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Quarterly Statistical Bulletin

The "Quarterly Statistical Bulletin" provides up-to-date statistics and data and highlights a number of economic, financial, monetary and banking developments in the State of Kuwait's economy and their impact on the local monetary and banking indicators during that quarter.


Moreover, the "Quarterly Statistical Bulletin" presents recent data on the most notable developments in the Balance of Payments and General Budget of the State of Kuwait, and Kuwait Stock Exchange.

Definitions:

  1. Currency in Circulation: 
    Currency outside the vaults of the Central Bank of Kuwait, which represents the amount of currency issued by the CBK and held by residents and non- residents.
  2. Monetary Base or Money Supply in its narrow definition (MO): 
    Signifies currency in Circulation, demand and time deposits of local banks and other resident financial institutions with the CBK, in addition to CBK Bond holdings of local banks and other entities. Monetary Base means money supply in its narrowest definition (M0).
  3. Money (MI): 
    Currency in circulation + sight deposits with local banks (private deposits in KD). Money means money supply in its narrow definition (M1).
  4. Quasi-money: 
    Balances of Savings deposits (in KD) + time deposits (in KD) + foreign currency deposits + CDs (in KD). The private sector maintains quasi-money components with local banks. 
  5. Certificates of Deposit: 
    Negotiable financial papers denominated in Kuwaiti dinars. The term quasi-money also includes that portion of CDs issued by Kuwaiti local banks and held by other parties (i.e. excluding the portion held by these banks themselves). 
  6. Money Supply in its broad definition (M2): 
    Money (M1) + quasi-money.
  7. Money Supply in its broader definition (M3): 
    Includes money supply in its broad definition (M2), plus private sector deposits with deposit-accepting finance/investment companies.
  8. Claims on the Private Sector: 
    Credit facilities extended by local banks to the private sector + domestic investments by local banks + CDs issued by other non-bank private sector units and held by local banks.
  9. Credit Facilities: 
    Discounts and advances provided by local banks to residents, either in the form of overdrafts, or loans for specific purposes and fixed terms, whether given in both local or foreign currencies to persons, financial or non-financial companies and institutions (other than banks).
  10. Private Sector: 
    It means individuals, institutions and companies belonging to private, joint or public sectors, including public institutions with independent budgets (excluding Kuwait Credit Bank).
  11. Government: 
    Ministries, governmental departments, and public institutions with attached budgets and Kuwait Credit Bank.
  12. Local Banks: 
    Include all Kuwaiti banks, foreign banks’ branches licensed to operate in the State of Kuwait. 
  13. Other Deposit Liabilities with Local Banks: 
    Such as matured time deposits not covered by instructions for renewal from customer, deposits belonging to customers at branches and resulting from the payment of salaries by the government and institutions through the main office, funds due to commission agents concerning letters of credit, salaries or funds transferred to certain customers who have no sight deposit accounts, or who have accounts but no mention is made of the number, and suspense accounts (for example, the address of the customers is unknown), as well as other liabilities. 
  14. Exchange Companies: 
    Exchange Companies encompass those companies subject to CBK’s supervision and licensed to exercise banking activities (such as purchasing and selling currencies, travelers cheques and drafts, trading in precious metals, and collecting cheques and drafts drawn on foreign entities). These companies do not include individually-owned exchange institutions which are not subject to CBK’s supervision. 
  15. Investment/Finance Companies: 
    Include conventional and Islamic investment/finance companies registered with the CBK. In accordance with Law No. 7/2010 concerning the establishment of the Capital Markets Authority (CMA) and the Regulation of the Activity of Securities, and Ministerial Decision No. 38/2011 regarding the organization of CBK’s supervision on finance companies, the supervision on investment companies has transferred from the CBK to CMA as of 13 September 2011. Therefore, CBK’s role toward these companies is now confined to the supervision of their practiced financial activity. 
  16. Credit Cards, Issued by Local Banks: 
    Credit Cards are plastic cards which provide customers with credit up to certain limits, and may allow him payment by installment of the amount debited using the card. 
  17. Debit Cards, Issued by Local Banks: 
    Debit Cards are plastic cards which directly debit the customer’s account. Their limits are the available balance in the customer’s account, and they are linked to the customer’s account at the issuing bank. 
  18. Valid Cards: 
    Represent credit/debit cards valid as at the end of the period, and is calculated as the total number of these cards valid at the start of the period, PLUS their total number issued for the first time during the period, MINUS the total number of these cards which were cancelled and not renewed  during that period. 
  19. Point-of-Sale Machines: 
    Machines which local banks (conventional, Islamic, and foreign bank branches) provide to the traders among their customers, for processing the credit/debit card payment transactions of these traders’ customers.
  20. ATMs: 
    Automatic Teller Machines (ATMs) are operated or loaded by local banks (conventional, Islamic, and foreign banks’ branches), whether owned by these banks or by the K-Net Company, and are used to process cash withdrawal operations carried out through plastic cards, as well as other banking transactions.

