Financial and Banking News


Kuwaiti GDP Stagnates, Current Account Improves in 1984 

Figures recently released by the Central Bank of Kuwait indicate that the country's Gross Domestic Product (GDP) at current prices remained virtually unchanged during 1984 after growing by 7% in 1983. The GDP at the end of 1984 was KD6,424.8mn ($21.4bn), an increase of KD9.5mn (0.15%) over 1983's level. The oil sector's contribution to GDP was 45.2% in 1984, compared...