Kuwait Consumer Spending
Kuwait · Annual series · EC-KW-CS
Latest, 2024
20.52B KWD
+5.5% from 2023
Forecast
Forecast for 2027: 22.43B KWD, with an 80% interval of 17.39B KWD to 26.53B KWD.
| Period | Forecast | 80% low | 80% high |
|---|---|---|---|
| 2025 | 21.09B KWD | 19.08B KWD | 22.60B KWD |
| 2026 | 21.79B KWD | 17.52B KWD | 25.26B KWD |
| 2027 | 22.43B KWD | 17.39B KWD | 26.53B KWD |
AI confidence
Supported evidenceThe point forecast beat the no-change baseline overall and in a majority of the evaluated tests.
Model: Agentic Investor TSFM (foundation model)
- Accuracy vs naive
- +19%Beats the no-change baseline over 12 tests (12 tests, 8 won)
- Direction
- 72%No clear edge over a coin flip (26 of 36 calls right in 12 tests)
- Turning points
- n/aToo few tests (7 turns, 8 needed) (7 turns in 12 tests, 6 without a turn)
- Error vs baseline
- 19% lowerError ratio 0.81; 1.00 is a tie.
- Tests won
- 8 / 12Complete rolling backtests; ties count as no win.
- Test period
- 1989-12-01 to 2024-12-013 observations ahead per test.
- 80% band coverage
- 83%Observed outcomes inside the band across all stored test windows.
- Band coverage uses all stored test windows, including model-selection windows when present; it does not determine the confidence label.
- Evaluated 2026-11-15 against the cached history through 2024-12-01.
- This is an evaluation of the serving model; it does not establish a winner across four model classes.
How this assessment is made
AI confidence describes historical evidence for this forecast, not a probability of being correct. Each backtest fits on data available before its test window. The baseline carries the last value forward. Supported evidence requires at least six complete, non-overlapping tests, an error ratio below 0.90 (rounded to two decimals), and wins in a majority of tests. Ratios from 0.90 to below 1.10 are on par; 1.10 or above is weak evidence. Inconsistent wins produce mixed evidence. For a selected model, only the recent tests excluded from model selection determine this label. These are historical simulations using the available data, not a live trading track record; revisions and foundation-model pretraining can limit how closely they reproduce a past decision. Past performance can change.
Model comparison
Comparison pendingA new ticker first receives its serving model's forecast and evaluation. An eligible nightly batch can compare both candidates, subject to call budgets and retry limits.
Reading
That is the highest of the 10 readings since 2015.
Recent history (24 observations)
| Period | Value |
|---|---|
| 2024 | 20.52B KWD |
| 2023 | 19.46B KWD |
| 2022 | 18.31B KWD |
| 2021 | 17.31B KWD |
| 2020 | 15.56B KWD |
| 2019 | 17.18B KWD |
| 2018 | 16.59B KWD |
| 2017 | 15.85B KWD |
| 2016 | 14.95B KWD |
| 2015 | 14.32B KWD |
| 2014 | 13.41B KWD |
| 2013 | 12.42B KWD |
| 2012 | 11.52B KWD |
| 2011 | 10.31B KWD |
| 2010 | 9.56B KWD |
| 2009 | 10.22B KWD |
| 2008 | 11.15B KWD |
| 2007 | 9.92B KWD |
| 2006 | 8.42B KWD |
| 2005 | 7.59B KWD |
| 2004 | 6.56B KWD |
| 2003 | 6.10B KWD |
| 2002 | 5.75B KWD |
| 2001 | 4.95B KWD |
Source
Data: public market data feeds.
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