Kuwait – Mubasher: The Central Bank of Kuwait said Wednesday that the country's non-oil gross domestic product (GDP) rose by 3% in 2015, while Oil GDP saw a 46.2% slide, according to a press release.

Accordingly, the GDP at current prices for 2015 declined 25.9% to KWD 34,314.6 million as compared to the year-ago figure.

Public budget recorded an actual surplus of KD 3,510.5 million during FY2014/2015, lower 72.8% 4 compared to the previous fiscal year, before the deduction of allocations for the Reserve Fund for Future Generations (RFFG).

Money Supply in its Broad Definition (M2) and the resident private sector deposits with local banks saw a slower pace of growth of 1.2% and, 1.3% respectively by the end of 2015.

The aggregate balance sheet of local banks amounted to KWD 58,595.1 million by the end of 2015, higher 5.7% year-on-year from KWD 55452.3 million.

On the other hand, the aggregate balance sheet of local investment companies fell 6.1% year-over-year to KWD 9,827.5 million from KWD 10465.3 million.

The General Consumer Price Index (inflation) stood at 3.3% during 2015 against 2.9% a year earlier.