Kuwait Domestic Credit Growth
Key information about Kuwait Domestic Credit Growth
- Kuwait Domestic Credit shrunk by 0.4 % YoY in Mar 2024, compared with an increase of 2.4 % YoY in the previous month
- Kuwait Domestic Credit Growth YoY data is updated monthly
- It averaged 5.4 %, available from Jan 1995 to Mar 2024
- The data reached an all-time high of 34.1 % in Jan 2008 and a record low of -7.7 % in May 2001
CEIC calculates Domestic Credit Growth from monthly Domestic Credit. Domestic Credit is calculated as the sum of Claims on Private Sector and Government minus Liabilities on Government. The Central Bank of Kuwait provides Domestic Credit in local currency.
Further information about Kuwait Domestic Credit Growth
- In the latest reports, Kuwait Domestic Credit reached 129.1 USD bn in Mar 2024
- Money Supply M2 in Kuwait increased to 129.8 USD bn YoY in Mar 2024
- Kuwait Foreign Exchange Reserves was measured at 41.1 USD bn in Jan 2024
- The Foreign Exchange Reserves equaled 13.6 Months of Import in Dec 2023
- The country's Non Performing Loans Ratio stood at 1.4 % in Dec 2023, compared with the ratio of 1.7 % in the previous quarter
- Household Debt of Kuwait reached 0.7 % in Sep 2023, accounting for 0.7 % of the country's Nominal GDP
View Kuwait's Domestic Credit Growth from Jan 1995 to Mar 2024 in the chart:
What was Kuwait's Domestic Credit Growth in Mar 2024?
Kuwait Domestic Credit shrunk by 0.4 % YoY in Mar 2024, compared with an increase of 2.4 % YoY in the previous month See the table below for more data.
Last | Previous | Min | Max | Unit | Frequency | Range |
---|---|---|---|---|---|---|
-0.4 Mar 2024 | 2.4 Feb 2024 | -7.7 May 2001 | 34.1 Jan 2008 | % | monthly | Jan 1995 - Mar 2024 |
Domestic Credit Growth by Country Comparison
Buy Selected Data
country/region | Last | Frequency | Range |
---|---|---|---|
Albania (%) | 2.3 Feb 2024 | monthly | Dec 2003 - Feb 2024 |
Algeria (%) | 4.4 Feb 2024 | monthly | Dec 2002 - Feb 2024 |
Argentina (%) | 342.6 Jan 2024 | monthly | Jan 1991 - Jan 2024 |
Armenia (%) | 17.0 Feb 2024 | monthly | Dec 1994 - Feb 2024 |
Australia (%) | -0.5 Feb 2024 | monthly | Dec 2002 - Feb 2024 |
Austria (%) | -1.2 Jan 2024 | monthly | Jan 2000 - Jan 2024 |
Azerbaijan (%) | 9.9 Feb 2024 | monthly | Dec 2002 - Feb 2024 |
Bahrain (%) | 2.2 Feb 2024 | monthly | Sep 1992 - Feb 2024 |
Bangladesh (%) | 12.1 Feb 2024 | monthly | Jul 1988 - Feb 2024 |
Belarus (%) | 15.4 Mar 2024 | monthly | Dec 2007 - Mar 2024 |
Belgium (%) | 0.8 Jan 2024 | monthly | Jan 2000 - Jan 2024 |
Bolivia (%) | 6.3 Oct 2023 | monthly | Dec 2002 - Oct 2023 |
Bosnia and Herzegovina (%) | 10.1 Feb 2024 | monthly | Aug 1998 - Feb 2024 |
Botswana (%) | 19.0 Dec 2023 | quarterly | Dec 2005 - Dec 2023 |
