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FINANCIAL NEWS
Current account surplus in Kuwait narrows in Q1
24 Aug 2017
(MENAFN) Kuwait’s recent account surplus dropped in the Jan-March period of the year, narrowing from USD1.98bn in Q4 of 2016 to KD300mn in Q1 this year.
Furthermore, the drop was on the back of deterioration in the goods balance, a fall in investment income and a rebound in net service outflows.
However, the recent account balance, at an annualized 0.8 percent of GDP, was up compared to the same period of 2016.
In addition, the surplus dropped from KD2.0bn in Q4 of 2016 to KD1.9bn in Q1 this year, due to a strong rebound in import growth.
MENAFN2408201700450000ID1095765310
MENAFN2408201700450000ID1095765310
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