Retail

With GDP per capita among the highest in the world at $43,200, Kuwait is seeing its retail market continue to perform robustly, underpinned by a strong appetite for luxury products and the strong purchasing power of a young and diverse population. The value of wholesale and retail trade in Kuwait grew 22% between 2010 and 2013, reaching a value of $5.65bn. Meanwhile, the local retail market is forecast to expand at a compound annual growth rate (CAGR) of 6.7% between 2013 and 2018. While traditional retailers remain popular, sales at Kuwaiti supermarkets and hypermarkets are forecast to expand at a CAGR of 9.6% between 2013 and 2018.