Brazil (%) | 14.6 Feb 2024 | monthly | Dec 2002 - Feb 2024 |
Brunei (%) | 34.6 Nov 2023 | monthly | Jan 2000 - Nov 2023 |
Bulgaria (%) | 17.9 Mar 2024 | monthly | Dec 1994 - Mar 2024 |
Cambodia (%) | 4.9 Feb 2024 | monthly | Dec 1995 - Feb 2024 |
Canada (%) | 2.8 Feb 2024 | monthly | Jan 1970 - Feb 2024 |
Chile (%) | 4.4 Jan 2024 | monthly | Dec 1979 - Jan 2024 |
China (%) | 9.6 Mar 2024 | monthly | Jun 2000 - Mar 2024 |
Colombia (%) | 5.4 Jan 2024 | monthly | Jan 1994 - Jan 2024 |
Croatia (%) | 5.9 Dec 2022 | monthly | Jun 1995 - Dec 2022 |
Cyprus (%) | -6.1 Jan 2024 | monthly | Nov 2006 - Jan 2024 |
Czech Republic (%) | 7.6 Mar 2024 | monthly | Jan 2003 - Mar 2024 |
Denmark (%) | -3.6 Jan 2024 | monthly | Dec 2002 - Jan 2024 |
Ecuador (%) | 8.9 Mar 2024 | monthly | Jan 2007 - Mar 2024 |
Egypt (%) | 31.5 Mar 2024 | monthly | Jan 1997 - Mar 2024 |
Estonia (%) | 8.9 Jan 2024 | monthly | Jun 1993 - Jan 2024 |
European Union (%) | -0.9 Jan 2024 | monthly | Sep 1998 - Jan 2024 |
Finland (%) | -3.8 Jan 2024 | monthly | Jan 2000 - Jan 2024 |
France (%) | 1.6 Jan 2024 | monthly | Jan 2000 - Jan 2024 |
Georgia (%) | 20.1 Mar 2024 | monthly | Oct 1996 - Mar 2024 |
Germany (%) | -1.3 Jan 2024 | monthly | Jan 2000 - Jan 2024 |
Ghana (%) | -0.4 Dec 2023 | monthly | Jan 1968 - Dec 2023 |
Greece (%) | 2.6 Jan 2024 | monthly | Jan 2002 - Jan 2024 |
Hong Kong SAR, China (%) | -1.5 Jan 2024 | monthly | Dec 1991 - Jan 2024 |
Hungary (%) | -0.7 Mar 2024 | monthly | Jan 1999 - Mar 2024 |
Iceland (%) | 4.6 Mar 2024 | monthly | Sep 1994 - Mar 2024 |
India (%) | 11.8 Feb 2024 | monthly | Mar 2000 - Feb 2024 |
Indonesia (%) | 11.2 Mar 2024 | monthly | Jan 2005 - Mar 2024 |
Iran (%) | 25.8 Feb 2017 | monthly | Jan 1965 - Feb 2017 |
Ireland (%) | -1.8 Jan 2024 | monthly | Jan 2000 - Jan 2024 |
Israel (%) | 7.5 Feb 2024 | monthly | Dec 2000 - Feb 2024 |
Italy (%) | -4.3 Jan 2024 | monthly | Jan 2000 - Jan 2024 |
Ivory Coast (%) | 12.5 Dec 2023 | monthly | Jan 1965 - Dec 2023 |
Japan (%) | 4.2 Feb 2024 | monthly | Apr 2004 - Feb 2024 |
Jordan (%) | 4.8 Nov 2023 | monthly | Jan 2003 - Nov 2023 |
Kazakhstan (%) | 22.2 Mar 2024 | monthly | Dec 2002 - Mar 2024 |
Kenya (%) | 11.0 Feb 2024 | monthly | Dec 1996 - Feb 2024 |
South Korea (%) | 6.4 Mar 2024 | monthly | Dec 2002 - Mar 2024 |
Kosovo (%) | 14.4 Mar 2024 | monthly | Nov 2008 - Mar 2024 |
Kuwait (%) | -0.4 Mar 2024 | monthly | Jan 1995 - Mar 2024 |
Kyrgyzstan (%) | 23.0 Mar 2024 | monthly | Dec 2003 - Mar 2024 |
Laos (%) | 23.4 Dec 2023 | quarterly | Dec 1992 - Dec 2023 |
Latvia (%) | 6.6 Jan 2024 | monthly | Jul 2004 - Jan 2024 |
Lebanon (%) | 2.2 Jan 2018 | monthly | Mar 1966 - Jan 2018 |
Lithuania (%) | 0.3 Jan 2024 | monthly | Dec 1994 - Jan 2024 |
