Exports in Kuwait
Kuwait - ExportsEconomic activity likely expanded in annual terms in Q1 on growth in oil production as OPEC+ curbs were eased. A surge in Covid-19 cases and some ensuing restrictions will have capped non-oil momentum early in the quarter. However, restrictions were eased markedly from mid-February as Covid-19 cases fell, which should have aided non-oil growth towards the end of Q1. Turning to Q2, the oil sector will be benefiting from the rollback of OPEC+ cuts, while tourism is likely being boosted by the recent scrapping of entry requirements for visitors. Moreover, surging oil prices are buoying public coffers and could support public spending. In politics, the government resigned in early April ahead of a no-confidence vote in parliament. Political instability will hinder important reforms ahead—including the approval of a debt law, which would allow the country to tap international bond markets.
Kuwait - Exports Data
|Exports (USD billion)||54.2||46.6||55.2||72.1||-|
5 years of economic forecasts for more than 30 economic indicators.
Kuwait Exports Chart
Source: Central Bank of Kuwait.
|Exchange Rate||0.30||-0.05 %||Dec 31|
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