Notes:

  1. Tables in this bulletin encompass the available data at local banks and investment companies registered with CBK.
  2. As of December 2004 tables in this publication encompass data updated according to the Islamic Banking Supervision (IBS) forms, in addition to data on the BNP Paribas Bank (Kuwait Branch) as of March 2005, the HSBC Middle East Bank (Kuwait Branch) as of September 2005, the National Bank of Abu Dhabi (Kuwait Branch) as of November 2005, the Citibank (Kuwait Branch) as of April 2006, the Qatar National Bank (Kuwait Branch) as of December 2007, the Doha Bank (Kuwait Branch) as of June 2008, the Mashreq Bank (Kuwait Branch) as of September 2009, and the BankMuscat (Kuwait Branch) as of March 2010. These tables also include aggregate financial data on conventional investment companies and investment companies operating according to the provisions of Islamic Sharia, as of December 2001.
  3. Deposits of the Savings and Credit Bank were reclassified under Government deposits.

 

Symbols and Notes

... Not Available   * Provisional, or estimated figures
. Not Applicable   x Revised figures
- Magnitude zero or insignificant   n New tables
1 Significant breaks in the homogeneity of a series are indicated by a horizontal or vertical line across the series.   2 The slight discrepancies in totals or percentages are due to rounding.

Notes

  • Tables in this bulletin encompass the available data about conventional and Islamic local banks, investment companies and finance companies registered with the CBK, and exchange companies. For further information, please refer to the CBK’s website: www.cbk.gov.kw
  • Deposits of Kuwait Credit Bank (formerly Savings and Credit Bank) were reclassified under Government deposits.

Data for January - March 2016

Table 47: Balance of Payments of Kuwait XMLExcel

(Million Dinars)

