Press Releases
Key Developments in the Balance of Payments of the State of Kuwait for the Year 2013*
Provisional data on the BOP of the State of Kuwait for 2013 indicate continued surpluses in the external balances. The Current Account (reflecting the outcome of transactions between the domestic economy and other economies encompassing goods, services, Primary Income "investment income", and Secondary Income "current transfers") realized a surplus of KD 20316 million (39.7% of 2012 GDP) during 2013 against KD 22062 million (43.1% of 2012 GDP) during 2012. The decline in the current account surplus mainly reflects the decrease in the surplus of the Balance on Goods (merchandise exports minus merchandise imports on f.o.b. basis) which reached KD 25442 million during 2013 compared to KD 26762 million during the previous year.
The developments in the Financial Account of the State of Kuwait’s BOP during 2013 demonstrate a slow growth in the net value of external assets owned by residents to reach KD 21711 million during 2013 against KD 23566 million during the previous year. Consequently, the overall surplus of Kuwait’s BOP amounted to KD 954 million during 2013 against KD 918 million during the previous year.
The overall position of Kuwait's BOP from a broader perspective, encompassing the change in the net value of external assets of some government institutions listed under the "General Government" item and the change in the total reserve assets of the CBK, shows a surplus of KD 16271 million during 2013 against KD 20683 million during the previous year.
(*)The Central Bank of Kuwait publishes today the preliminary data on BOP of the State of Kuwait for 2013 Q4 and on an annual aggregate basis of 2013 quarters, in addition to the revised estimates of 2012 data on the same basis. The BOP data of the State of Kuwait are prepared in accordance with the guidelines of the sixth edition of the Balance of Payments and International Investment Position Manual (BPM6) issued by the International Monetary Fund in 2009.
Balance of Payments of the State of Kuwait – 2012 Quarters
Provisional Balance of Payments of the State of Kuwait – 2013 Quarters
Provisional Balance of Payments of the State of Kuwait for the year 2013
