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Country Report Kuwait May 2011
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HTMLData and charts: Quarterly data
| 2009 | 2010 | |||||||
| 1 Qtr | 2 Qtr | 3 Qtr | 4 Qtr | 1 Qtr | 2 Qtr | 3 Qtr | 4 Qtr | |
| Government finance (KD m) | ||||||||
| Revenue | 2,578 | 3,382 | 4,834 | 4,687 | 5,022 | 5,120 | 4,829 | 5,179 |
| Oil | 2,304 | 3,143 | 4,601 | 4,434 | 4,670 | 4,805 | 4,566 | 4,744 |
| Expenditure | 6,311 | 1,372 | 1,854 | 2,460 | 4,071 | 1,898 | 2,621 | 3,575 |
| Balance | -3,732 | 2,010 | 2,980 | 2,228 | 951 | 3,222 | 2,208 | 1,604 |
| Prices | ||||||||
| Consumer prices (2000=100) | 124.1 | 124.9 | 125.1 | 125.8 | 127.7 | 128.7 | 130.8 | 132.9 |
| Consumer prices (% change, year on year) | 6.1 | 4.9 | 3.1 | 1.9 | 2.8 | 3.0 | 4.6 | 5.6 |
| Crude oil prices (US$/b; spot) | ||||||||
| Kuwait export | 41.8 | 58.9 | 67.4 | 74.4 | 74.8 | 76.0 | 72.0 | 82.3 |
| OPEC basket | 42.9 | 58.5 | 67.7 | 74.3 | 75.4 | 76.6 | 73.8 | 83.8 |
| Brent | 45.0 | 59.1 | 68.4 | 75.0 | 76.7 | 78.7 | 76.4 | 86.8 |
| Financial Indicators | ||||||||
| Exchange rate KD:US$ (av) | 0.289 | 0.290 | 0.287 | 0.286 | 0.288 | 0.290 | 0.288 | 0.281 |
| Exchange rate KD:US$ (end-period) | 0.291 | 0.287 | 0.287 | 0.287 | 0.289 | 0.291 | 0.284 | 0.281 |
| Deposit rate (av; %) | 3.50 | 2.70 | 2.50 | 2.63 | 2.43 | 2.33 | 2.30 | 2.27 |
| Discount rate (end-period; %) | 3.80 | 3.00 | 3.00 | 3.00 | 2.50 | 2.50 | 2.50 | 2.50 |
| Lending rate (av; %) | 6.67 | 6.10 | 5.97 | 5.93 | 5.67 | 5.40 | 5.37 | 5.27 |
| Money market rate (av; %) | 2.51 | 1.51 | 1.23 | 1.13 | 1.04 | 0.98 | 0.98 | 0.98 |
| M1 (end-period; KD m) | 4,695 | 5,003 | 4,857 | 4,714 | 5,248 | 5,569 | 5,437 | 5,625 |
| M1 (% change, year on year) | -3.3 | -0.2 | 2.5 | 7.9 | 11.8 | 11.3 | 11.9 | 19.3 |
| M2 (end-period; KD m) | 24,862 | 25,151 | 24,493 | 24,896 | 25,638 | 25,269 | 25,159 | 25,634 |
| M2 (% change, year on year) | 21.9 | 21.5 | 14.4 | 13.4 | 3.1 | 0.5 | 2.7 | 3.0 |
| KSE general index (end-period; Dec 29th 1993=1,000) | 6,703 | 8,010 | 7,842 | 6,989 | 7,533 | 6,543 | 6,985 | 6,956 |
| Sectoral trends | ||||||||
| Crude oil production (m barrels/day)a | 2.34 | 2.28 | 2.25 | 2.28 | 2.29 | 2.30 | 2.30 | 2.30 |
| Crude oil production (% change, year on year) | -9.4 | -13.3 | -14.0 | -11.7 | -2.0 | 1.2 | 2.5 | 1.0 |
| Foreign trade (KD m) | ||||||||
| Exports fob | 2,685 | 3,443 | 3,970 | 4,774 | 4,500 | 4,809 | 4,523 | n/a |
| Oil | 2,396 | 3,184 | 3,681 | 4,155 | 4,206 | 4,494 | 4,227 | n/a |
| Imports cif | -1,450 | -1,378 | -1,412 | -1,612 | -1,146 | -1,165 | -1,141 | n/a |
| Trade balance | 1,235 | 2,064 | 2,558 | 3,162 | 3,355 | 3,644 | 3,382 | n/a |
| Foreign reserves (US$ m) | ||||||||
| Reserves excl gold (end-period) | 17,537 | 16,465 | 19,859 | 20,268 | 19,851 | 20,965 | 21,746 | 21,237 |
| a Excluding partly refined petroleum. Including half-share of Neutral Zone production. | ||||||||
| Sources: International Energy Agency, Oil Market Report; Platts; Central Bank of Kuwait; IMF, International Financial Statistics. | ||||||||
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