Luxembourg (%) | -7.2 Jan 2024 | monthly | Jan 2000 - Jan 2024 |
Macau SAR, China (%) | 0.8 Feb 2024 | monthly | Jun 1985 - Feb 2024 |
North Macedonia (%) | 13.8 Mar 2024 | monthly | Jan 2004 - Mar 2024 |
Malawi (%) | 32.4 Jan 2024 | monthly | Jan 1976 - Jan 2024 |
Malaysia (%) | 6.7 Mar 2024 | monthly | Jan 1988 - Mar 2024 |
Malta (%) | 6.1 Mar 2024 | monthly | Jan 2009 - Mar 2024 |
Mauritius (%) | 9.9 Mar 2024 | monthly | Jun 2006 - Mar 2024 |
Mexico (%) | 12.5 Feb 2024 | monthly | Dec 2002 - Feb 2024 |
Moldova (%) | 8.1 Feb 2024 | monthly | Jan 2001 - Feb 2024 |
Mongolia (%) | 12.4 Mar 2024 | monthly | Dec 1993 - Mar 2024 |
Montenegro (%) | -6.3 Mar 2024 | monthly | Jan 2006 - Mar 2024 |
Morocco (%) | 4.9 Mar 2024 | monthly | Dec 2002 - Mar 2024 |
Mozambique (%) | 4.6 Mar 2024 | monthly | Dec 2002 - Mar 2024 |
Myanmar (%) | 16.4 Jan 2021 | monthly | Dec 2002 - Jan 2021 |
Nepal (%) | 8.4 Mar 2024 | monthly | Jan 2002 - Mar 2024 |
Netherlands (%) | -3.2 Jan 2024 | monthly | Dec 2002 - Jan 2024 |
New Zealand (%) | 1.7 Mar 2024 | monthly | Mar 1989 - Mar 2024 |
Nigeria (%) | 28.7 Mar 2024 | monthly | Nov 1993 - Mar 2024 |
Norway (%) | 3.3 Mar 2024 | monthly | Dec 1986 - Mar 2024 |
Oman (%) | 4.9 Feb 2024 | monthly | Dec 2000 - Feb 2024 |
Pakistan (%) | 20.1 Mar 2024 | monthly | Jun 2009 - Mar 2024 |
Palestinian Territory (%) | 5.2 Mar 2024 | monthly | Dec 1999 - Mar 2024 |
Panama (%) | 5.0 Mar 2024 | monthly | Dec 2002 - Mar 2024 |
Paraguay (%) | 8.4 Feb 2024 | monthly | Dec 2002 - Feb 2024 |
Peru (%) | 10.4 Mar 2024 | monthly | Jan 1993 - Mar 2024 |
Philippines (%) | 9.8 Jan 2024 | monthly | Dec 2002 - Jan 2024 |
Poland (%) | 0.9 Mar 2024 | monthly | Dec 1997 - Mar 2024 |
Portugal (%) | 0.3 Aug 2019 | monthly | Dec 2001 - Aug 2019 |
Qatar (%) | 3.7 Mar 2024 | monthly | Jan 2008 - Mar 2024 |
Romania (%) | 11.5 Feb 2024 | monthly | Dec 2005 - Feb 2024 |
Russia (%) | 25.2 Mar 2024 | monthly | Dec 2001 - Mar 2024 |
Saudi Arabia (%) | 21.6 Dec 2017 | quarterly | Mar 1969 - Dec 2017 |
Serbia (%) | 0.7 Mar 2024 | monthly | Dec 2004 - Mar 2024 |
Singapore (%) | -0.9 Mar 2024 | monthly | Mar 2005 - Mar 2024 |
Slovakia (%) | 2.3 Jan 2024 | monthly | Jan 2007 - Jan 2024 |
Slovenia (%) | -2.2 Jan 2024 | monthly | Jan 2005 - Jan 2024 |
South Africa (%) | 7.0 Mar 2024 | monthly | Mar 1966 - Mar 2024 |
Spain (%) | -4.2 Jan 2024 | monthly | Jan 2000 - Jan 2024 |
Sri Lanka (%) | -97.5 Dec 2023 | monthly | Jan 1997 - Dec 2023 |
Sudan (%) | 82.5 Dec 2022 | quarterly | Mar 2003 - Dec 2022 |
Sweden (%) | -4.5 Jan 2024 | monthly | Dec 2002 - Jan 2024 |
Switzerland (%) | 2.0 Mar 2024 | monthly | Dec 1988 - Mar 2024 |
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Government and Public Finance | Last | Frequency | Range |
