The benchmark interest rate in Kuwait was last recorded at 1.50 percent. Interest Rate in Kuwait averaged 3.67 percent from 1999 until 2020, reaching an all time high of 7.25 percent in April of 2000 and a record low of 1.50 percent in March of 2020. In Kuwait, interest rate decisions are taken by the Central Bank of Kuwait's Board of Directors. The official interest rate is the discount rate. This page provides the latest reported value for - Kuwait Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Imports in Kuwait increased to 2590 KWD Million in the fourth quarter of 2019 from 2495.50 KWD Million in the third quarter of 2019. Imports in Kuwait averaged 1379.49 KWD Million from 1993 until 2019, reaching an all time high of 2807 KWD Million in the third quarter of 2018 and a record low of 440 KWD Million in the third quarter of 1994. Kuwait main imports are: machinery, mechanical appliances, electrical equipment and electronics (24 percent of total imports); transport equipment (14 percent); base metals and articles thereof (12 percent); chemicals and related products (9 percent) and vegetables (6 percent). Main import partners are: United States (12 percent of total imports), China (10 percent), Saudi Arabia (8 percent) and South Korea (7 percent). Others include: Japan, Germany and India. This page provides - Kuwait Imports - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Exports in Kuwait decreased to 4680 KWD Million in the fourth quarter of 2019 from 4739.40 KWD Million in the third quarter of 2019. Exports in Kuwait averaged 3521.80 KWD Million from 1993 until 2019, reaching an all time high of 8855.40 KWD Million in the first quarter of 2012 and a record low of 647.50 KWD Million in the first quarter of 1999. Kuwait is the world´s eighth biggest exporter and the tenth largest producer of oil. Shipments of crude and refined oil account for 95 percent of total exports. Main export partners are: South Korea (18 percent of total exports), India (15 percent), Japan (14 percent), China (10 percent) and United States (8 percent). Others include: Saudi Arabia, United Arab Emirates and Pakistan. This page provides - Kuwait Exports - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Kuwait recorded a trade surplus of 2090 KWD Million in the fourth quarter of 2019. Balance of Trade in Kuwait averaged 2142.59 KWD Million from 1993 until 2019, reaching an all time high of 7065.90 KWD Million in the first quarter of 2012 and a record low of 25.30 KWD Million in the second quarter of 1998. Kuwait has been recording trade surpluses since 1993 due to shipments of oil (95 percent of total exports). Main imports are: machinery, mechanical appliances, electrical equipment and electronics; transport equipment and base metals and articles thereof. Main trading partners are: China (10 percent of total exports and 10 percent of imports), South Korea (18 percent of exports and 7 percent of imports) and United States (8 percent of exports and 12 percent of imports). Others include: India, Japan and Saudi Arabia. This page provides - Kuwait Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Crude Oil Production in Kuwait increased to 2901 BBL/D/1K in March from 2665 BBL/D/1K in February of 2020. Crude Oil Production in Kuwait averaged 2050.77 BBL/D/1K from 1973 until 2020, reaching an all time high of 3768 BBL/D/1K in January of 1973 and a record low of 0 BBL/D/1K in February of 1991. This page provides the latest reported value for - Kuwait Crude Oil Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Crude Oil Rigs in Kuwait increased to 32 in April from 29 in March of 2020. Crude Oil Rigs in Kuwait averaged 17.90 from 1995 until 2020, reaching an all time high of 47 in February of 2017 and a record low of 1 in March of 2003. This page provides - Kuwait Crude Oil Rigs- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The value of loans in Kuwait increased 4.35 percent in March of 2020 over the same month in the previous year. Loan Growth in Kuwait averaged 13.92 percent from 1994 until 2020, reaching an all time high of 43.80 percent in December of 1995 and a record low of 0.60 percent in May of 2011. This page provides - Kuwait Loan Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Consumer Price Index Cpi in Kuwait increased to 115.50 points in March from 115.40 points in February of 2020. Consumer Price Index Cpi in Kuwait averaged 90.19 points from 2001 until 2020, reaching an all time high of 115.50 points in March of 2020 and a record low of 65.30 points in May of 2001. This page provides - Kuwait Consumer Price Index Cpi- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Money Supply M2 in Kuwait increased to 38022.60 KWD Million in March from 37426.60 KWD Million in February of 2020. Money Supply M2 in Kuwait averaged 19802.35 KWD Million from 1993 until 2020, reaching an all time high of 38999.60 KWD Million in June of 2019 and a record low of 6378.20 KWD Million in March of 1994. Kuwait Money Supply M2 includes M1 plus short-term time deposits in banks. This page provides - Kuwait Money Supply M2 - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Money Supply M3 in Kuwait increased to 38022.60 KWD Million in March from 37426.60 KWD Million in February of 2020. Money Supply M3 in Kuwait averaged 19830.43 KWD Million from 1993 until 2020, reaching an all time high of 38999.60 KWD Million in June of 2019 and a record low of 6516.50 KWD Million in March of 1994. Kuwait Money Supply M3 includes M2 plus long-term time deposits in banks. This page provides - Kuwait Money Supply M3 - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Money Supply M1 in Kuwait increased to 11476.50 KWD Million in March from 10494.30 KWD Million in February of 2020. Money Supply M1 in Kuwait averaged 4851.70 KWD Million from 1993 until 2020, reaching an all time high of 11476.50 KWD Million in March of 2020 and a record low of 1042.40 KWD Million in September of 1994. This page provides - Kuwait Money Supply M1 - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The inflation rate in Kuwait was recorded at 1.90 percent in March of 2020. Inflation Rate in Kuwait averaged 2.80 percent from 1995 until 2020, reaching an all time high of 11.70 percent in August of 2008 and a record low of -1.15 percent in April of 1998. In Kuwait, the main components of the Consumer Price Index (CPI) are: housing (33.2 percent); food and beverages (16.7 percent); furnishing and household equipment (11.4 percent); clothing and footwear (8 percent) and transport (7.5 percent). The index also includes miscellaneous goods and services (5.8 percent); education (4.2 percent); communication (4 percent); recreation and culture (3.9 percent); restaurants and hotels (3.4 percent); health (1.5 percent) and tobacco (0.3 percent). . This page provides the latest reported value for - Kuwait Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Loans To Private Sector in Kuwait increased to 40959.60 KWD Million in March from 40547.70 KWD Million in February of 2020. Loans To Private Sector in Kuwait averaged 18845.93 KWD Million from 1993 until 2020, reaching an all time high of 40959.60 KWD Million in March of 2020 and a record low of 1456.20 KWD Million in December of 1993. This page provides - Kuwait Loans To Private Sector- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Standard & Poor's credit rating for Kuwait stands at AA- with stable outlook. Moody's credit rating for Kuwait was last set at Aa2 with under review outlook. Fitch's credit rating for Kuwait was last reported at AA with stable outlook. In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of Kuwait thus having a big impact on the country's borrowing costs. This page includes the government debt credit rating for Kuwait as reported by major credit rating agencies.

