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 January 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 2649.20 1620.70 KWD Million Jun/21
Current Account 1599.00 3648.00 KWD Million Mar/21
Current Account to GDP 0.80 16.40 percent of GDP Dec/20
Imports 2322.00 2471.00 KWD Million Jun/21
Exports 4971.20 4091.70 KWD Million Jun/21
Capital Flows -5562.00 -7469.00 KWD Million Dec/20
Remittances 1368.00 1476.00 KWD Million Mar/21
Foreign Direct Investment 3.10 -137.90 KWD Million Mar/21
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.