---|---|---|---|
Consolidated Fiscal Balance: % of GDP (%) | 11.7 2022 | yearly | 1988 - 2022 |
Consolidated Fiscal Balance (USD mn) | 20,955.438 2022 | yearly | 1988 - 2022 |
Tax Revenue (USD mn) | 128.142 Dec 2015 | monthly | Sep 2003 - Dec 2015 |
Tax Revenue: % of GDP (%) | 1.0 2022 | yearly | 1986 - 2022 |
National Government Debt (USD mn) | 683.1 Mar 2024 | monthly | Dec 1993 - Mar 2024 |
Government Debt: % of GDP (%) | 0.4 Sep 2023 | quarterly | Dec 2010 - Sep 2023 |
Forecast: Government Expenditure (KWD bn) | 28.396 2028 | yearly | 1985 - 2028 |
Forecast: Government Net Debt (KWD bn) | 14.118 2029 | yearly | 1991 - 2029 |
Forecast: Government Revenue (KWD bn) | 42.514 2029 | yearly | 1985 - 2029 |
Government Fiscal Balance: ytd (KWD mn) | -1,092.520 Jan 2024 | monthly | Apr 2018 - Jan 2024 |
Government Revenue: ytd: Non Oil: Tax and Fees (KWD mn) | 347.935 Jan 2024 | monthly | Apr 2018 - Jan 2024 |
Government Expenditure: ytd: Purchases of Non Financial Assets (KWD mn) | 821.421 Jan 2024 | monthly | Apr 2018 - Jan 2024 |
Government Revenue: ytd: Non Oil (KWD mn) | 1,452.022 Jan 2024 | monthly | Apr 2018 - Jan 2024 |
Government Revenue: ytd (KWD mn) | 17,803.518 Jan 2024 | monthly | Apr 2018 - Jan 2024 |
Government Expenditure: ytd: Current (KWD mn) | 18,074.618 Jan 2024 | monthly | Apr 2018 - Jan 2024 |
Government Expenditure: ytd (KWD mn) | 18,896.039 Jan 2024 | monthly | Apr 2018 - Jan 2024 |
Government Expenditure: Current (KWD mn) | 12,125.900 2016 | yearly | 1989 - 2016 |
Government Expenditure: Capital (KWD mn) | 226.000 2016 | yearly | 1989 - 2016 |
Government Expenditure (KWD mn) | 18,245.900 2016 | yearly | 1989 - 2016 |
Government Revenue (KWD mn) | 13,633.900 2016 | yearly | 1987 - 2016 |
Government Revenue: Tax (KWD mn) | 486.000 2016 | yearly | 1987 - 2016 |
Public Debt (KWD mn) | 210.000 Mar 2024 | monthly | Dec 1993 - Mar 2024 |
Foreign Trade | Last | Frequency | Range |
---|---|---|---|
Forecast: Exports of Goods Growth (%) | 2.994 2028 | yearly | 1980 - 2028 |
Trade Balance (USD mn) | 3,739.7 Jan 2024 | monthly | Jan 1993 - Jan 2024 |
Total Exports (USD mn) | 6,796.2 Jan 2024 | monthly | Jan 1993 - Jan 2024 |
Total Exports Growth (%) | -8.8 Jan 2024 | monthly | Jan 1994 - Jan 2024 |
Aluminum: Exports (USD th) | 152,297.350 2022 | yearly | 1995 - 2022 |
Exports: Medicament (USD th) | 529,113.260 2022 | yearly | 1995 - 2022 |
Exports: Medicinal and Pharmaceutical Product (USD th) | 17,111.420 2022 | yearly | 1995 - 2022 |
Total Imports (USD mn) | 3,056.5 Jan 2024 | monthly | Jan 1992 - Jan 2024 |
Total Imports Growth (%) | -7.5 Jan 2024 | monthly | Jan 1993 - Jan 2024 |
Imports: Medicament (USD th) | 1,144,894.403 2022 | yearly | 1995 - 2022 |
