Kuwait Current Account to GDP

Kuwait recorded a Current Account surplus of 12.70 percent of the country's Gross Domestic Product in 2018. Current Account to GDP in Kuwait averaged 19.06 percent from 1980 until 2018, reaching an all time high of 54.57 percent in 1981 and a record low of -242.19 percent in 1991.

Current Account to GDP in Kuwait is expected to be 10.80 percent by the end of this quarter, 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 7.50 percent in 2020, according to our econometric models.

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Kuwait Trade	Last	Previous	Highest	Lowest	Unit
Balance of Trade	2383.70	2789.60	7065.90	25.30	KWD Million	[+]
Current Account	1998.00	1831.00	18142.00	-908.00	KWD Million	[+]
Current Account to GDP	12.70	5.90	54.57	-242.19	percent	[+]
Imports	2561.80	2621.70	2807.00	440.00	KWD Million	[+]
Exports	4945.50	5411.30	8855.40	647.50	KWD Million	[+]
Capital Flows	-7389.00	5158.00	21172.00	-22337.00	KWD Million	[+]
Remittances	948.00	1034.00	1326.00	943.00	KWD Million	[+]
Tourist Arrivals	7055.00	6941.00	8599.00	3899.00	Thousand	[+]
Gold Reserves	79.00	79.00	80.51	78.72	Tonnes	[+]
Crude Oil Production	2652.00	2643.00	3768.00	0.00	BBL/D/1K	[+]
Terrorism Index	3.13	3.80	4.45	0.00		[+]
Tourism Revenues	643.00	831.00	931.00	286.00	USD Million	[+]
Foreign Direct Investment	-23.00	-29.00	721.00	-29.00	KWD Million	[+]

Exports by Country | Exports by Category | Imports by Country | Imports by Category

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. This page provides - Kuwait Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Kuwait Current Account to GDP - actual data, historical chart and calendar of releases - was last updated on August of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	12.70	5.90	54.57	-242.19	1980 - 2018	percent	Yearly

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Country	Last		Previous	Range
Singapore	17.70	Dec/18	16	26.1 : -13.1	%
Netherlands	10.80	Dec/18	10.5	10.8 : -1	%
Switzerland	10.20	Dec/18	6.7	14.8 : -0.6	%
Saudi Arabia	9.20	Dec/18	1.5	28.5 : -21	%
Germany	7.30	Dec/18	8	8.5 : -1.8	%
Russia	7.00	Dec/18	2.1	18 : -1.4	%
South Korea	4.70	Dec/18	4.9	10.7 : -10.5	%
Japan	3.50	Dec/18	4	4.7 : -1	%
Euro Area	2.90	Dec/18	3.2	3.2 : -1.5	%
Italy	2.50	Dec/18	2.8	2.9 : -3.7	%
Spain	0.90	Dec/18	1.8	2.3 : -9.6	%
China	0.40	Dec/18	1.3	10.1 : -3.7	%
France	-0.30	Dec/18	-0.6	3.4 : -2.1	%
Brazil	-0.77	Dec/18	-0.35	1.8 : -8.2	%
Australia	-1.50	Dec/18	-3.4	2.3 : -7.3	%
Mexico	-1.80	May/19	-1.7	3.4 : -6.1	%
India	-2.30	Dec/18	-1.9	2.3 : -4.8	%
United States	-2.40	Dec/18	-2.3	0.2 : -6	%
Canada	-2.60	Dec/18	-2.8	2.7 : -4.2	%
Indonesia	-3.00	Dec/18	-1.6	4.8 : -6.8	%
South Africa	-3.50	Dec/18	-2.5	6 : -7.5	%
Turkey	-3.50	Dec/18	-5.6	1.9 : -8.9	%
United Kingdom	-3.90	Dec/18	-3.3	2.6 : -5.2	%
Argentina	-5.40	Dec/18	-4.9	8 : -5.4	%