Gulf Cooperation Council (GCC) vs Kuwait: Current account balance (credit less debit), Percent of GDP (Balance)
Current account balance (credit less debit), Percent of GDP (Balance) over time
- Gulf Cooperation Council (GCC)
- Kuwait
How they compare
Kuwait currently reports 19.17 against 3.73 in Gulf Cooperation Council (GCC), a difference of 15.44.
That makes Kuwait's figure about 5.1 times Gulf Cooperation Council (GCC)'s.
The two have swapped places 2 times across 31 shared years of data; in 2000 it was Kuwait ahead.
Gulf Cooperation Council (GCC) ranks 1st and Kuwait ranks 1st of 13 groups.
Kuwait has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Gulf Cooperation Council (GCC) | Kuwait | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 15.46 | 30.52 | 15.06 | Kuwait |
| 2010s | 10.75 | 22.8 | 12.05 | Kuwait |
| 2020s | 5.83 | 24.04 | 18.21 | Kuwait |
| 2030s | 3.73 | 19.17 | 15.44 | Kuwait |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher current account balance (credit less debit), percent of gdp (balance), Gulf Cooperation Council (GCC) or Kuwait?
- Kuwait, at 19.17 against 3.73 in Gulf Cooperation Council (GCC) as of 2030.
- What is the difference in current account balance (credit less debit), percent of gdp (balance) between Gulf Cooperation Council (GCC) and Kuwait?
- 15.44, with Kuwait ahead.
- How many years of comparable data are there for Gulf Cooperation Council (GCC) and Kuwait?
- 31 years are reported by both, from 2000 to 2030.
- How do Gulf Cooperation Council (GCC) and Kuwait rank globally for current account balance (credit less debit), percent of gdp (balance)?
- Gulf Cooperation Council (GCC) ranks 1st and Kuwait ranks 1st of 13 groups.
- Where does this data come from?
- International Monetary Fund, published as Current account balance (credit less debit), Percent of GDP (Balance of Payments and International Investment Position Manual, Sixth Edition (BPM6)). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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About this data
The Middle East and Central Asia Department Regional Economic Outlook (MCDREO) provides information on recent economic developments and prospects for 32 countries and territories: Afghanistan, Algeria, Armenia, Azerbaijan, Bahrain, Djibouti, Egypt, Georgia, Islamic Republic of Iran, Iraq, Jordan, Kazakhstan, Kuwait, Kyrgyz Republic, Lebanon, Libya, Mauritania, Morocco, Oman, Pakistan, Qatar, Saudi Arabia, Somalia, Sudan, Syrian Arab Republic, Tajikistan, Tunisia, Turkmenistan, United Arab Emirates, Uzbekistan, West Bank and Gaza, and Yemen. These countries and territories are divided into two main nonoverlapping groups, based on export earnings, namely (1) oil exporters; and (2) oil importers. The oil importers group comprises (1) emerging market and middle-income countries (EM&MI) and (2) low-income countries (LICs) based on the income level. Additional analytical and regional groups might be used to provide a more granular breakdown for analysis and continuity.