Imports: Medicinal and Pharmaceutical Product (USD th) | 442,329.808 2022 | yearly | 1995 - 2022 |
Total Exports to USA (USD mn) | 3.989 Jan 2024 | monthly | Sep 1991 - Jan 2024 |
Total Imports from USA (USD mn) | 252.311 Jan 2024 | monthly | Jan 2017 - Jan 2024 |
Total Exports to China (USD mn) | 52.734 Jan 2024 | monthly | Jan 2017 - Jan 2024 |
Total Imports from China (USD mn) | 661.137 Jan 2024 | monthly | Jan 2017 - Jan 2024 |
Trade Balance: Quarterly (KWD mn) | 2,789.603 Dec 2018 | quarterly | Mar 1973 - Dec 2018 |
Exports: SITC: Other Manufactured Articles (KWD mn) | 36.800 Sep 2018 | quarterly | Sep 2014 - Sep 2018 |
Exports: SITC: Food and Live Animals (KWD mn) | 39.900 Sep 2018 | quarterly | Sep 2014 - Sep 2018 |
Balance of Payments | Last | Frequency | Range |
---|---|---|---|
Direct Investment Abroad (USD mn) | 4,557.2 Sep 2023 | quarterly | Mar 2012 - Sep 2023 |
Current Account Balance (USD mn) | 15,358.8 Sep 2023 | quarterly | Mar 2012 - Sep 2023 |
Current Account Balance: % of GDP (%) | 37.2 Sep 2023 | quarterly | Mar 2012 - Sep 2023 |
Foreign Direct Investment (USD mn) | 196.3 Sep 2023 | quarterly | Mar 2012 - Sep 2023 |
Foreign Direct Investment: % of GDP (%) | 0.5 Sep 2023 | quarterly | Mar 2012 - Sep 2023 |
Foreign Portfolio Investment (USD mn) | -224.952 Sep 2023 | quarterly | Mar 2012 - Sep 2023 |
Foreign Portfolio Investment: % of GDP (%) | -0.5 Sep 2023 | quarterly | Mar 2012 - Sep 2023 |
Foreign Portfolio Investment: Equity Securities (USD mn) | -99.8 Jun 2023 | quarterly | Mar 2012 - Jun 2023 |
Foreign Portfolio Investment: Debt Securities (USD mn) | -28.282 Sep 2023 | quarterly | Mar 2012 - Sep 2023 |
External Debt (USD mn) | 59,638.5 Sep 2023 | quarterly | Mar 2018 - Sep 2023 |
External Debt: % of GDP (%) | 35.3 2022 | yearly | 2014 - 2022 |
Forecast: Current Account Balance (USD bn) | 31.307 2029 | yearly | 1980 - 2029 |
Net International Investment Position (USD mn) | 105,184.786 2022 | yearly | 2001 - 2022 |
BoP: FA: Other Investments (OT) (KWD mn) | -1,407.000 Sep 2018 | quarterly | Mar 2012 - Sep 2018 |
BoP: CA: Primary Income: Debit (KWD mn) | 0.000 Sep 2018 | quarterly | Mar 2012 - Sep 2018 |
BoP: CA: Debit (KWD mn) | 0.000 Sep 2018 | quarterly | Mar 2012 - Sep 2018 |
BoP: CA: Secondary Income: Credit (KWD mn) | 0.000 Sep 2018 | quarterly | Mar 2012 - Sep 2018 |
BoP: Capital Account: Debit (KWD mn) | 5.000 Sep 2018 | quarterly | Mar 2012 - Sep 2018 |
BoP: FA: Portfolio Investment: Liabilities (KWD mn) | 10.000 Sep 2018 | quarterly | Mar 2012 - Sep 2018 |
BoP: FA: Portfolio Investment: Assets (KWD mn) | -1,260.000 Sep 2018 | quarterly | Mar 2012 - Sep 2018 |
BoP: FA: OT: Liabilities (KWD mn) | 1,389.000 Sep 2018 | quarterly | Mar 2012 - Sep 2018 |
