Mubasher: Revenues from the tourism sector in Kuwait jumped up by 69% year-on-year (YoY) during the first nine months of 2019.
The tourism revenues amounted to around KWD 152.1 million ($503.21 million) in the first nine months of 2019, compared to KWD 90 million ($297.76 million) in the corresponding period last year, according to data collected by Mubasher citing the Central Bank of Kuwait (CBK).
Meanwhile, during the first quarter of 2019, Kuwait’s revenue from tourism grew by 62.35% YoY to KWD 55.2 million.
During the second quarter of 2019, the revenues surged by 77.33% YoY to KWD 53.2 million, while over the third quarter, the revenues increased by 68.08% to KWD 43.7 million.
As for the spending by Kuwaitis on foreign tourism in the first nine months, it increased by 21.34% to KWD 4 billion from KWD 3.30 billion in the same period in 2018.
Total population in Kuwait in July 2019 reached 4.82 million, including 3.40 million expatriates and 1.42 Kuwaiti citizens, as released by the Civil Service Commission (CSC).
