Kuwait recorded a Current Account surplus of 8.90 percent of the country's Gross Domestic Product in 2019. source: Central Bank of Kuwait

Current Account to GDP in Kuwait averaged 18.81 percent from 1980 until 2019, 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 February of 2021.

Current Account to GDP in Kuwait is expected to reach -10.00 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 -7.50 percent in 2021 and -3.50 percent in 2022, according to our econometric models.

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Kuwait Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
8.90 12.70 54.57 -242.19 1980 - 2019 percent Yearly

Kuwait Trade Last Previous Highest Lowest Unit
Balance of Trade 90.10 1760.00 7065.90 25.30 KWD Million [+]
Current Account 433.00 1946.00 18142.00 -908.00 KWD Million [+]
Current Account to GDP 8.90 12.70 54.57 -242.19 percent [+]
Imports 1888.60 2250.00 2807.00 440.00 KWD Million [+]
Exports 1978.70 4010.00 8855.40 647.50 KWD Million [+]
Capital Flows -7469.00 -7389.00 21172.00 -22337.00 KWD Million [+]
Remittances 1057.00 1354.00 1354.00 943.00 KWD Million [+]
Tourist Arrivals 8508.00 7407.00 8599.00 3899.00 Thousand [+]
Gold Reserves 78.97 104.51 104.51 13.00 Tonnes [+]
Crude Oil Production 2325.00 2295.00 3768.00 0.00 BBL/D/1K [+]
Terrorism Index 1.80 2.49 4.45 0.00 [+]
Tourism Revenues 936.00 643.00 936.00 286.00 USD Million [+]
Foreign Direct Investment -116.00 2.00 721.00 -116.00 KWD Million [+]


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.