International Reserves in Kuwait

Kuwait International Reserves | Economic News & Forecasts

Kuwait - International Reserves

Annual economic growth slowed significantly in the second quarter according to recent data, amid falling oil production levels and waning global demand. Kuwait’s compliance with OPEC production cuts dragged the oil sector into a slight contraction in the second quarter for the first time since Q2 2018. More positively, growth in the non-oil economy accelerated in Q2, partially offsetting the oil sector contraction, with a notable recovery in the manufacturing industry. Turning to the third quarter, mild price pressures throughout the period, coupled with robust credit growth in July and August, likely supported supporting consumer spending. However, crude production was down in annual terms in Q3, underlining a subdued oil sector.

Kuwait - International Reserves Data

2013  2014  2015  2016  2017  
International Reserves (USD)29.5  32.2  28.4  31.1  33.7  

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Kuwait Facts

Exchange Rate0.30-0.05 %Sep 04

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