Fiscal Balance in Kuwait

Kuwait Fiscal Balance | Economic News & Forecasts

Kuwait - Fiscal Balance

The economy likely registered only a mild expansion in the first quarter, as oil production cuts constrained the energy sector. While the non-oil sector should have compensated somewhat, consumer spending appeared to lose momentum, as suggested by data on ATM withdrawals and point-of-sale transactions, and softer consumer confidence. Turning to the second quarter, growth was likely similarly subdued. In April and May, oil output averaged lower than in Q1 as Kuwait boosted compliance with the OPEC deal, which will have weighed on the oil sector. However, private-sector credit growth was robust in April, while brisk consumer borrowing growth in recent months could have fed through to stronger private consumption.

Kuwait - Fiscal Balance Data

2013  2014  2015  2016  2017  
Fiscal Balance (% of GDP)26.1  7.6  -13.4  -13.9  -9.0  

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Kuwait Fiscal Balance Chart

Kuwait Fiscal
Note: Fiscal balance as % of GDP.
Source: Central Bank of Kuwait.

Kuwait Facts

Exchange Rate0.30-0.05 %Jul 11

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