{"id":252107,"date":"2019-07-15T12:21:27","date_gmt":"2019-07-15T15:21:27","guid":{"rendered":"https:\/\/anba.com.br\/?p=252107"},"modified":"2019-07-15T13:56:16","modified_gmt":"2019-07-15T16:56:16","slug":"kuwaits-economy-saw-2-6-growth","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/kuwaits-economy-saw-2-6-growth\/","title":{"rendered":"Kuwait\u2019s economy saw 2.6% growth"},"content":{"rendered":"<p>S\u00e3o Paulo \u2013 Kuwait\u2019s economy grew by 2.6% year-on-year in Q1, the <a href=\"https:\/\/www.csb.gov.kw\/Default_EN\" target=\"_blank\" rel=\"noopener noreferrer\">Kuwait Central Statistics Bureau (KCSB)<\/a> reported. The number concerns real Gross Domestic Product (GDP), discounted for inflation. Q1 from Q4 2018, GDP slid by 1.9%.<\/p>\n<p>Q1 GDP was KWD 10.04 billion, or USD 32.9 billion at current exchange rates. Oil industry revenues made up 53% of that amount, about KWD 5.3 billion, or USD 17.4 billion, according to a KCSB report.<\/p>\n<p>Despite that fact, oil industry revenues slid 1.2% year-on-year in Q1, since global prices went down. Kuwait\u2019s non-oil GDP widened by 4.1%.<\/p>\n<p>The manufacturing industry accounted for 6.3% of GDP, including petroleum coke and refining. Wholesale and retail made up 3.4%, financial intermediation comprised 9.3% and services answered to 17.7% of GDP. Public administration and defense made up 10% of Kuwait\u2019s economy in Q1.<\/p>\n<p>Services, the second biggest sector, include from education and healthcare to restaurants, hotels and real estate deals. Public administration garnered the third most revenue.<\/p>\n<p>Kuwait\u2019s nominal GDP was up 2.1% year-on-year in Q1, and down 5.7% in Q1 from Q4.<\/p>\n<p><strong>Translated by Gabriel Pomerancblum<\/strong><\/p>\n<div class=\"credits-overlay\" data-target=\".wp-image-252099\">Yasser Al-Zayyat\/AFP<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Arab country\u2019s Gross Domestic Product (GDP) widened year-on-year in Q1. The oil industry accounts for over half of the economy.<\/p>\n","protected":false},"author":2316,"featured_media":252099,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[91],"tags":[37751,9756,9600,9901],"class_list":{"0":"post-252107","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-economia-do-kuwait-en","9":"tag-gdp-en","10":"tag-kuwait-en-2","11":"tag-kuwait-central-statistics-bureau-kcsb"},"wps_subtitle":"The Arab country\u2019s Gross Domestic Product (GDP) widened year-on-year in Q1. The oil industry accounts for over half of the economy.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/252107","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2316"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=252107"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/252107\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media\/252099"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=252107"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=252107"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=252107"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}