Kuwait recorded a Current Account surplus of 0.80 percent of the country's Gross Domestic Product in 2020. source: Central Bank of Kuwait

Current Account to GDP in Kuwait averaged 18.64 percent from 1980 until 2020, reaching an all time high of 54.57 percent in 1981 and a record low of -242.19 percent in 1991. This page provides - Kuwait Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Kuwait Current Account to GDP - values, historical data and charts - was last updated on June of 2022.

Current Account to GDP in Kuwait is expected to reach -7.50 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Kuwait Current Account to GDP is projected to trend around -3.50 percent of GDP in 2022, according to our econometric models.

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Kuwait Current Account to GDP



Related Last Previous Unit Reference
Balance of Trade 3510.00 1647.00 KWD Million Dec 2021
Current Account 1599.00 3648.00 KWD Million Mar 2021
Current Account to GDP 0.80 16.40 percent of GDP Dec 2020
Imports 2550.00 2270.00 KWD Million Dec 2021
Exports 6060.00 3921.00 KWD Million Dec 2021
Capital Flows -5562.00 -7469.00 KWD Million Dec 2020
Remittances 1376.00 1400.00 KWD Million Sep 2021
Foreign Direct Investment 3.10 -137.90 KWD Million Mar 2021

Kuwait Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.
Actual Previous Highest Lowest Dates Unit Frequency
0.80 16.40 54.57 -242.19 1980 - 2020 percent of GDP Yearly