Citizens and expatriates spending declines this year

Wednesday, December 4, 2019

Expenditures of citizens and expatriates during the first half of this year using bank cards shows a decline compared to the expense during the same period last year. According to Al-Anba Arabic daily, the total spend using bank card this year first half is KD 11.8 billion, which is an annual decline of 0.8 percent compared to expenditures of KD 11.9 billion dinars in the same period last year.

According to data from the Central Bank of Kuwait, the total payments through Point-of-Sale (POS) inside and outside Kuwait during the first half of this year were KD 5.49 billion, and the cash withdrawal using ATMs both inside and outside Kuwait during the same period stood at KD 6.29 billion.

The amounts disbursed using bank cards during the first quarter of this year amounted to KD 5.9 billion, which is an increase of four percent compared to KD 5.7 billion in the first quarter of 2018.

The expenditures of both the citizens and expatriates using bank cards during the second quarter of this year was about KD 5.8 billion, which is a decline of 5.2 percent compared to KD 6.17 billion in the second quarter of 2018.

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