The Consumer Price Index in Kuwait increased 0.10 percent in March of 2020 over the previous month. Inflation Rate Mom in Kuwait averaged 0.25 percent from 2001 until 2020, reaching an all time high of 2.20 percent in September of 2007 and a record low of -0.80 percent in July of 2005. Inflation Rate MoM measures month over month change in the price of goods and services. This page provides - Kuwait Inflation Rate MoM- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The transportation sub-index of the CPI basket in Kuwait increased to 125.40 points in March of 2020 from 121.10 points in February of 2020. CPI Transportation in Kuwait averaged 118.95 points from 2016 until 2020, reaching an all time high of 125.70 points in December of 2019 and a record low of 102.10 points in August of 2016. This page provides - Kuwait Cpi Transportation- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Banks Balance Sheet in Kuwait increased to 72774 KWD Million in March from 71709.10 KWD Million in February of 2020. Banks Balance Sheet in Kuwait averaged 33001.92 KWD Million from 1993 until 2020, reaching an all time high of 72774 KWD Million in March of 2020 and a record low of 9942.20 KWD Million in February of 1994. This page provides - Kuwait Banks Balance Sheet- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Kuwait recorded 7623 Coronavirus Cases since the epidemic began, according to the World Health Organization (WHO). In addition, Kuwait reported 47 Coronavirus Deaths. This page includes a chart with historical data for Kuwait Coronavirus Cases.

Kuwait recorded 49 Coronavirus Deaths since the epidemic began, according to the World Health Organization (WHO). In addition, Kuwait reported 7623 Coronavirus Cases. This page includes a chart with historical data for Kuwait Coronavirus Deaths.

Kuwait recorded 2622 Coronavirus Recovered since the epidemic began, according to the World Health Organization (WHO). In addition, Kuwait reported 49 Coronavirus Deaths. This page includes a chart with historical data for Kuwait Coronavirus Recovered.

