Imports in Kuwait
Kuwait - ImportsRecent data shows that the economy expanded at a meager pace in Q1 over the same period a year ago. Growth was primarily driven by the non-oil sector, which grew at a robust pace compared to the prior quarter. The oil and oil products sector did, however, rebound to expand for the first time in the past five quarters, benefitting from the oil price rally. The 23 June decision to ease production curbs by OPEC and non-OPEC members could boost the oil sector in quarters ahead, although the amount of extra output is still unclear. In late June, parliament passed the FY 2019 budget, which envisages a significant spending increase, despite the sizeable fiscal deficit.
Kuwait - Imports Data
|Imports (USD billion)||25.4||27.3||26.4||26.4||31.5|
5 years of economic forecasts for more than 30 economic indicators.
Kuwait Imports Chart
Source: Central Bank of Kuwait.
|Exchange Rate||0.30||-0.05 %||Jul 17|
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