Kuwait Current Account Balance

2012 - 2024 | Quarterly | USD mn | CEIC Data

Key information about Kuwait Current Account Balance

  • Kuwait Current Account recorded a surplus of 11.1 USD bn in Mar 2024, compared with a surplus of 13.3 USD bn in the previous quarter.
  • Kuwait Current Account Balance: USD mn data is updated quarterly, available from Mar 2012 to Mar 2024, with an averaged value of 9.4 USD bn.
  • The data reached an all-time high of 21.1 USD bn in Mar 2012 and a record low of -3.0 USD bn in Mar 2016.
  • CEIC converts quarterly Current Account Balance into USD. The Central Bank of Kuwait provides Current Account Balance in local currency. The Central Bank of Kuwait average market exchange rate is used for currency conversions.
  • Foreign Direct Investment (FDI) increased by 128.5 USD mn in Mar 2024.
  • Kuwait Direct Investment Abroad expanded by 1.7 USD bn in Mar 2024.
  • Its Foreign Portfolio Investment increased by 14.0 USD mn in Mar 2024.
  • The country's Nominal GDP was reported at 28.0 USD bn in Dec 2020.

View Kuwait's Current Account Balance from Mar 2012 to Mar 2024 in the chart:

Kuwait Current Account Balance

What was Kuwait's Current Account Balance in Mar 2024?

Kuwait Current Account recorded a surplus of 11.1 USD bn in Mar 2024, compared with a surplus of 13.3 USD bn in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
11,086.1 Mar 2024 13,349.9 Dec 2023 -3,012.1 Mar 2016 21,066.2 Mar 2012 USD mn quarterly Mar 2012 - Mar 2024

