Kuwait’s current account records $7.1bln in 2017 | ZAWYA MENA Edition

Kuwait’s current account records $7.1bln in 2017 | ZAWYA MENA Edition:

"Kuwait’s Current Account recorded a surplus of KD 2,152 million (about $7.1 billion), against a deficit of KD 1. 528 million ($5.04 billion in 2016, the CBK said in a press release Tuesday. The surplus in the current account is due to the rise in the surpluses of balance on goods and the primary income on one hand, and the decrease in the secondary income deficit on the other, it added. According to the CBK, the surplus in the current account mainly reflects a surge in the value of oil exports at a greater rate than that of value of merchandise imports."



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