Description 2011 2012 2013 2014 2015
Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit
First : Current Account(A+B+C): - 18,255 - 22,149 - 19,707 - 15,479 - 1,797
    A - Goods and Services Account - 19,688 - 23,274 - 21,367 - 16,911 - 2,646
        1 - Balance on Goods: - 22,149 - 26,706 - 25,571 - 22,059 - 8,419
            - Goods : Exports (f.o.b.), of which: - 28,386 - 33,492 - 32,824 - 29,737 - 16,644
                - Oil Exports - 26,689 - 31,608 - 30,790 - 27,753 - 14,683
            - Goods : Imports (f.o.b.) 6,236 - 6,786 - 7,253 - 7,678 - 8,225 -
        2 - Services 2,461 - 3,432 - 4,204 - 5,149 - 5,774 -
            - Transportation 1,706 1,402 1,871 1,142 1,502 363 1,586 470 1,643 455
            - Travel 2,226 88 2,589 119 2,737 84 3,356 105 3,711 150
            - Communications 63 994 67 965 154 950 110 869 118 813
            - Construction 405 - 579 - 565 - 676 - 703 -
            - Other Services 454 138 497 83 678 188 775 148 885 181
                - Government Goods & Services 394 164 303 164 321 166 413 175 488 175
    B - Primary Income - 2,533 - 3,554 - 3,759 - 4,451 - 4,122
        1 - Compensation of Employees 45 2 39 1 37 1 51 16 35 21
        2 - Investment Income - 2,576 - 3,592 - 3,795 - 4,487 - 4,136
            - Direct Investment 186 657 206 1,353 47 1,185 42 1,274 400 1,233
            - Portfolio Investment - 1,693 7 1,907 3 2,372 15 2,700 14 2,979
            - Other Investment 162 479 113 572 308 514 84 568 459 708
            - Reserve Assets - 95 - 86 - 83 - 85 - 88
    C - Secondary Income 3,967 - 4,679 - 5,418 - 5,883 - 4,971 -
        1- General Government 381 1 344 1 386 1 730 1 429 1
        2- Other Sectors, of which: 3,588 - 4,335 - 5,033 - 5,154 - 4,543 -
            -Workers Remittances 3,546 - 4,289 - 4,985 - 5,108 - 4,492 -
Second : Capital Account(A+B): - 941 - 1,188 - 1,265 - 1,095 123 -
    A - Capital Transfers - 941 - 1,188 - 1,273 - 1,095 123 -
        - General Government 16 445 16 416 17 - 69 - 68 -
        - Other Sectors 48 561 32 820 49 1,340 50 1,214 55 -
    B - Nonproductive Nonfinancial Assets - - - - 8 - - - - -
Third : Balance of Current & Capital Account (Net lending+ Net borrowing-) - 19,196 - 23,337 - 20,972 - 16,574 - 1,673
Fourth : Financial Account (1+2+3+4+5) : 17,808 - 23,524 - 20,433 - 16,354 - 2,066 -
    1 - Direct Investment: 2,074 - 1,083 - 4,315 - - 3,250 1,538 -
        Direct Investment Abroad: 2,973 - 1,887 - 4,721 - - 2,979 1,627 -
            -Equity Securities 3,208 - 2,756 - 4,637 - - 3,005 1,393 -
            -Debt instruments - 235 - 869 84 - 26 - 234 -
        Foreign Direct Investment in Kuwait: - 899 - 804 - 407 - 271 - 88
            -Equity Securities - 885 - 812 - 395 - 272 - 88
            -Debt instruments - 14 8 - - 11 - - - 1
    2 - Portfolio Investment (Net) 2,115 - 6,695 - 6,022 - 17,633 - 9,890 -
        Assets 2,332 - 7,117 - 6,215 - 17,771 - 9,986 -
            - Equity Securities 2,687 - 2,240 - 5,490 - 14,091 - 7,759 -
            - Debt Instruments - 356 4,878 - 725 - 3,680 - 2,227 -
        Liabilities - 217 - 422 - 194 - 137 - 96
            - Equity Securities - 230 - 179 - 18 - 162 23 -
            - Debt Instruments 13 - - 243 - 175 25 - - 119
    3 - Financial derivatives (Net): - 172 - 18 16 - 80 - - 46
        Assets - 7 25 - 87 - 433 - 284 -
            - Local Banks - 9 35 - 165 - 443 - 284 -
            - Other Sectors 2 - - 9 - 78 - 9 - -
        Liabilities - 166 - 43 - 72 - 353 - 330
            - Local Banks - 152 - 23 - 180 - 332 - 297
            - Other Sectors - 14 - 20 108 - - 21 - 34
    4 - Other Investments (Net): 12,561 - 14,835 - 9,124 - 1,528 - - 8,430
        Assets: 13,175 - 13,207 - 10,068 - 2,461 - - 6,769
            - Currency and Deposits: 12,466 - 12,942 - 9,487 - 2,540 - - 6,647
