Travel Spending By Kuwaitis Decreased By 57 Percent

Kuwaitis spending on travel dropped by 57.5% during 2020 with the complete closures of many countries of the world to prevent the spread of the Coronavirus pandemic.

According to the preliminary data of the balance of payments issued by the Central Bank of Kuwait, In 2020 Kuwaitis spent about KD 2.04 billion compared to an expenditure of KD 4.8 billion in 2019, Al Anba daily reported.

Note that the spending of Kuwaitis on travel witnessed a significant improvement during the third and fourth quarters of last year compared to the second quarter, which witnessed a sharp decline in conjunction with the start of the pandemic and the closure of Kuwait International Airport.

Based on the modified data for Travel spending about Kuwaitis spent KD 1.19 billion in the first quarter, to witness a decrease to 81.2 million dinars in the second quarter, then it reached KD 458.8 million in the third quarter, then KD 314.6 million in the fourth quarter of last year, with the start of easing travel restrictions.

It is noteworthy that spending on travel, according to the Central statistics, is not limited to tourism and work trips for citizens, but also includes treatment abroad, abroad studies, and others.

 

SOURCE   :   TIMES KUWAIT

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