Kuwait current account surplus up 20pc
Kuwait, May 9, 2013
Kuwait's current account surplus widened nearly 20 per cent to KD22.2 billion ($77.8 billion) in 2012 compared with the previous year, central bank data showed.
The 2012 surplus soared to nearly 50 per cent of the Opec member's 2011 gross domestic product, from 42 per cent in 2011, according to Reuters calculations based on the latest official data.
Analysts polled by Reuters in January had estimated Kuwait's current account surplus at 44.9 per cent of GDP in 2012. Another quarterly survey last month showed analysts forecasting the 2013 surplus would shrink to 39.1 per cent.-Reuters