Kuwait Domestic Credit Growth

1995 - 2024 | Monthly | % | CEIC Data

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:

Kuwait Domestic Credit Growth

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

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Includes Domestic Credit Growth on 116 economies standardised by CEIC. Instant access to full history data in excel.
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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Kuwait Key Series

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Includes 184 key indicators for Kuwait, curated by CEIC analysts. Instant access to full history data in excel.
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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