Kuwait recorded a Current Account surplus of 16.10 percent of the country's Gross Domestic Product in 2021. source: International Monetary Fund

Current Account to GDP in Kuwait averaged 18.55 percent of GDP from 1980 until 2021, reaching an all time high of 54.57 percent of GDP in 1981 and a record low of -242.19 percent of GDP 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 March of 2023.

Current Account to GDP in Kuwait is expected to reach 25.00 percent of GDP by the end of 2022, 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 20.00 percent of GDP in 2023 and 15.00 percent of GDP in 2024, according to our econometric models.

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Kuwait Current Account to GDP

Related Last Previous Unit Reference
Balance of Trade 5888.90 4793.30 KWD Million Jun 2022
Current Account 3959.00 3775.00 KWD Million Mar 2022
Current Account to GDP 16.10 3.20 percent of GDP Dec 2021
Imports 2718.10 2383.80 KWD Million Jun 2022
Exports 8607.30 7177.10 KWD Million Jun 2022
Capital Flows -12091.00 -5562.00 KWD Million Dec 2021
Remittances 1266.00 1494.70 KWD Million Sep 2022
Foreign Direct Investment 19.80 13.70 KWD Million Mar 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
16.10 3.20 54.57 -242.19 1980 - 2021 percent of GDP Yearly