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FinancialNews
13-05-20
Balance of payments in Kuwait reports USD2.7 billion surplus
(MENAFN)
Data showed that the balance of payments in Kuwait for the 2019 fiscal year has posted a total of USD2.7 billion in surplus in comparison with USD3.6 billion reported in 2018.
The central bank of Kuwait said that the current account surplus posted an increase of 11.9 percent in the earlier year to set at USD21.65 billion in comparison with USD19.39 reported a year ago.
The trade account surplus posted an increase of USD2.308 billion, as the net cash outflows stood at a value of USD23.91 billion in 2019 compared with USD21.33 seen in 2018.
The overall balance of payments posted USD11.96 billion in surplus at the end of 2019 in comaprison with USD25.21 billion at the end of 2018, the bank said.
MENAFN1305202000450000ID1100156239
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