Current Account Balance by Country Comparison

country/region Last Frequency Range
Albania (USD mn) -145.1 Mar 2023 quarterly Mar 1993 - Mar 2023
Algeria (USD mn) -2,970.0 Dec 2019 quarterly Mar 2007 - Dec 2019
Argentina (USD mn) 3,490.2 Jun 2024 quarterly Mar 1976 - Jun 2024
Armenia (USD mn) -168.6 Jun 2024 quarterly Mar 1993 - Jun 2024
Australia (USD mn) -9,479.8 Sep 2024 quarterly Sep 1959 - Sep 2024
Austria (USD mn) 5,171.8 Mar 2023 quarterly Mar 1970 - Mar 2023
Azerbaijan (USD mn) 895.5 Jun 2024 quarterly Mar 2013 - Jun 2024
Bahrain (USD mn) 671.7 Jun 2024 quarterly Mar 2018 - Jun 2024
Bangladesh (USD mn) -188.8 Jul 2024 monthly Jul 1997 - Jul 2024
Belarus (USD mn) -1,726.9 Mar 2023 quarterly Mar 1996 - Mar 2023
Belgium (USD mn) -1,705.2 Dec 2022 monthly Jan 1995 - Dec 2022
Bolivia (USD mn) 39.0 Jun 2024 quarterly Mar 1988 - Jun 2024
Bosnia and Herzegovina (USD mn) -271.0 Jun 2024 quarterly Mar 2001 - Jun 2024
Botswana (USD mn) -44.3 Dec 2022 quarterly Mar 2004 - Dec 2022
Brazil (USD mn) -5,879.8 Oct 2024 monthly Jan 1995 - Oct 2024
Brunei (USD mn) -615.1 Dec 2020 quarterly Mar 2001 - Dec 2020
Bulgaria (USD mn) 351.4 Apr 2023 monthly Jan 1996 - Apr 2023
Cambodia (USD mn) -574.0 Jun 2024 quarterly Mar 1994 - Jun 2024
Canada (USD mn) -4,560.8 Mar 2023 quarterly Mar 1957 - Mar 2023
Chile (USD mn) -3,139.6 Sep 2024 quarterly Mar 2003 - Sep 2024
China (USD mn) 146,900.0 Sep 2024 quarterly Mar 1998 - Sep 2024
Colombia (USD mn) -1,669.2 Sep 2024 quarterly Mar 1996 - Sep 2024
Croatia (USD mn) -1,465.3 Dec 2022 quarterly Mar 1993 - Dec 2022
Cyprus (USD mn) -178.0 Dec 2022 quarterly Mar 2001 - Dec 2022
Czech Republic (USD mn) 782.0 Apr 2023 monthly Jan 2003 - Apr 2023
Denmark (USD mn) 5,296.0 Apr 2023 monthly Jan 2005 - Apr 2023
Ecuador (USD mn) 2,407.1 Jun 2024 quarterly Mar 1993 - Jun 2024
Egypt (USD mn) -3,711.1 Jun 2024 quarterly Dec 1993 - Jun 2024
Estonia (USD mn) 94.3 Apr 2023 monthly Jan 1999 - Apr 2023
European Union (USD mn) 185,094.0 Sep 2024 quarterly Mar 1999 - Sep 2024
Finland (USD mn) -1,912.9 Apr 2023 monthly Jan 1980 - Apr 2023
France (USD mn) -2,881.7 Oct 2024 monthly Jan 1999 - Oct 2024
Georgia (USD mn) -200.5 Mar 2023 quarterly Mar 1995 - Mar 2023
Germany (USD mn) 12,605.5 Oct 2024 monthly Jan 1991 - Oct 2024
Ghana (USD mn) 998.5 Jun 2024 quarterly Mar 2005 - Jun 2024
Greece (USD mn) -351.5 Sep 2024 monthly Jan 2000 - Sep 2024
Hong Kong SAR, China (USD mn) 12,924.5 Jun 2024 quarterly Mar 1999 - Jun 2024
Hungary (USD mn) 2,080.3 Jun 2024 quarterly Dec 1989 - Jun 2024
Iceland (USD mn) -71.2 Mar 2023 quarterly Mar 1976 - Mar 2023
India (USD mn) -9,739.2 Jun 2024 quarterly Jun 1949 - Jun 2024
Indonesia (USD mn) -2,150.2 Sep 2024 quarterly Mar 1981 - Sep 2024
Iran (USD mn) 14,204.8 2023 yearly 1997 - 2023
Ireland (USD mn) 14,845.9 Mar 2023 quarterly Mar 1981 - Mar 2023
Israel (USD mn) 4,962.6 Jun 2024 quarterly Mar 1992 - Jun 2024
Italy (USD mn) -1,662.6 Apr 2023 monthly Jan 1970 - Apr 2023
Ivory Coast (USD mn) -4,378.2 2023 yearly 1975 - 2023
Japan (USD mn) 14,232.0 Apr 2023 monthly Jan 1996 - Apr 2023
Jordan (USD mn) -1,007.6 Mar 2023 quarterly Mar 1977 - Mar 2023
Kazakhstan (USD mn) -662.8 Jun 2024 quarterly Dec 1997 - Jun 2024
