Imports in Kuwait
Kuwait - Imports
The economy likely gained notable steam in Q2 due to a recovery in both the oil and non-oil sectors. The annual decline in oil output moderated notably in the period, in line with OPEC’s decision to ease production cuts. In the non-oil sector, consumer spending growth surged—partly due to a low base effect, but also aided by the extension of the debt deferral program and the easing of restrictions. Turning to Q3, while activity will likely lose momentum in annual terms as the base effect fades, conditions should be improving on a sequential basis: Crude oil production picked up again in July, online spending hit a record high in the same month and household lending growth should be benefiting from improving consumer confidence. In other news, recent data showed that the budget deficit swelled to a record high in the fiscal year ending March 2021, further complicating the ongoing debt financing conundrum.Kuwait - Imports Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Imports (USD billion) | 26.4 | 27.0 | 29.5 | 31.3 | - |
Kuwait Imports Chart
Source: Central Bank of Kuwait.
Kuwait Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 0.30 | -0.05 % | Dec 31 |
Sample Report
Get a sample report showing our regional, country and commodities data and analysis.
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.
Economic News
© Copyright: 2021. | Kuwait Imports | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed
