Kuwait Current Account Balance: % of GDP
Key information about Kuwait Current Account Balance: % of GDP
- Kuwait Current Account surplus accounted for 27.9 % of the country's Nominal GDP in Mar 2024, compared with a 32.0 % surplus in the previous quarter.
- Kuwait Current Account Balance: % of Nominal GDP data is updated quarterly, available from Mar 2012 to Mar 2024, with an average value of 27.2 %.
- The data reached an all-time high of 63.6 % in Jun 2020 and a record low of -12.5 % in Mar 2016.
CEIC calculates Current Account Balance as % of Nominal GDP from quarterly Current Account Balance and quarterly Nominal GDP. The Central Bank of Kuwait provides Current Account Balance in local currency based on BPM6. Central Statistical Bureau provides Nominal GDP in local currency.
Key information about Kuwait Current Account Balance: % of GDP
- In the latest reports of Kuwait, Current Account recorded a surplus of 11.1 USD bn in Mar 2024.
- 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: % of GDP from Mar 2012 to Mar 2024 in the chart:
What was Kuwait's Current Account Balance: % of GDP in Mar 2024?
Kuwait Current Account surplus accounted for 27.9 % of the country's Nominal GDP in Mar 2024, compared with a 32.0 % surplus in the previous quarter. See the table below for more data.
Last | Previous | Min | Max | Unit | Frequency | Range |
---|---|---|---|---|---|---|
27.9 Mar 2024 | 32.0 Dec 2023 | -12.5 Mar 2016 | 63.6 Jun 2020 | % | quarterly | Mar 2012 - Mar 2024 |
Current Account Balance: % of GDP by Country Comparison
country/region | Last | Frequency | Range |
---|---|---|---|
Albania (%) | -3.3 Jun 2024 | quarterly | Mar 2008 - Jun 2024 |
Algeria (%) | 0.3 Dec 2023 | quarterly | Mar 2007 - Dec 2023 |
Argentina (%) | 2.3 Jun 2024 | quarterly | Mar 2004 - Jun 2024 |
Armenia (%) | -2.9 Jun 2024 | quarterly | Dec 1994 - Jun 2024 |
Australia (%) | -1.6 Jun 2024 | quarterly | Sep 1959 - Jun 2024 |
Austria (%) | 0.6 Jun 2024 | quarterly | Mar 1970 - Jun 2024 |
Azerbaijan (%) | 4.9 Jun 2024 | quarterly | Mar 2013 - Jun 2024 |
Bahrain (%) | 15.2 Dec 2022 | quarterly | Mar 2018 - Dec 2022 |
Bangladesh (%) | 0.9 2024 | yearly | 1998 - 2024 |
Belarus (%) | 2.5 Jun 2024 | quarterly | Mar 1996 - Jun 2024 |
Belgium (%) | -1.8 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
Bolivia (%) | 0.4 Jun 2024 | quarterly | Mar 1990 - Jun 2024 |
Bosnia and Herzegovina (%) | -3.9 Jun 2024 | quarterly | Mar 2008 - Jun 2024 |
Botswana (%) | -5.0 Jun 2024 | quarterly | Mar 2004 - Jun 2024 |
Brazil (%) | -3.4 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
Brunei (%) | -20.4 Dec 2020 | quarterly | Mar 2013 - Dec 2020 |
Bulgaria (%) | -1.3 Jun 2024 | quarterly | Sep 1999 - Jun 2024 |
Cambodia (%) | -5.0 Jun 2024 | quarterly | Mar 2010 - Jun 2024 |
Canada (%) | -1.1 Jun 2024 | quarterly | Mar 1957 - Jun 2024 |
Chile (%) | -2.3 Jun 2024 | quarterly | Mar 1996 - Jun 2024 |
China (%) | 1.2 Jun 2024 | quarterly | Mar 1998 - Jun 2024 |
Colombia (%) | -1.6 Jun 2024 | quarterly | Mar 1996 - Jun 2024 |
