Remittances in Kuwait increased to 1404 KWD Million in the third quarter of 2020 from 1057 KWD Million in the second quarter of 2020. source: Central Bank of Kuwait

Remittances in Kuwait averaged 1145.34 KWD Million from 2012 until 2020, reaching an all time high of 1404 KWD Million in the third quarter of 2020 and a record low of 943 KWD Million in the third quarter of 2017. This page provides - Kuwait Remittances - actual values, historical data, forecast, chart, statistics, economic calendar and news. Kuwait Remittances - values, historical data and charts - was last updated on May of 2021.

Remittances in Kuwait is expected to be 1122.39 KWD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Remittances in Kuwait to stand at 1124.10 in 12 months time. In the long-term, the Kuwait Remittances is projected to trend around 1120.67 KWD Million in 2022 and 1120.02 KWD Million in 2023, according to our econometric models.

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Kuwait Remittances

Actual Previous Highest Lowest Dates Unit Frequency
1404.00 1057.00 1404.00 943.00 2012 - 2020 KWD Million Quarterly
NSA

Kuwait Trade Last Previous Highest Lowest Unit
Balance of Trade 1093.79 90.06 7065.90 25.30 KWD Million [+]
Current Account 2475.00 4154.00 18142.00 -908.00 KWD Million [+]
Current Account to GDP 0.80 16.40 54.57 -242.19 percent [+]
Imports 2037.60 1888.60 2807.00 440.00 KWD Million [+]
Exports 3131.43 1978.70 8855.40 647.50 KWD Million [+]
Capital Flows -7469.00 -7389.00 21172.00 -22337.00 KWD Million [+]
Remittances 1404.00 1057.00 1404.00 943.00 KWD Million [+]
Tourist Arrivals 8565.00 8508.00 8599.00 3899.00 Thousand [+]
Gold Reserves 78.97 104.51 104.51 13.00 Tonnes [+]
Crude Oil Production 2327.00 2329.00 3768.00 0.00 BBL/D/1K [+]
Foreign Direct Investment -116.00 2.00 721.00 -116.00 KWD Million [+]
Terrorism Index 1.80 2.49 4.45 0.00 [+]
Tourism Revenues 1176.00 919.00 1176.00 286.00 USD Million [+]


Kuwait Remittances
In Kuwait, Remittances refers to inflows of migrants’ and short-term employee income transfers (personal remittances).