Current account balance (credit less debit), Net (credits less) in Kuwait
Kuwait: Current account balance (credit less debit), Net (credits less) was 46.70 billion in 2024. ◆ Volatile
Current account balance (credit less debit), Net (credits less debits) in Kuwait, 2005–2024
Source: International Monetary Fund.
Analysis
The most recent figure for current account balance (credit less debit), net (credits less debits) in Kuwait is 46.70 billion, measured in 2024.
Compared with earlier readings it is down 9.1% on the previous year and down 13.5% over ten years.
Over the whole period, current account balance (credit less debit), net (credits less debits) in Kuwait peaked at 79.12 billion in 2012 and was at its lowest, 641.71 million, in 2016.
That places Kuwait 15th out of 198 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance (credit less debit), Net (credits less) in Kuwait, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 30.07 billion | — |
| 2006 | 45.31 billion | +50.7% |
| 2007 | 41.33 billion | -8.8% |
| 2008 | 60.24 billion | +45.8% |
| 2009 | 28.97 billion | -51.9% |
| 2010 | 36.99 billion | +27.7% |
| 2011 | 66.15 billion | +78.8% |
| 2012 | 79.12 billion | +19.6% |
| 2013 | 69.49 billion | -12.2% |
| 2014 | 53.97 billion | -22.3% |
| 2015 | 8.58 billion | -84.1% |
| 2016 | 641.71 million | -92.5% |
| 2017 | 7.76 billion | +1108.8% |
| 2018 | 24.05 billion | +210.0% |
| 2019 | 30.25 billion | +25.8% |
| 2020 | 22.03 billion | -27.2% |
| 2021 | 34.94 billion | +58.6% |
| 2022 | 63.08 billion | +80.5% |
| 2023 | 51.40 billion | -18.5% |
| 2024 | 46.70 billion | -9.1% |
Kuwait compared with similar countries
- Kuwait's 46.70 billion is above the median for high income countries, which is 547.38 million, 85.3× the median. (72 countries reporting)
- Kuwait's 46.70 billion is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 94.83 million, 492.5× the median. (20 countries reporting)
Biggest year-on-year movements
Years where Current account balance (credit less debit), Net (credits less) in Kuwait changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2017 | +1108.8% | 641.71 million | 7.76 billion |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 41.18 billion | 28.97 billion | 60.24 billion | 5 |
| 2010s | 37.70 billion | 641.71 million | 79.12 billion | 10 |
| 2020s | 43.63 billion | 22.03 billion | 63.08 billion | 5 |
Countries ranked near Kuwait
More financial sector data for Kuwait
- Reserve position in the IMF, US dollar, annual growth rate 11.16 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0044 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 142.41 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 5.86 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0032 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 103.99 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 11.16 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0044 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 142.41 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 5.86 % change on previous year (2025)
Frequently asked questions
- What is current account balance (credit less debit), net (credits less debits) in Kuwait?
- Current account balance (credit less debit), net (credits less debits) in Kuwait was 46.70 billion in 2024, according to International Monetary Fund.
- What is the highest current account balance (credit less debit), net (credits less debits) recorded in Kuwait?
- The highest recorded value was 79.12 billion in 2012.
- What is the lowest current account balance (credit less debit), net (credits less debits) recorded in Kuwait?
- The lowest recorded value was 641.71 million in 2016.
- How does Kuwait rank for current account balance (credit less debit), net (credits less debits)?
- Kuwait ranks 15th out of 198 countries with data for 2024.
- Is current account balance (credit less debit), net (credits less debits) rising or falling in Kuwait?
- Over the last ten years it is down 13.5%. The long-run trend across the full record is volatile.
- Where does this Kuwait data come from?
- The figures come from International Monetary Fund, published as part of Current account balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.