BoP: Net Errors and Omissions (KWD mn) | 493.000 Sep 2018 | quarterly | Mar 2012 - Sep 2018 |
BoP: FA: Financial Derivatives: Liabilities (KWD mn) | 40.000 Sep 2018 | quarterly | Mar 2012 - Sep 2018 |
BoP: FA: Financial Derivatives: Assets (KWD mn) | -36.000 Sep 2018 | quarterly | Mar 2012 - Sep 2018 |
BoP: FA: Portfolio Investment: Liabilities: Debt Instruments (KWD mn) | 0.000 Sep 2018 | quarterly | Mar 2012 - Sep 2018 |
BoP: FA: OT: Assets (KWD mn) | -2,795.000 Sep 2018 | quarterly | Mar 2012 - Sep 2018 |
BoP: FA: Reserve Assets: Central Bank of Kuwait (CBK) (KWD mn) | 448.000 Sep 2018 | quarterly | Mar 2012 - Sep 2018 |
Number of Investment Companies (Unit) | 41.000 Dec 2022 | monthly | Mar 2005 - Dec 2022 |
Monetary | Last | Frequency | Range |
---|---|---|---|
Non Performing Loans Ratio (%) | 1.4 Dec 2023 | quarterly | Mar 2011 - Dec 2023 |
Household Debt: % of GDP (%) | 0.7 Sep 2023 | quarterly | Dec 2010 - Sep 2023 |
Money Supply M1 (USD mn) | 36,160.703 Mar 2024 | monthly | Jan 1994 - Mar 2024 |
Money Supply M2 (USD mn) | 129,771.308 Mar 2024 | monthly | Jan 1994 - Mar 2024 |
M2 Growth (%) | 1.2 Mar 2024 | monthly | Jan 1995 - Mar 2024 |
Foreign Exchange Reserves (USD mn) | 41,142.5 Jan 2024 | monthly | Jan 1964 - Jan 2024 |
Foreign Exchange Reserves: % of GDP (%) | 25.497 Sep 2023 | quarterly | Dec 2010 - Sep 2023 |
Foreign Exchange Reserves: Months of Import (NA) | 13.6 Dec 2023 | quarterly | Mar 1973 - Dec 2023 |
Gold Reserves (USD mn) | 103.123 Mar 2024 | monthly | Dec 1961 - Mar 2024 |
Total Deposits (USD mn) | 161,418.673 Mar 2024 | monthly | Jan 1994 - Mar 2024 |
Total Deposits Growth (%) | 4.3 Mar 2024 | monthly | Jan 1995 - Mar 2024 |
Domestic Credit (USD mn) | 129,085.2 Mar 2024 | monthly | Jan 1994 - Mar 2024 |
Domestic Credit Growth (%) | -0.4 Mar 2024 | monthly | Jan 1995 - Mar 2024 |
Household Debt (USD mn) | 1,258.0 Mar 2024 | monthly | Jan 2002 - Mar 2024 |
Total Loans (USD mn) | 177,363.370 Mar 2024 | monthly | Jan 1994 - Mar 2024 |
Total Loans Growth (%) | 4.06 Mar 2024 | monthly | Jan 1995 - Mar 2024 |
Private Debt: % of Nominal GDP (%) | 100.05 Sep 2023 | quarterly | Dec 2010 - Sep 2023 |
Money Supply: M3: M2: M1: Currency in Circulation (KWD mn) | 1,723.100 Mar 2024 | monthly | Jan 1994 - Mar 2024 |
Monetary Survey: CBK and Local Banks: Money Supply M2: M1 (KWD mn) | 10,600.200 Feb 2024 | monthly | Jan 1994 - Feb 2024 |
Money Supply: M3 (KWD mn) | 39,891.700 Mar 2024 | monthly | Jan 1994 - Mar 2024 |
Monetary Survey: CBK and Local Banks: Money Supply M2 (KWD mn) | 39,274.500 Feb 2024 | monthly | Jan 1994 - Feb 2024 |
Local Banks Time Deposits (KWD mn) | 63,968.900 Mar 2024 | monthly | Jan 1994 - Mar 2024 |
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