Fiscal Balance in Kuwait
Kuwait - Fiscal BalanceThe Kuwaiti economy accelerated in the third quarter of 2018 on the back of robust growth in the non-oil sector—thanks to the services and the agriculture sectors—and the oil sector, where increased production was accompanied by rising prices. The external sector has also continued to perform enviably through October. Exports increased over a third in the first 10 months with particularly strong growth in the July–September period, partly on the back of the strong rise in oil prices. Looking ahead, the sharp decline in oil prices since early October will weigh on growth in the final quarter of 2018 and beyond.
Kuwait - Fiscal Balance Data
|Fiscal Balance (% of GDP)||22.2||19.9||-10.9||-||-|
5 years of economic forecasts for more than 30 economic indicators.
Kuwait Fiscal Balance Chart
Source: Central Bank of Kuwait.
|Exchange Rate||0.30||-0.05 %||Jan 16|
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