Kenya (USD mn) -266.0 Jun 2024 monthly Jan 2002 - Jun 2024
South Korea (USD mn) 7,614.6 Oct 2024 monthly Jan 1980 - Oct 2024
Kosovo (USD mn) 294.9 Sep 2024 quarterly Mar 2009 - Sep 2024
Kuwait (USD mn) 11,086.1 Mar 2024 quarterly Mar 2012 - Mar 2024
Kyrgyzstan (USD mn) -1,294.6 Dec 2022 quarterly Mar 1993 - Dec 2022
Laos (USD mn) -172.6 Jun 2024 quarterly Mar 1994 - Jun 2024
Latvia (USD mn) 23.0 Apr 2023 monthly Jan 2000 - Apr 2023
Lebanon (USD mn) -227.4 Dec 2023 monthly Jan 2002 - Dec 2023
Lithuania (USD mn) 550.8 Oct 2024 monthly Jan 2001 - Oct 2024
Luxembourg (USD mn) 2,694.4 Jun 2024 quarterly Mar 1995 - Jun 2024
Macau SAR, China (USD mn) 16,954.8 2023 yearly 2002 - 2023
North Macedonia (USD mn) 108.9 Mar 2023 monthly Jan 2001 - Mar 2023
Malawi (USD mn) -1,752.1 2021 yearly 1977 - 2021
Malaysia (USD mn) 489.3 Sep 2024 quarterly Mar 1999 - Sep 2024
Malta (USD mn) 437.6 Jun 2024 quarterly Mar 1995 - Jun 2024
Mauritius (USD mn) -183.0 Sep 2023 quarterly Mar 2017 - Sep 2023
Mexico (USD mn) -14,282.0 Mar 2023 quarterly Mar 1980 - Mar 2023
Moldova (USD mn) -697.9 Jun 2024 quarterly Mar 1994 - Jun 2024
Mongolia (USD mn) -524.3 Sep 2024 monthly Jan 2009 - Sep 2024
Montenegro (USD mn) -278.9 Mar 2023 quarterly Mar 2004 - Mar 2023
Morocco (USD mn) -1,332.0 Jun 2024 quarterly Mar 2014 - Jun 2024
Mozambique (USD mn) -603.0 Jun 2024 quarterly Mar 1996 - Jun 2024
Myanmar (USD mn) 295.8 Mar 2024 quarterly Mar 1976 - Mar 2024
Nepal (USD mn) 833.9 Oct 2024 quarterly Oct 2000 - Oct 2024
Netherlands (USD mn) 27,762.5 Mar 2023 quarterly Mar 1967 - Mar 2023
New Zealand (USD mn) -5,231.7 Mar 2023 quarterly Jun 1971 - Mar 2023
Nigeria (USD mn) 5,142.5 Jun 2024 quarterly Mar 2014 - Jun 2024
Norway (USD mn) 27,310.5 Mar 2023 quarterly Mar 1981 - Mar 2023
Oman (USD mn) 2,637.2 2023 yearly 1974 - 2023
Pakistan (USD mn) -98.0 Sep 2024 quarterly Mar 1976 - Sep 2024
Palestinian Territory (USD mn) -801.1 Jun 2024 quarterly Mar 2011 - Jun 2024
Panama (USD mn) 434.7 Jun 2024 quarterly Mar 1998 - Jun 2024
Paraguay (USD mn) 37.7 Jun 2024 quarterly Mar 2008 - Jun 2024
Peru (USD mn) 1,870.1 Sep 2024 quarterly Mar 1977 - Sep 2024
Philippines (USD mn) -2,198.3 Sep 2024 monthly Jan 1999 - Sep 2024
Poland (USD mn) 1,159.0 Oct 2024 monthly Jan 2000 - Oct 2024
Portugal (USD mn) 822.3 Sep 2024 monthly Jan 1996 - Sep 2024
Qatar (USD mn) 11,023.4 Jun 2024 quarterly Mar 2011 - Jun 2024
Romania (USD mn) -3,580.1 Oct 2024 monthly Jun 2002 - Oct 2024
Russia (USD mn) 3,200.0 Nov 2024 monthly Jan 2012 - Nov 2024
Saudi Arabia (USD mn) 4,324.3 Jun 2024 quarterly Mar 2006 - Jun 2024
Serbia (USD mn) -1,026.8 Sep 2024 monthly Jan 2013 - Sep 2024
Singapore (USD mn) 25,888.7 Sep 2024 quarterly Mar 1986 - Sep 2024
Slovakia (USD mn) -392.6 Sep 2024 monthly Jan 1997 - Sep 2024
Slovenia (USD mn) 359.8 Apr 2023 monthly Jan 1994 - Apr 2023
South Africa (USD mn) -932.5 Mar 2023 quarterly Mar 1960 - Mar 2023
Spain (USD mn) 4,556.0 Sep 2024 monthly Jan 1990 - Sep 2024
Sri Lanka (USD mn) 414.9 Jun 2024 quarterly Mar 1977 - Jun 2024
Sudan (USD mn) -1,752.8 Dec 2022 quarterly Mar 1977 - Dec 2022
Sweden (USD mn) 9,050.5 Sep 2024 quarterly Mar 1975 - Sep 2024
Switzerland (USD mn) 17,338.7 Mar 2023 quarterly Mar 1983 - Mar 2023

