Current account balance (credit less debit), Percent of GDP (Balance) in Kuwait
Kuwait: Current account balance (credit less debit), Percent of GDP (Balance) was 19.17 in 2030. ▼ Falling
Current account balance (credit less debit), Percent of GDP (Balance) in Kuwait, 2000–2030
Source: International Monetary Fund.
Analysis
Kuwait recorded 19.17 for current account balance (credit less debit), percent of gdp (balance) in 2030.
Compared with earlier readings it is down 6.7% on the previous year and up 339.3% over ten years.
Over the whole period, current account balance (credit less debit), percent of gdp (balance) in Kuwait peaked at 45.46 in 2012 and was at its lowest, -4.63, in 2016.
That places Kuwait 1st out of 32 countries with data for 2030, putting it in the top 10%.
The long-run direction has been consistently falling across the 31 years of available data.
Current account balance (credit less debit), Percent of GDP (Balance) in Kuwait, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 38.9 | — |
| 2001 | 23.85 | -38.7% |
| 2002 | 11.16 | -53.2% |
| 2003 | 19.67 | +76.2% |
| 2004 | 26.22 | +33.3% |
| 2005 | 37.21 | +41.9% |
| 2006 | 44.61 | +19.9% |
| 2007 | 36.05 | -19.2% |
| 2008 | 40.87 | +13.4% |
| 2009 | 26.69 | -34.7% |
| 2010 | 32.04 | +20.1% |
| 2011 | 42.94 | +34.0% |
| 2012 | 45.46 | +5.9% |
| 2013 | 40.3 | -11.3% |
| 2014 | 33.44 | -17.0% |
| 2015 | 3.5 | -89.5% |
| 2016 | -4.63 | -232.1% |
| 2017 | 7.96 | -272.1% |
| 2018 | 14.34 | +80.1% |
| 2019 | 12.68 | -11.6% |
| 2020 | 4.36 | -65.6% |
| 2021 | 25.2 | +477.7% |
| 2022 | 34.39 | +36.5% |
| 2023 | 31.08 | -9.6% |
| 2024 | 29.15 | -6.2% |
| 2025 | 26.53 | -9.0% |
| 2026 | 24.43 | -7.9% |
| 2027 | 22.92 | -6.2% |
| 2028 | 21.76 | -5.0% |
| 2029 | 20.55 | -5.6% |
| 2030 | 19.17 | -6.7% |
Kuwait compared with similar countries
- Kuwait's 19.17 is above the median for high income countries, which is 6.79, 2.8× the median. (6 countries reporting)
- Kuwait's 19.17 is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is -0.3292. (20 countries reporting)
Biggest year-on-year movements
Years where Current account balance (credit less debit), Percent of GDP (Balance) 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 |
|---|---|---|---|
| 2021 | +477.7% | 4.36 | 25.2 |
| 2017 | +272.1% | -4.63 | 7.96 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 30.52 | 11.16 | 44.61 | 10 |
| 2010s | 22.8 | -4.63 | 45.46 | 10 |
| 2020s | 24.04 | 4.36 | 34.39 | 10 |
| 2030s | 19.17 | 19.17 | 19.17 | 1 |
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), percent of gdp (balance) in Kuwait?
- Current account balance (credit less debit), percent of gdp (balance) in Kuwait was 19.17 in 2030, according to International Monetary Fund.
- What is the highest current account balance (credit less debit), percent of gdp (balance) recorded in Kuwait?
- The highest recorded value was 45.46 in 2012.
- What is the lowest current account balance (credit less debit), percent of gdp (balance) recorded in Kuwait?
- The lowest recorded value was -4.63 in 2016.
- How does Kuwait rank for current account balance (credit less debit), percent of gdp (balance)?
- Kuwait ranks 1st out of 32 countries with data for 2030.
- Is current account balance (credit less debit), percent of gdp (balance) rising or falling in Kuwait?
- Over the last ten years it is up 339.3%. The long-run trend across the full record is falling.
- Where does this Kuwait data come from?
- The figures come from International Monetary Fund, published as part of Current account balance (credit less debit), Percent of GDP (Balance of Payments and International Investment Position Manual, Sixth Edition (BPM6)). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 31 observations, free to reuse under IMF Terms and Conditions (attribution required).
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.