Central Bank of Kuwait records increase in spending by citizens and residents

Monday, August 6, 2018

Citizens and residents spent KD 5.6 billion at various point-of-sale transactions during the first six months of 2018.

According to official data released by the Central Bank of Kuwait, this is an increase of 16.2 percent to KD 787.5 million compared to KD 4.8 billion spent during the same period in 2017.

The figures show that the expenditures of citizens and residents through points of sale in Kuwait rose by 16.1 percent to KD 722.5 million, amounting to KD 5.1 billion during the first six months of the year, which is higher compared to the KD 4.4 billion spent during the same period last year.

Spending through points of sale overseas also saw an increase of 16.5 percent to KD 457 million in the first half of 2018, compared to KD 392 million in the same period last year.

The total amount withdrawn by citizens and residents through ATM machines has increased by 3.1 percent to KD 192.1 million. About KD 6.24 billion was withdrawn during the first six months of 2018 compared to KD 6.04 billion withdrawn during the same period last year.

Regarding online expenditures of citizens and residents inside Kuwait, it increased by 3.1 percent to KD 6.08 billion, which is an increase of KD 185.5 million compared to KD 5.8 billion during the same time in 2017. The volume of expenditure through ATMs abroad increased by 4.2 percent to KD 160.9 million during the first half of this year compared to KD 154.3 million during the same time last year.

Express your comment on this article

Submit your comments...
     
Disclaimer: The views expressed here are strictly personal and IndiansinKuwait.com does not hold any responsibility on them. We shall endeavour to upload/publish as many of the comments that are submitted as possible within a reasonable span of time, but we do not guarantee that all comments that are submitted will be uploaded/published. Messages that harass, abuse or threaten other members; have obscene, unlawful, defamatory, libellous, hateful, or otherwise objectionable content; or have spam, commercial or advertising content or links are liable to be removed by the editors. We also reserve the right to edit the comments that do get published. Please do not post any private information unless you want it to be available publicly.

Community News
 

IndiansinKuwait.com presents a Free Seminar on "Dream Merchant" on Thursday, 17th January 2018. This life changing seminar w...

Kuwait Odisha Association -(KOA), organized a Beach Cleanup Drive on 4th January 2019 at Mahboula Beach. Around 100 member...

The Kuwait Wayanad Association (KWA) organized a winter camp at Wafra Farm House as "Vayalnadin Sangam 2019". Started on ...

Advaitham Kuwait Office bearers for the year 2019-20 have been elected unanimously in the 5th Annual General Body meeting he...

Indiansinkuwait.com presents a Free Art Workshop with the theme "Learn to paint your Imagination" On January 18th Friday fro...