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Kuwait Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -3.1 2023 yearly 1988 - 2023
Consolidated Fiscal Balance (USD mn) -5,077.511 2023 yearly 1988 - 2023
Tax Revenue (USD mn) 128.142 Dec 2015 monthly Sep 2003 - Dec 2015
Tax Revenue: % of GDP (%) 1.1 2023 yearly 1986 - 2023
National Government Debt (USD mn) 163.2 Oct 2024 monthly Dec 1993 - Oct 2024
Government Debt: % of GDP (%) 0.3 Jun 2024 quarterly Dec 2010 - Jun 2024
Forecast: Government Expenditure (KWD bn) 27.335 2029 yearly 1985 - 2029
Forecast: Government Net Debt (KWD bn) 14.007 2029 yearly 1991 - 2029
Forecast: Government Revenue (KWD bn) 40.250 2029 yearly 1985 - 2029
Government Fiscal Balance: ytd (KWD mn) -1,561.505 Mar 2024 monthly Apr 2018 - Mar 2024
Government Revenue: ytd: Non Oil: Tax and Fees (KWD mn) 550.910 Mar 2024 monthly Apr 2018 - Mar 2024
Government Expenditure: ytd: Purchases of Non Financial Assets (KWD mn) 336.796 Sep 2024 monthly Apr 2018 - Sep 2024
Government Revenue: ytd: Non Oil (KWD mn) 2,116.770 Mar 2024 monthly Apr 2018 - Mar 2024
Government Revenue: ytd (KWD mn) 23,644.325 Mar 2024 monthly Apr 2018 - Mar 2024
Government Expenditure: ytd: Current (KWD mn) 9,630.195 Sep 2024 monthly Apr 2018 - Sep 2024
Government Expenditure: ytd (KWD mn) 9,966.991 Sep 2024 monthly Apr 2018 - Sep 2024
Government Revenue (KWD mn) 13,633.900 2016 yearly 1987 - 2016
Government Revenue: Tax (KWD mn) 486.000 2016 yearly 1987 - 2016
Government Expenditure: Current (KWD mn) 12,125.900 2016 yearly 1989 - 2016
Government Expenditure: Capital (KWD mn) 226.000 2016 yearly 1989 - 2016
Government Expenditure (KWD mn) 18,245.900 2016 yearly 1989 - 2016
Government Surplus/Deficit (KWD mn) -1,561.505 2024 yearly 1989 - 2024
Public Debt (KWD mn) 50.000 Oct 2024 monthly Dec 1993 - Oct 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 2.994 2028 yearly 1980 - 2028
Trade Balance (USD mn) 2,975.2 Aug 2024 monthly Jan 1993 - Aug 2024
Total Exports (USD mn) 6,074.6 Aug 2024 monthly Jan 1993 - Aug 2024
Total Exports Growth (%) -15.9 Aug 2024 monthly Jan 1994 - Aug 2024
Aluminum: Exports (USD th) 56,120.447 2023 yearly 1995 - 2023
Exports: Medicament (USD th) 280,728.170 2023 yearly 1995 - 2023
Exports: Medicinal and Pharmaceutical Product (USD th) 13,928.974 2023 yearly 1995 - 2023
Total Imports (USD mn) 3,099.4 Aug 2024 monthly Jan 1992 - Aug 2024
Total Imports Growth (%) -3.9 Aug 2024 monthly Jan 1993 - Aug 2024
Imports: Medicament (USD th) 1,224,246.807 2023 yearly 1995 - 2023
Imports: Medicinal and Pharmaceutical Product (USD th) 638,823.973 2023 yearly 1995 - 2023
Total Exports to USA (USD mn) 6.680 Aug 2024 monthly Sep 1991 - Aug 2024
Total Imports from USA (USD mn) 323.688 Aug 2024 monthly Jan 2017 - Aug 2024
Total Exports to China (USD mn) 41.999 Aug 2024 monthly Jan 2017 - Aug 2024
Total Imports from China (USD mn) 546.823 Aug 2024 monthly Jan 2017 - Aug 2024
Trade Balance: Quarterly (KWD mn) 2,789.603 Dec 2018 quarterly Mar 1973 - Dec 2018
Exports: FOB: Growth Rate: YoY (%) -15.884 Aug 2024 monthly Apr 2020 - Aug 2024
Exports: SITC: Other Manufactured Articles (KWD mn) 36.800 Sep 2018 quarterly Sep 2014 - Sep 2018
Exports: SITC: Food and Live Animals (KWD mn) 39.900 Sep 2018 quarterly Sep 2014 - Sep 2018
Export Value Index (2015=100) 116.639 2021 yearly 1980 - 2021
Import Value Index (2015=100) 102.988 2021 yearly 1980 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 1,748.6 Mar 2024 quarterly Mar 2012 - Mar 2024
Current Account Balance (USD mn) 11,086.1 Mar 2024 quarterly Mar 2012 - Mar 2024
Current Account Balance: % of GDP (%) 27.9 Mar 2024 quarterly Mar 2012 - Mar 2024
Foreign Direct Investment (USD mn) 128.5 Mar 2024 quarterly Mar 2012 - Mar 2024
Foreign Direct Investment: % of GDP (%) 0.3 Mar 2024 quarterly Mar 2012 - Mar 2024
