bottom price small soybean oil production line in kuwait

   
bottom price small soybean oil production line in kuwait
                                               
                                               
                                               
                                               
  • bottom price small soybean oil production line in kuwait
Is oil a boon for Kuwait's public finances?

The gains in oil prices and production have been a boon for Kuwait¡¯s public finances: by December, the nine-month fiscal deficit had narrowed to 2.1% of pro-rated GDP, significantly down on the previous year.

How did Kuwait's economy perform in the last quarter of 2021?

Kuwait¡¯s economy continued its recovery in the final quarter of 2021. This was primarily driven by robust consumer spending and steadily ramping-up oil production amid markedly higher oil prices.

How did oil prices affect Kuwait's economy?

Higher oil prices have improved the public finances, helping the 9-month fiscal deficit narrow to KD0.7 billion (2.1% of GDP). Kuwaitis employed in government rose 5.4% y/y to 308.2k in 3Q21; private sector employment shrank 2.5% y/y to 52.8k.

How did Kuwait's crude production perform in 4q21?

Kuwait¡¯s crude production rose steadily in 4Q21 at the monthly rate of about 27 kb/d to average 2.5 mb/d in December, and in line with Kuwait¡¯s OPEC+ quota. (Chart 3.)