Thursday 29, May 2008 by
Kuwait trade surplus up by nearly 30 per cent thanks to sky rocketing oil prices says GIH
The latest report by Global Investment House (GIH) on Kuwait’s external trade said that Kuwait’s trade surplus continued to grow for the fifth year in row up to the end of 2007. On a compound annual growth rate (CAGR) basis, the trade surplus grew rapidly by 29.7 per cent over the period from 2001 to 2007. GIH said the growth was supported by increasing exports over the year, which surpassed the growth in imports reporting a CAGR of 23.6 per cent and 14.8 per cent respectively.