Croatia (%) | -5.7 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
Cyprus (%) | -0.6 Jun 2024 | quarterly | Mar 2008 - Jun 2024 |
Czech Republic (%) | -0.2 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
Denmark (%) | 13.6 Jun 2024 | quarterly | Mar 1990 - Jun 2024 |
Ecuador (%) | 7.9 Jun 2024 | quarterly | Mar 1993 - Jun 2024 |
Egypt (%) | 1.3 Dec 2022 | quarterly | Sep 2001 - Dec 2022 |
Estonia (%) | 0.3 Mar 2023 | quarterly | Mar 2000 - Mar 2023 |
European Union (%) | 2.8 Jun 2024 | quarterly | Mar 1999 - Jun 2024 |
Finland (%) | -2.9 Jun 2024 | quarterly | Mar 1990 - Jun 2024 |
France (%) | -0.7 Sep 2024 | quarterly | Mar 1997 - Sep 2024 |
Georgia (%) | -7.3 Jun 2024 | quarterly | Mar 1996 - Jun 2024 |
Germany (%) | 5.3 Sep 2024 | quarterly | Mar 1991 - Sep 2024 |
Ghana (%) | 5.6 Jun 2024 | quarterly | Mar 2006 - Jun 2024 |
Greece (%) | -7.9 Jun 2024 | quarterly | Mar 2000 - Jun 2024 |
Hong Kong SAR, China (%) | 13.3 Jun 2024 | quarterly | Mar 1999 - Jun 2024 |
Hungary (%) | 3.7 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
Iceland (%) | -2.7 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
India (%) | -1.1 Jun 2024 | quarterly | Jun 2004 - Jun 2024 |
Indonesia (%) | 0.9 Mar 2023 | quarterly | Mar 1993 - Mar 2023 |
Iran (%) | 0.6 2023 | yearly | 1997 - 2023 |
Ireland (%) | 28.4 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
Israel (%) | 3.3 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
Italy (%) | 1.6 Jun 2024 | quarterly | Mar 1980 - Jun 2024 |
Ivory Coast (%) | -6.3 2022 | yearly | 1975 - 2022 |
Japan (USD mn) | 14,232.0 Apr 2023 | monthly | Jan 1996 - Apr 2023 |
Jordan (%) | -7.0 Jun 2024 | quarterly | Mar 1992 - Jun 2024 |
Kazakhstan (%) | -2.5 Dec 2023 | quarterly | Dec 1997 - Dec 2023 |
Kenya (%) | -2.5 Jun 2024 | quarterly | Mar 2009 - Jun 2024 |
South Korea (USD mn) | 8,186.7 Sep 2024 | monthly | Jan 1980 - Sep 2024 |
Kosovo (%) | -15.4 Jun 2024 | quarterly | Mar 2010 - Jun 2024 |
Kuwait (%) | 27.9 Mar 2024 | quarterly | Mar 2012 - Mar 2024 |
Kyrgyzstan (%) | -60.7 Mar 2023 | quarterly | Mar 2000 - Mar 2023 |
Laos (%) | 2.7 2023 | yearly | 1984 - 2023 |
Latvia (%) | -1.7 Mar 2024 | quarterly | Mar 1995 - Mar 2024 |
Lebanon (%) | -2.8 2021 | yearly | 2002 - 2021 |
Lithuania (%) | 3.2 Jun 2024 | quarterly | Mar 1993 - Jun 2024 |
Luxembourg (%) | 12.0 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
Macau SAR, China (%) | 36.0 2023 | yearly | 2002 - 2023 |
North Macedonia (%) | -3.2 Jun 2024 | quarterly | Mar 2000 - Jun 2024 |
Malawi (%) | -14.2 2021 | yearly | 1977 - 2021 |
Malaysia (%) | 0.6 Jun 2024 | quarterly | Mar 2000 - Jun 2024 |
Malta (%) | 7.4 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
Mauritius (%) | -6.3 Jun 2024 | quarterly | Mar 2007 - Jun 2024 |
Mexico (%) | 0.7 Jun 2024 | quarterly | Mar 1993 - Jun 2024 |
Moldova (%) | -16.6 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
Mongolia (%) | -5.4 Jun 2024 | quarterly | Mar 2000 - Jun 2024 |
Montenegro (%) | -22.8 Jun 2024 | quarterly | Mar 2010 - Jun 2024 |
Morocco (%) | -3.6 Jun 2024 | quarterly | Mar 2014 - Jun 2024 |
Mozambique (%) | -11.6 2023 | yearly | 1980 - 2023 |
Nepal (%) | 3.9 2024 | yearly | 2001 - 2024 |
Netherlands (%) | 8.4 Jun 2024 | quarterly | Mar 1987 - Jun 2024 |
New Zealand (%) | -6.9 Jun 2024 | quarterly | Jun 1987 - Jun 2024 |
Nigeria (%) | 11.5 Jun 2024 | quarterly | Mar 2014 - Jun 2024 |
Norway (%) | 17.9 Jun 2024 | quarterly | Mar 1981 - Jun 2024 |
Oman (%) | -4.9 2021 | yearly | 1980 - 2021 |
Pakistan (%) | -0.5 2024 | yearly | 1977 - 2024 |
Palestinian Territory (%) | -16.1 Mar 2023 | quarterly | Mar 2011 - Mar 2023 |
Panama (%) | 2.2 Jun 2024 | quarterly | Mar 2007 - Jun 2024 |
Paraguay (%) | 0.3 Jun 2024 | quarterly | Mar 2000 - Jun 2024 |
Peru (%) | 2.4 Jun 2024 | quarterly | Mar 1990 - Jun 2024 |
Philippines (%) | -4.3 Mar 2023 | quarterly | Mar 1981 - Mar 2023 |
Poland (%) | 0.3 Jun 2024 | quarterly | Mar 2000 - Jun 2024 |
Portugal (%) | 1.5 Jun 2024 | quarterly | Mar 1996 - Jun 2024 |
Qatar (%) | 13.1 Dec 2023 | quarterly | Mar 2011 - Dec 2023 |
Romania (%) | -9.2 Jun 2024 | quarterly | Mar 1995 - Jun 2024 |
Russia (%) | 3.4 Jun 2024 | quarterly | Mar 1994 - Jun 2024 |
Saudi Arabia (%) | 1.6 Jun 2024 | quarterly | Mar 2006 - Jun 2024 |
Serbia (%) | -4.2 Jun 2024 | quarterly | Mar 2007 - Jun 2024 |
Singapore (%) | 19.2 Jun 2024 | quarterly | Mar 1986 - Jun 2024 |
Slovakia (%) | -1.3 Jun 2024 | quarterly | Mar 1997 - Jun 2024 |
Slovenia (%) | 7.2 Sep 2024 | quarterly | Mar 1995 - Sep 2024 |
South Africa (%) | -0.9 Jun 2024 | quarterly | Mar 1960 - Jun 2024 |
Spain (%) | 3.3 Jun 2024 | quarterly | Mar 1980 - Jun 2024 |
Sri Lanka (%) | 1.9 Jun 2024 | quarterly | Mar 2002 - Jun 2024 |
Sudan (%) | -8.5 2021 | yearly | 1977 - 2021 |
Sweden (%) | 9.4 Jun 2024 | quarterly | Mar 1980 - Jun 2024 |
Switzerland (%) | 9.6 Jun 2024 | quarterly | Mar 1983 - Jun 2024 |
Accurate Macro & Micro Economic Data You Can Trust
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Learn more about what we doKuwait 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) | 164.1 Sep 2024 | monthly | Dec 1993 - Sep 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 Expenditure (KWD mn) | 18,245.900 2016 | yearly | 1989 - 2016 |
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 Surplus/Deficit (KWD mn) | -1,561.505 2024 | yearly | 1989 - 2024 |
Foreign Trade | Last | Frequency | Range |
---|---|---|---|
Forecast: Exports of Goods Growth (%) | 2.994 2028 | yearly | 1980 - 2028 |
Trade Balance (USD mn) | 3,536.5 Jun 2024 | monthly | Jan 1993 - Jun 2024 |
Total Exports (USD mn) | 6,435.2 Jun 2024 | monthly | Jan 1993 - Jun 2024 |
Total Exports Growth (%) | -1.0 Jun 2024 | monthly | Jan 1994 - Jun 2024 |
Aluminum: Exports (USD th) | 56,120.447 2023 | yearly | 1995 - 2023 |
Exports: Medicament (USD th) | 529,113.260 2022 | yearly | 1995 - 2022 |
Exports: Medicinal and Pharmaceutical Product (USD th) | 17,111.420 2022 | yearly | 1995 - 2022 |
Total Imports (USD mn) | 2,898.7 Jun 2024 | monthly | Jan 1992 - Jun 2024 |
Total Imports Growth (%) | 2.5 Jun 2024 | monthly | Jan 1993 - Jun 2024 |
Imports: Medicament (USD th) | 1,144,894.403 2022 | yearly | 1995 - 2022 |
Imports: Medicinal and Pharmaceutical Product (USD th) | 442,329.808 2022 | yearly | 1995 - 2022 |
Total Exports to USA (USD mn) | 3.835 Jul 2024 | monthly | Sep 1991 - Jul 2024 |
Total Imports from USA (USD mn) | 217.582 Jun 2024 | monthly | Jan 2017 - Jun 2024 |
Total Exports to China (USD mn) | 41.094 Jun 2024 | monthly | Jan 2017 - Jun 2024 |
Total Imports from China (USD mn) | 522.637 Jun 2024 | monthly | Jan 2017 - Jun 2024 |
Trade Balance: Quarterly (KWD mn) | 2,789.603 Dec 2018 | quarterly | Mar 1973 - Dec 2018 |
Exports: FOB: Growth Rate: YoY (%) | -1.015 Jun 2024 | monthly | Apr 2020 - Jun 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: Other Investments (OT) (KWD mn) | -1,407.000 Sep 2018 | quarterly | Mar 2012 - Sep 2018 |
BoP: FA: OT: Assets (KWD mn) | -2,795.000 Sep 2018 | quarterly | Mar 2012 - Sep 2018 |
BoP: FA: Reserve Assets: Central Bank of Kuwait (CBK) (KWD mn) | 448.000 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: CA: Debit (KWD mn) | 0.000 Sep 2018 | quarterly | Mar 2012 - Sep 2018 |
BoP: CA: Primary Income: Debit (KWD mn) | 0.000 Sep 2018 | quarterly | Mar 2012 - Sep 2018 |
BoP: 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 |
BoP: FA: Portfolio Investment: Assets (KWD mn) | -1,260.000 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) | 33,747.006 Sep 2024 | monthly | Jan 1994 - Sep 2024 |
Money Supply M2 (USD mn) | 132,820.345 Sep 2024 | monthly | Jan 1994 - Sep 2024 |
M2 Growth (%) | 3.7 Sep 2024 | monthly | Jan 1995 - Sep 2024 |
Foreign Exchange Reserves (USD mn) | 42,293.4 Aug 2024 | monthly | Jan 1964 - Aug 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) | 104.020 Sep 2024 | monthly | Dec 1961 - Sep 2024 |
Total Deposits (USD mn) | 176,721.903 Sep 2024 | monthly | Jan 1994 - Sep 2024 |
Total Deposits Growth (%) | 4.7 Sep 2024 | monthly | Jan 1995 - Sep 2024 |
Domestic Credit (USD mn) | 132,219.5 Sep 2024 | monthly | Jan 1994 - Sep 2024 |
Domestic Credit Growth (%) | 2.9 Sep 2024 | monthly | Jan 1995 - Sep 2024 |
Household Debt (USD mn) | 1,413.6 Sep 2024 | monthly | Jan 2002 - Sep 2024 |
Total Loans (USD mn) | 183,207.219 Sep 2024 | monthly | Jan 1994 - Sep 2024 |
Total Loans Growth (%) | 5.69 Sep 2024 | monthly | Jan 1995 - Sep 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) | 1,550.000 Aug 2024 | monthly | Jan 1994 - Aug 2024 |
Money Supply: M3 (KWD mn) | 40,227.500 Aug 2024 | monthly | Jan 1994 - Aug 2024 |
Monetary Survey: CBK and Local Banks: Money Supply M2: M1 (KWD mn) | 10,284.400 Sep 2024 | monthly | Jan 1994 - Sep 2024 |
Monetary Survey: CBK and Local Banks: Money Supply M2 (KWD mn) | 40,477.000 Sep 2024 | monthly | Jan 1994 - Sep 2024 |
Local Banks Time Deposits (KWD mn) | 64,939.300 Sep 2024 | monthly | Jan 1994 - Sep 2024 |
More Indicators for Kuwait
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