VOL. XLII

No 49

6-December-1999

KUWAIT

Kuwait痴 GDP Fell By 16.3% In 1998

Provisional figures released by the Central Bank of Kuwait(CBK) for the year 1998 reveal that the country痴 GDP at current prices fell by16.3% from KD9,163.3mn ($30,122.6mn) to KD7,671.2mn ($25,217.6mn) in 1997 (seetable below). According to the CBK, the decline can be attributed largely tothe 88% decline in the value added by the crude oil and natural gas productionsector, which fell from KD3,683.8mn ($12,109.8mn) in 1997 to...