Fiscal Balance in Kuwait

Kuwait Fiscal Balance | Economic News & Forecasts

Kuwait - Fiscal Balance

The 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

2013  2014  2015  2016  2017  
Fiscal Balance (% of GDP)22.2  19.9  -10.9  -     -     

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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 %Jan 16

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