Trade Balance in Kuwait
Kuwait - Trade BalanceOn 18 January, S&P confirmed the country’s AA rating with a stable outlook on the back of solid government finances. Particularly, the country’s large foreign exchange reverses should somewhat shield Kuwait from external shocks. However, its over-reliance on oil makes the country susceptible to external shocks. On 28 January, the IMF also underscored improved fiscal and external metrics and the need to diversify the economy in its annual Article VI statement. Meanwhile, the economy likely experienced some pain closing out 2018 due to a significant drop in oil prices and output, capping off a year of underwhelming growth. Still relatively low oil prices should leave a mark opening the new year.
Kuwait - Trade Balance Data
|Trade Balance (USD billion)||89.6||78.3||27.8||20.1||23.5|
5 years of economic forecasts for more than 30 economic indicators.
Kuwait Trade Balance Chart
Source: Central Bank of Kuwait.
|Exchange Rate||0.30||-0.05 %||Feb 14|
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