                -General Government 9,782 - 11,818 - 7,604 - 851 - - 8,077
                -Local Banks 796 - 677 - 301 - 588 - 610 -
                -Other Sectors, of which: 1,888 - 446 - 1,581 - 1,101 - 820 -
                    Investment Companies - 51 98 - - 73 8 - 33 -
            - Loans: 154 - 389 - 509 - 778 - 505 -
                -General Government, of which 196 - 270 - 274 - 324 - 376 -
                    Kuwait Fund 130 104 135 94 104 98 121 101 153 106
                -Local Banks - 131 59 - 165 - 284 - 127 -
                -Other Sectors, of which: 89 - 60 - 71 - 171 - 2 -
                    Investment Companies 14 - - 16 10 - - 2 - 10
            - Insurance & Guarantee schemes : - - - - - - - - - -
                -General Government - - - - - - - - - -
                -Local Banks - - - - - - - - - -
                -Other Sectors - - - - - - - - - -
            - Trade Credit: (1) 663 - 318 - 101 - - 1,018 - 581
                -General Government 663 - 318 - 101 - - 1,018 - 581
                -Other Sectors - - - - - - - - - -
            - Other: - 108 - 441 - 28 161 - - 46
                -General Government 29 - 5 - 66 - 175 - 22 -
                -Local Banks 2 - - 414 62 - - 46 - 8
                -Other Sectors, of which: - 139 - 33 - 157 32 - - 60
                    Investment Companies - 73 - 47 - 86 16 - - 60
        Liabilities: - 613 1,628 - - 945 - 933 - 1,661
            -Currency and Deposits - 290 467 - - 537 - 738 - 263
                -General Government - - - - - - - - - -
                -Local Banks - 290 467 - - 537 - 738 - 263
                -Other Sectors - - - - - - - - - -
            - Loans: - 305 1,082 - - 285 - 380 - 1,377
                -General Government 16 - 16 - - 204 - 332 - 450
                -Local Banks 94 - - 229 363 - - 319 356 -
                -Other Sectors, of which: - 416 1,295 - - 444 271 - - 1,283
                    Investment Companies - 183 210 - 683 - 89 - - 116
            -Insurance & Guarantee schemes - - - - - - - - - -
                -General Government - - - - - - - - - -
                -Local Banks - - - - - - - - - -
                -Other Sectors - - - - - - - - - -
            - Trade Credit: - - - - - - - - - -
                -General Government - - - - - - - - - -
                -Other Sectors - - - - - - - - - -
            - Other: - 18 79 - - 124 186 - - 21
                -Central Bank of Kuwait (2) - - - - - - - - - -
                -General Government - 78 116 - 113 - 87 - 223 -
                -Local Banks 7 - - 113 62 - - 89 - 92
                -Other Sectors, of which: 52 - 75 - - 299 188 - - 152
                    Investment Companies 41 - 76 - - 215 106 - 28 -
    5 - Reserve Assets (CBK) : 1,231 - 928 - 957 - 363 - - 886
            - Monetary Gold - - - - - - - - - -
            - Special Drawing Rights - - - 14 - 1 11 - - 27
            - Reserve Position in the Fund 72 - 14 - 28 - - 2 - 34
            - Other reserve assets, of which: 1,159 - 927 - 930 - 354 - - 826
                Currency and Deposits 1,159 - 927 - 930 - 354 - - 826
Fifth : Net Errors & Omissions 1,388 - 187 - 540 - 220 - - 393
Overall Balance - 1,231 - 928 - 957 - 363 886 -

*
BOP data as from 2009 are prepared according to BPM6 issued by IMF in 2009.
(1)
Including the oil credit and payments effected for financing imports or the settlement of outstanding payments concerning previous periods.
(2)
Including the changes in the value of foreign liabilities, as these liabilities were excluded from the item (Fifth) which represents the reserve assets (CBK) on gross basis.

Data as of :20-07-2016

All data is the property of Central Bank of Kuwait.

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