Kuwaitis And Expats Spending On Travel Increases

Category: Business

According to Al-Rai daily, expenditures on travel by citizens and expatriates increased by 7.98% compared to the second quarter of 2021, after declining by 16.62% from 590.8 to 492.6 million dinars in the second quarter compared to the first quarter.

As well as the revised data for the second quarter of 2021, the preliminary balance of payments report, In a report released on Monday by the Central Bank of Kuwait, it shows that spending on travel increased 15.96 percent over the second quarter of this year, which was 458.7 million dinars, following a record jump in travelling spending of 506.6 percent in the second quarter of last year, which was only 81.2 million dinars..

SOURCE ARABTIMES

17 Feb, 2022 276