kuwait
The oil and gas sectors continue to lead the growth of the GDP by 70.1%. Its contribution in the GDP has shifted from 56.4%
in 2005 to 58.8% for the period of 2006. The growth in the non-oil sectors has increased by 14.5% in 2006 following its
growth by 20.2% during 2005. Financial institution activities dominated, whereas social, personal and community activities
had a minor effect with regards to contribution. A setback was shown in the growth of the value added in the activities
of storage, transport, and communication, manufacturing industries, insurance and real estate activities. An increase was
verified in the growth rate of the value added at current process in electricity, water, gas, agriculture, livestock, fishing, and
construction activities between 2005 and 2006 correspondingly. The average per capita share of national income increased
16.7% from KD 8,939 in 2005 to KD 10,432.5 in 2006. The national income increased by 24.2% from 2005 to 2006. Hence,
Gross National Product (GNP) increased during 2006 by 23.6% in comparison to the recent year.