Kuwait
KWT · Middle East, North Africa, Afghanistan & Pakistan · High income
This page brings together what Kuwait means for an ETF portfolio: the economic picture from World Bank data, the 40 Kuwait stocks we track, and the ETFs that actually give you exposure — with the country weight computed from real fund holdings, not estimated.
Economic indicators
Gross domestic product (2025)157 bn USD
GDP per capita (2025)32,312 USD
Real GDP growth (2025)2.7 %
Inflation rate (2025)2.4 %
Unemployment rate (2025)2.2 %
Population (2025)4.9 m
| Year | GDP per capita (USD) | Real GDP growth (%) | Inflation rate (%) | Unemployment rate (%) |
|---|---|---|---|---|
| 2018 | 32,068 | 2.7 | 0.5 | 2.2 |
| 2019 | 31,708 | 2.3 | 1.1 | 2.2 |
| 2020 | 25,236 | -4.8 | 2.1 | 3.5 |
| 2021 | 34,019 | 1.7 | 3.4 | 3.0 |
| 2022 | 39,982 | 6.8 | 4.0 | 2.1 |
| 2023 | 34,092 | -1.6 | 3.6 | 2.1 |
| 2024 | 32,856 | -1.5 | 2.9 | 2.2 |
| 2025 | 32,312 | 2.7 | 2.4 | 2.2 |
Source: World Bank Open Data, licensed CC BY 4.0.
ETFs with the highest Kuwait weight
Sum of the fund's individual holdings from this country — added up from published holdings, not estimated.
| ETF | Index | Weight | Holdings |
|---|---|---|---|
| iShares Core MSCI EM IMI UCITS ETF (Acc) IS3N · IE00BKM4GZ66 | MSCI EM IMI | 0.6 % | 26 |
| Xtrackers MSCI Emerging Markets UCITS ETF 1d XEMD · IE000GWA2J58 | MSCI Emerging Markets | 0.5 % | 7 |
| Xtrackers MSCI Emerging Markets UCITS ETF 1c XMME · IE00BTJRMP35 | MSCI Emerging Markets | 0.5 % | 7 |
| State Street® SPDR® MSCI Emerging Markets UCITS ETF SPYM · IE00B469F816 | MSCI Emerging Markets | 0.4 % | 7 |
| State Street® SPDR® MSCI All Country World Investable Market UCITS ETF (Dist) SPSA · IE000DD75KQ5 | MSCI ACWI IMI | 0.1 % | 11 |
| State Street® SPDR® MSCI All Country World Investable Market UCITS ETF (Acc) SPYI · IE00B3YLTY66 | MSCI ACWI IMI | 0.1 % | 11 |
| State Street® SPDR® MSCI All Country World UCITS ETF (Acc) SPYY · IE00B44Z5B48 | MSCI ACWI | 0.1 % | 5 |
| iShares MSCI ACWI UCITS ETF USD (Acc) IUSQ · IE00B6R52259 | MSCI ACWI | 0.1 % | 2 |
Largest tracked stocks
40 stocks from Kuwait are covered through our ETF holdings — these carry the highest single weight.
- KUWAIT FINANCE HOUSE0.23 %
- Kuwait Finance House K.S.C.0.20 %
- NATIONAL BANK OF KUWAIT0.20 %
- National Bank of Kuwait K.S.C.0.16 %
- Warba Bank KSC0.05 %
- BOUBYAN BANK0.03 %
- MOBILE TELZAIN · 0.03 %
- Mobile Telecommunications Company K.S.C.P0.02 %
- GULF BANKGBK · 0.02 %
- MABANEE COMPANYMABANEE · 0.02 %
- WARBABANKWARBABANK · 0.02 %
- Boubyan Bank K.S.C.0.02 %
- Mabanee Company (SAKC)0.02 %
- AL AHLI BANKABK · 0.01 %
- BOUBYAN PETROCHMBPCC · 0.01 %
- BOURSA KUWAIT SECURITIES COMPANYBOURSA · 0.01 %
- COMMERCIAL REAL ESTATEALTIJARIA · 0.01 %
- HUMAN SOFTHUMANSOFT · 0.01 %
- KUWAIT REAL ESTKRE · 0.01 %
- NATIONAL INDUSTRIES GROUP HOLDINGNIND · 0.01 %
All tracked stocks
25 names, ETF coverage on average in the 12.5th percentile of all stocks we cover. Sorted by ETF reach.
| Stock | Ticker | ETFs |
|---|---|---|
| Kuwait Finance House K.S.C. | KFH | 8 |
| National Bank of Kuwait K.S.C. | NBK | 8 |
| Boubyan Bank K.S.C. | BOUBYAN | 7 |
| Warba Bank KSC | WARBABANK | 6 |
| Mabanee Company (SAKC) | MABANEE | 5 |
| Mobile Telecommunications Company K.S.C.P | ZAIN | 5 |
| Gulf Bank K.S.C. | GBK | 4 |
| Al Ahli Bank | ABK | 1 |
| Ali Alghanim Sons Automotive | ALG | 1 |
| Arzan Investment and Financial | ARZAN | 1 |
| Boubyan Petrochm | BPCC | 1 |
| Boursa Kuwait Securities Co. | BOURSA | 1 |
| Burgan Bank | BURG | 1 |
| Commercial Real Estate | ALTIJARIA | 1 |
| Gulf Cable and Electrical | CABLE | 1 |
| Human Soft | HUMANSOFT | 1 |
| Kuwait International Bank | KIB | 1 |
| Kuwait Projects | KPROJ | 1 |
| Kuwait Real Est | KRE | 1 |
| Kuwait Telecommunications | STC | 1 |
| Mezzan Holding Co. | MEZZAN | 1 |
| National Industries Group Holding | NIND | 1 |
| National Investments | NINV | 1 |
| National Real Estate | NRE | 1 |
| The Public Warehousing (Agility) | MKHZN | 1 |
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