Monday , September 24 2018

Tag Archives: GDP

Kuwait’s GDP rose by 8.7% in 2017 at current prices – Contribution of oil sector soars to 47.5% at current prices during fourth quarter

KUWAIT CITY, March 28, (KUNA): Kuwait’s Gross Domestic Product (GDP) at current prices reached KD 36.4 billion (about $120.2 billion) in 2017, an increase of 8.7 percent, Kuwait’s Central Statistical Bureau (CSB) said Wednesday. The GDP at constant prices hit KD 39.76 billion (about $131.2 billion) in 2017, a drop …

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Kuwait current account surplus improves in Q3 – Strong import growth weighs on trade balance

KUWAIT CITY, Feb 21: Kuwait’s current account surplus improved in 3Q17, as easing remittances and resilient exports countered a larger deficit in services. The surplus rose to KD 0.42 billion, versus KD 0.26 billion in 2Q17, reaching an annualized 4.8% of GDP. Overall, the preliminary current account figures for the …

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Plan to raise private sector’s role in ‘GDP’ – ‘Obstacles to be removed’

KUWAIT CITY, Jan 13: A local consultative center monitored a number of obstacles and challenges that hinder the contribution of private sector to GDP due to poor decision making and lack of opportunity for local companies in implementing their productive and operational investment initiatives to enhance contribution of private sector …

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GDP growth picks up in first quarter – Investment boosts foreign reserves; fiscal deficit narrows to 11% of GDP in FY16/17

KUWAIT CITY, Sept 18: The economic recovery strengthened noticeably during the first half of 2017 following the 2016 slowdown. The economy has benefited from strong export growth, a revived tourism sector (albeit from a low base) and a healthy increase in investment. The government’s reform program, starting with the November …

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GDP seen to grow 3pct in ‘16, 3.1% in ‘17

The Qatari economy is expected to continue its expansion over the next few years despite the slowdown in non-hydrocarbon sector activity observed against the backdrop of low energy prices and government fiscal restraint. Elevated public investment in the government’s $200 billion infrastructure development plan, including FIFA World Cup 2022 projects, …

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Real GDP expands by 1.8 pct in 2015 – Growth boosted by strong investment

KUWAIT CITY, Aug 22: Preliminary national account figures show overall GDP growth accelerating to 1.8 percent in 2015 from 0.5 percent in 2014, boosted by record high investment. While the figures show nonoil GDP growth slowing to 1.3 percent in 2015, we think growth will likely be revised higher when …

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Qatar’s real GDP growth slows to 3.8 pct y/y in Q3 – Trade surplus shrinks 54% y/y in November

DOHA, Qatar, Jan 3, (RTRS): Qatar’s Ministry of Development Planning and Statistics released the following preliminary third-quarter gross domestic product data on Sunday, adjusted for inflation. Qatar Real GDP             Q3/15    Q2/15      Q1/15 pct change year/year             3.8        4.8          4.1 pct change quarter/quarter       2.8        0.5          3.4 Note: The base year is 2013. …

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Reforms to hit citizens hard – Govt must share responsibility

It is impossible for any rational mind to be distinctly convinced by irrational economic reforms, especially if the proposed reforms bear the actual impact of economic mistakes or fundamentals of the reform plans. I am talking about the recent leakage of horrific unfair recommendations by one of the committees in …

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GDP growth in ’15 forecast to slowdown to 3.5 percent yr/yr

Oil sector growth seen anemic in near-to-medium term KUWAIT CITY, Oct 2: Real economic growth in the UAE is forecast to slow down modestly in 2015 to around 3.5% year-on-year (y/y) in 2015, as real oil GDP growth continues to get stung by conditions in the international energy markets. Growth …

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