Kuwait recorded a Current Account surplus of 12.70 percent of the country's Gross Domestic Product in 2018. Kuwait Current Account to GDP - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

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. This page provides - Kuwait Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Current Account to GDP in Kuwait is expected to reach 6.60 percent by the end of 2020, 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 5.60 percent in 2021 and 4.50 percent in 2022, according to our econometric models.


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Kuwait Current Account to GDP

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


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.