Foreign Portfolio Investment (USD mn) 13.987 Mar 2024 quarterly Mar 2012 - Mar 2024
Foreign Portfolio Investment: % of GDP (%) 0.0 Mar 2024 quarterly Mar 2012 - Mar 2024
Foreign Portfolio Investment: Equity Securities (USD mn) 45.5 Mar 2024 quarterly Mar 2012 - Mar 2024
Foreign Portfolio Investment: Debt Securities (USD mn) -31.551 Mar 2024 quarterly Mar 2012 - Mar 2024
External Debt (USD mn) 65,430.7 Mar 2024 quarterly Mar 2018 - Mar 2024
External Debt: % of GDP (%) 39.4 2023 yearly 2014 - 2023
Forecast: Current Account Balance (USD bn) 25.453 2029 yearly 1980 - 2029
Net International Investment Position (USD mn) 113,840.261 2023 yearly 2001 - 2023
BoP: FA: Reserve Assets: Central Bank of Kuwait (CBK) (KWD mn) 448.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: FA: Other Investments (OT) (KWD mn) -1,407.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: CA: Primary Income: Debit (KWD mn) 0.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: FA: OT: Liabilities (KWD mn) 1,389.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: CA: Secondary Income: Credit (KWD mn) 0.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: FA: Portfolio Investment: Liabilities (KWD mn) 10.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: FA: OT: Assets (KWD mn) -2,795.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: CA: Debit (KWD mn) 0.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: FA: Portfolio Investment: Assets (KWD mn) -1,260.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: Capital Account: Debit (KWD mn) 5.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: Net Errors and Omissions (KWD mn) 493.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: FA: Financial Derivatives: Liabilities (KWD mn) 40.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: FA: Financial Derivatives: Assets (KWD mn) -36.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: FA: Portfolio Investment: Liabilities: Debt Instruments (KWD mn) 0.000 Sep 2018 quarterly Mar 2012 - Sep 2018
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.7 Jun 2024 quarterly Mar 2011 - Jun 2024
Household Debt: % of GDP (%) 0.7 Jun 2024 quarterly Dec 2010 - Jun 2024
Money Supply M1 (USD mn) 33,767.260 Oct 2024 monthly Jan 1994 - Oct 2024
Money Supply M2 (USD mn) 132,443.284 Oct 2024 monthly Jan 1994 - Oct 2024
M2 Growth (%) 3.2 Oct 2024 monthly Jan 1995 - Oct 2024
Foreign Exchange Reserves (USD mn) 42,191.5 Sep 2024 monthly Jan 1964 - Sep 2024
Foreign Exchange Reserves: % of GDP (%) 25.562 Jun 2024 quarterly Dec 2010 - Jun 2024
Foreign Exchange Reserves: Months of Import (NA) 14.3 Jun 2024 quarterly Mar 1973 - Jun 2024
Gold Reserves (USD mn) 103.476 Oct 2024 monthly Dec 1961 - Oct 2024
Total Deposits (USD mn) 174,173.331 Oct 2024 monthly Jan 1994 - Oct 2024
Total Deposits Growth (%) 2.4 Oct 2024 monthly Jan 1995 - Oct 2024
Domestic Credit (USD mn) 132,109.4 Oct 2024 monthly Jan 1994 - Oct 2024
Domestic Credit Growth (%) 2.2 Oct 2024 monthly Jan 1995 - Oct 2024
Household Debt (USD mn) 1,557.0 Oct 2024 monthly Jan 2002 - Oct 2024
Total Loans (USD mn) 184,015.668 Oct 2024 monthly Jan 1994 - Oct 2024
Total Loans Growth (%) 6.11 Oct 2024 monthly Jan 1995 - Oct 2024
Private Debt: % of Nominal GDP (%) 104.60 Jun 2024 quarterly Dec 2010 - Jun 2024
Money Supply: M3: M2: M1: Currency in Circulation (KWD mn) 1,561.500 Oct 2024 monthly Jan 1994 - Oct 2024
Money Supply: M3 (KWD mn) 40,574.000 Oct 2024 monthly Jan 1994 - Oct 2024
Monetary Survey: CBK and Local Banks: Money Supply M2: M1 (KWD mn) 10,344.600 Oct 2024 monthly Jan 1994 - Oct 2024
Monetary Survey: CBK and Local Banks: Money Supply M2 (KWD mn) 40,574.000 Oct 2024 monthly Jan 1994 - Oct 2024
Local Banks Time Deposits (KWD mn) 65,176.600 Oct 2024 monthly Jan 1994 - Oct 2024

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