Kuwait - Balance of payments
Kuwait enjoys a highly favorable payments position because of its huge trade surpluses. The Kuwaiti dinar is completely covered by the country's reserve fund, 50% of which must be in gold.
The US Central Intelligence Agency (CIA) reports that in 2001 the purchasing power parity of Kuwait's exports was $16.2 billion while imports totaled $7.4 billion resulting in a trade surplus of $8.8 billion.
The International Monetary Fund (IMF) reports that in 2001 Kuwait had exports of goods totaling $16.2 billion and imports totaling $6.93 billion. The services credit totaled $1.79 billion and debit $5.34 billion. The following table summarizes Kuwait's balance of payments as reported by the IMF for 2001 in millions of US dollars.
|Balance on goods||9,238|
|Balance on services||-3,551|
|Balance on income||4,956|
|Direct investment abroad||-323|
|Direct investment in Kuwait||-39|
|Portfolio investment assets||-7,372|
|Portfolio investment liabilities||-78|
|Other investment assets||430|
|Other investment liabilities||1,347|
|Net Errors and Omissions||-2,553|
|Reserves and Related Items||-2,905|