Trade Balance in Kuwait

Kuwait Trade Balance | Economic News & Forecasts

Kuwait - Trade Balance

On 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

2013  2014  2015  2016  2017  
Trade Balance (USD billion)89.6  78.3  27.8  20.1  23.5  

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Kuwait Trade Balance Chart

Kuwait Trade Balance
Note: Trade balance in (USD bn).
Source: Central Bank of Kuwait.

Kuwait Facts

Exchange Rate0.30-0.05 %Feb 14

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