Kuwait witnessed a decrease in the value of remittance from expatriates during the year 2023. According to reports, the value of transfers abroad reach about 3.9 billion dinars, compared to 5.4 billion dinars in the previous year.
The Central Bank also stated that the net value of transactions related to services between residents and non-residents, including transportation, travel, communications, and construction services, recorded a deficit of 5.8 billion dinars last year, compared to a deficit of 5.1 billion dinars in the previous year.