ArabianBusiness.com - Middle East Business News
Sunday, 08 November 2009 06:29 UAE time

YOUR DIRECTORY /

| Share |

Kuwaiti families spend 75% of monthly income

by This email address is being protected from spam bots, you need Javascript enabled to view it  on Wednesday, 06 May 2009
DINAR DECISION: A new survey has revealed the spending habits of families living in Kuwait. (Getty Images)

The average Kuwaiti family spends nearly three quarters of its monthly income, according to new statistics.

The figures released by the country's Central Statistics Administration (CSA) also reveals that the average monthly income for a local family tops KD2,200 ($7,565).

Of this, KD1,600 is spent and just KD600 is saved each month, according to the figures published by KUNA News Agency.

Story continues below
advertisement

The statistics are the result of a survey of 768 Kuwaiti families, concluded over a period of six months, from Oct 2007 to March 2008.

The average expenditure and savings of a Kuwaiti family have been found to rate high when compared with a similar family in other GCC states, noted CSA, which attributed that high rate to increases in total family income and the disparate benefits that family gets from government subsidies of basic daily needs including food, health, education, housing, electric power and water.

By contrast the average monthly expenditure of an expat family in Kuwait was about KD731 and its savings were KD99.

Based on the information, the total expenditure of Kuwaiti and expat families in 2008 came to KD4.5 billion.

For Kuwaiti families, the most money spent in a month was on food and tobacco products (18.5 percent), followed by jewellery and electronic goods (13.1 percent), furniture (14.5 percent), clothing (11 percent), entertainment (9.1 percent), and transportation (8.8 percent).

| Share |


READERS' COMMENTS

Disclaimer: The views expressed here by our readers are not necessarily shared by ArabianBusiness.com or its employees.
This survey is unbelievable.
Posted by ahmed, Kuwait, Kuwait on Sunday 10 May 2009 at 16:02 UAE time


I’m a Kuwaiti and work in the private sector and have a hard time believing this survey. KD 2,200 for a combined income seems very high and can hardly be the average. I think there is another agenda for this report to show that average Kuwaiti families are well off compared to their Gulf neighbors.
Intent?
Posted by Kevin on Thursday 7 May 2009 at 10:59 UAE time


What was the intent of the survey?
I live in Kuwait and they (Kuwaitis) live lavishly, and for that life style there is a price.
They are spending out of their own free will.

Click here to post a comment


Add your Comment
All posts are sent to the administrator for review and are published only after approval. ArabianBusiness.com reserves the right to remove any comment at any time for any reason. Please keep your responses appropriate and on topic.
Name *
Remember me on this computer
Email *
(Your email address will not be published)
City
Country
Subject *
Comment *
Notify me of further comments


Please click post only once - your comment will not be published immediately.


MORE FROM ARABIANBUSINESS.COM

SHARE PRICE CHECK

 EMAIL ALERTS

  1. Central Statistics Administration

  2. Personal Finance


Tell us your story

MOST POPULAR PERSONAL FINANCE STORIES

ArabianBusiness.com Most Read

  1. UBS sees UAE's rich list growing by 11% in 2010

READER COMMENTS

  1. The tipping scandal 09
    07 Nov ' 09 at 19:00
    Good establishments want a consistently good standard of service and discourage direct customer tipsotherwise some customers paying...   More  »
  2. Abu Dhabi to ban all plastic bags in shops by mid-2010 04
    07 Nov ' 09 at 16:32
    If banning plastic bags is made into law, this would be an outstanding accomplishment. Way to Go, Abu Dhabi...Garbage should be...   More  »
  3. UAE to be among top tourist hubs in 5 years - survey 02
    07 Nov ' 09 at 15:26
    based on a survey of 3000 people from 9 countries. would be interesting if AB told us the nationality (and/or which part of the world)...   More  »

Read all user comments >

Gitex 2009

MORE FROM ARABIANBUSINESS.COM