Fiscal Balance in Kuwait

Kuwait Fiscal Balance | Economic News & Forecasts

Kuwait - Fiscal Balance

While the oil sector was constrained by OPEC production cuts in the second quarter, with EIA data showing oil output was largely flat year-on-year in the period, the non-oil sector should have provided support. Private-sector credit growth was robust in Q2, while private consumption should have been healthy, amid low inflation and solid employment growth. This comes after the economy gained steam in the first quarter, buttressed by the non-oil sector. On the fiscal front, recent data shows the fiscal deficit narrowed markedly in FY 2018 (April 2018–March 2019) on stronger oil revenue. Heading into the third quarter, the pattern is likely much the same: The extension of OPEC cuts saw oil output fall in annual terms in July, although the non-oil sector should be picking up some slack.

Kuwait - Fiscal Balance Data

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

Sample Report

5 years of economic forecasts for more than 30 economic indicators.

Download

Kuwait Fiscal Balance Chart


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

Kuwait Facts

ValueChangeDate
Exchange Rate0.30-0.05 %Sep 04

Sample Report

Get a sample report showing our regional, country and commodities data and analysis.

Download

Request a Trial

Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.

Sign Up

Economic News

    Search form