Gross Fixed Capital Formation in Kuwait increased to 10706.10 KWD Million in 2018 from 10541.90 KWD Million in 2017. Gross Fixed Capital Formation in Kuwait averaged 2485.83 KWD Million from 1964 until 2018, reaching an all time high of 10706.10 KWD Million in 2018 and a record low of 96 KWD Million in 1964. This page provides - Kuwait Gross Fixed Capital Formation - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Foreign Direct Investment in Kuwait increased by 234 KWD Million in the third quarter of 2019. Foreign Direct Investment in Kuwait averaged 121.68 KWD Million from 2012 until 2019, reaching an all time high of 809 KWD Million in the first quarter of 2019 and a record low of -27 KWD Million in the fourth quarter of 2018. This page provides - Kuwait Foreign Direct Investment- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Gasoline Prices in Kuwait remained unchanged at 0.27 USD/Liter in April from 0.27 USD/Liter in March of 2020. Gasoline Prices in Kuwait averaged 0.25 USD/Liter from 1998 until 2020, reaching an all time high of 0.28 USD/Liter in September of 2016 and a record low of 0.17 USD/Liter in December of 1998. This page provides the latest reported value for - Kuwait Gasoline Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Remittances in Kuwait decreased to 1071 KWD Million in the third quarter of 2019 from 1202 KWD Million in the second quarter of 2019. Remittances in Kuwait averaged 1129.84 KWD Million from 2012 until 2019, reaching an all time high of 1326 KWD Million in the third quarter of 2013 and a record low of 943 KWD Million in the third quarter of 2017. In Kuwait, Remittances refers to inflows of migrants’ and short-term employee income transfers (personal remittances). This page provides - Kuwait Remittances - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Central Bank Balance Sheet in Kuwait decreased to 11657.60 KWD Million in March from 11925.50 KWD Million in February of 2020. Central Bank Balance Sheet in Kuwait averaged 4816.40 KWD Million from 1993 until 2020, reaching an all time high of 11925.50 KWD Million in February of 2020 and a record low of 1046.40 KWD Million in August of 1997. This page provides - Kuwait Central Bank Balance Sheet- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Kuwait Three Month Interbank Rate was at 1.56 percent on Friday May 8. Interbank Rate in Kuwait averaged 4.68 percent from 1983 until 2020, reaching an all time high of 11.95 percent in June of 1984 and a record low of 0.63 percent in February of 2013. The interbank rate is the rate of interest charged on short-term loans made between banks in the local currency. This page provides - Kuwait Interbank Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Cost of food in Kuwait increased 2.79 percent in March of 2020 over the same month in the previous year. Food Inflation in Kuwait averaged 4.11 percent from 2001 until 2020, reaching an all time high of 14.20 percent in June of 2008 and a record low of -1.60 percent in September of 2001. This page provides the latest reported value for - Kuwait Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Region’s push into major equity and bond benchmarks drives strong inflows

Manchester United striker Radamel Falcao equalised Colombia's international goals record with a 74th-minute penalty in his country's 3-1 away win over Kuwait in a friendly on Monday.

On Wednesday at Fort Bragg in North Carolina, paratroopers from the 82nd Airborne Division boarded C-17 Globemaster aircraft transports bound for Kuwait.

US-based actor Waleed Zuaiter, 49, takes the lead role in Channel 4's upcoming detective drama Baghdad Central, which is based on a book by American author Elliot Cola.

Embassy of India, Kuwait City
Diplomatic Enclave,
Arabian Gulf Street,
P.O. Box No. 1450 Safat,
13015-Safat, Kuwait.

Telephone: 00-965-22530600, 22540612 / 13
Fax: 00-965-22546958 (Amb), 22571192 (General)
E-Mail: amboffice@indembkwt.org (Amb), fslabour@indembkwt.org (Counsellor Lab & Cul), hoc@indembkwt.org (FS Consular/HOC), fscp@indembkwt.org [FS (P&C)]
Website: www.indembkwt.org

Ambassador
Satish C. Mehta
Deputy Chief of Mission
Vidhu P. Nair

The Indian Rapid Response Team imparted training and shared its experience with the Kuwaiti personnel at Jaber Al Ahmed Hospital as part of capacity building in the fight against COVID-19.The team had reached Kuwait on Monday.A release issued by External Affairs Ministry on Monday said that the rapid response team is expected to stay in Kuwait for the next two weeks to help the Kuwait government with medical assistance in testing and treatment of the people infected by the novel coronavirus.The team went to Kuwait following a phone call between Prime Minister Narendra Modi and Prime Minister of Kuwait Sheikh Sabah Al-Khaled Al-Hamad Al-Saba. Both the leaders had agreed for a coordinated approach towards the deadly disease.

Kuwait will enact a "total curfew" from 4pm (1300 GMT) on Sunday through to May 30 to help to curb the spread of the new coronavirus, its cabinet said in a statement on Friday.

Kuwait will enact a "total curfew" from 4pm (1300 GMT) on Sunday through to May 30 to help to curb the spread of the new coronavirus, its cabinet said in a statement on Friday.

Kuwait Petroleum Corporation

Kuwait National Petroleum Corporation

During the curfew, public sectors will work remotely and private sector activities, excluding vital ones, will be suspended, the statement said. All banks will be closed, but will continue to provide services electronically.

Rotch Library - NA1472.5.F33 2016

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