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

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 October of 2020.

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.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
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 1760.00 2090.00 7065.90 25.30 KWD Million [+]
Current Account 1325.00 2817.00 18142.00 -908.00 KWD Million [+]
Current Account to GDP 8.90 12.70 54.57 -242.19 percent [+]
Imports 2250.00 2590.00 2807.00 440.00 KWD Million [+]
Exports 4010.00 4680.00 8855.40 647.50 KWD Million [+]
Capital Flows -7469.00 -7389.00 21172.00 -22337.00 KWD Million [+]
Remittances 1247.00 1071.00 1326.00 943.00 KWD Million [+]
Tourist Arrivals 8508.00 7407.00 8599.00 3899.00 Thousand [+]
Gold Reserves 79.00 79.00 80.51 78.72 Tonnes [+]
Crude Oil Production 2290.00 2289.00 3768.00 0.00 BBL/D/1K [+]
Terrorism Index 2.49 3.13 4.45 0.00 [+]
Tourism Revenues 936.00 643.00 936.00 286.00 USD Million [+]
Foreign Direct Investment 234.00 723.00 809.00 -27.00 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.