Kuwait expatriates sent home 4.27 billion K.D in nine months

  • 04/01/2023

Kuwait City, Jan 3: According to figures from the Central Bank of Kuwait, the amount of remittances sent by expatriates in Kuwait during the first nine months of 2022 was KD 4.27 billion. About KD 1.49 billion, KD 1.51 billion, and KD 1.28 billion were spent in each of the first, second, and third quarters, respectively.

When compared to transfers amounting to KD 4.12 billion made during the same time in 2021, expatriates' transfers grew by 3.6 percent in the first nine months of 2022. In terms of how the local economy and the global economy overlapped over the financial era, the balance of payments is regarded as a sign of how well the Kuwaiti economy performed.

The balance of payments is an essential tool that decision-makers can use to assess the competitiveness of the economies of their nations. It assists them in formulating, drawing and estimating macroeconomic policies in general and economic relations, particularly in light of its productive structure and the robustness and competitiveness of its national economy.

Related News

1,540 traffic violations issued, 33 people arrested
  • 23/11/2024
Kuwait Seeks Approval for Filipino Domestic Workers
  • 22/11/2024
Kuwait Amir conveys good wishes to Trump
  • 22/11/2024
Kuwait sees surge in traffic violations
  • 19/11/2024
MoI: 199 deaths due to traffic accidents in 9 months
  • 19/11/2024
MoI: 385 residency violators arrested, 497 deported within ...
  • 18/11/2024
Tanker explosion kills one, injures another in Amghara
  • 18/11/2024
Philippines issues new guidelines to protect domestic worke ...
  • 16/11/2024
Kuwaiti court convicts trio of citizenship forgery
  • 14/11/2024
Indians lead Kuwait labour market
  • 14/11/2024
British Embassy organizes car rally on Al Khaleej Street
  • 12/11/2024
Egyptian contractor dies after falling from Al-Mutlaa constr ...
  • 11/11/2024