Kuwait Current Account Balance: % of GDP

2012 - 2020 | Quarterly | % | CEIC Data

Key information about Kuwait Current Account Balance: % of GDP

  • Kuwait Current Account surplus accounted for 0.5 % of the country's Nominal GDP in Dec 2020, compared with a 29.4 % surplus in the previous quarter.
  • Kuwait Current Account Balance: % of Nominal GDP data is updated quarterly, available from Mar 2012 to Dec 2020, with an average value of 22.2 %.
  • The data reached an all-time high of 65.2 % in Jun 2020 and a record low of -12.2 % 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 8.1 USD bn in Sep 2020.
  • Foreign Direct Investment (FDI) increased by 60.8 USD mn in Sep 2020.
  • Kuwait Direct Investment Abroad expanded by 2.4 USD bn in Sep 2021.
  • Its Foreign Portfolio Investment increased by 507.0 USD mn in Sep 2021.
  • The country's Nominal GDP was reported at 25.8 USD bn in Sep 2020.

View Kuwait's Current Account Balance: % of GDP from Mar 2012 to Dec 2020 in the chart:

Kuwait Current Account Balance: % of GDP

What was Kuwait's Current Account Balance: % of GDP in Dec 2020?

Kuwait Current Account surplus accounted for 0.5 % of the country's Nominal GDP in Dec 2020, compared with a 29.4 % surplus in the previous quarter. See the table below for more data.

Last Previous Min Max Unit Frequency Range
0.5 Dec 2020 29.4 Sep 2020 -12.2 Mar 2016 65.2 Jun 2020 % quarterly Mar 2012 - Dec 2020

Current Account Balance: % of GDP by Country Comparison

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Includes Current Account Balance: % of GDP on 115 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (%) -13.3 Dec 2021 quarterly Mar 2008 - Dec 2021
Algeria (%) -6.9 Dec 2019 quarterly Mar 2007 - Dec 2019
Argentina (%) 0.3 Dec 2021 quarterly Mar 2004 - Dec 2021
Armenia (%) -9.3 Dec 2021 quarterly Dec 1994 - Dec 2021
Australia (%) 2.3 Dec 2021 quarterly Sep 1959 - Dec 2021
Austria (%) -0.1 Dec 2021 quarterly Mar 1970 - Dec 2021
Azerbaijan (%) 25.5 Dec 2021 quarterly Mar 2013 - Dec 2021
Bahrain (%) 10.7 Dec 2021 quarterly Mar 2018 - Dec 2021
Bangladesh (%) -0.9 2021 yearly 1998 - 2021
Belarus (%) 4.7 Dec 2021 quarterly Mar 1996 - Dec 2021
Belgium (%) -4.5 Dec 2021 quarterly Mar 1995 - Dec 2021
Bolivia (%) -1.4 Dec 2021 quarterly Mar 1990 - Dec 2021
Bosnia and Herzegovina (%) -2.5 Dec 2021 quarterly Mar 2008 - Dec 2021
Botswana (%) 2.8 Sep 2021 quarterly Mar 2004 - Sep 2021
Brazil (%) -4.1 Dec 2021 quarterly Mar 1995 - Dec 2021
Brunei (%) -20.4 Dec 2020 quarterly Mar 2013 - Dec 2020
Bulgaria (%) -6.8 Dec 2021 quarterly Sep 1999 - Dec 2021
Cambodia (%) -54.9 Dec 2021 quarterly Mar 2010 - Dec 2021
Canada (%) -0.1 Dec 2021 quarterly Mar 1957 - Dec 2021
Chile (%) -9.3 Dec 2021 quarterly Mar 1996 - Dec 2021
China (%) 2.1 Mar 2022 quarterly Mar 1998 - Mar 2022
Colombia (%) -7.0 Dec 2021 quarterly Mar 1996 - Dec 2021
Croatia (%) -3.1 Dec 2021 quarterly Mar 1995 - Dec 2021
Cyprus (%) -2.0 Dec 2021 quarterly Mar 2008 - Dec 2021
Czech Republic (%) -3.3 Dec 2021 quarterly Mar 1995 - Dec 2021
Denmark (%) 10.3 Dec 2021 quarterly Mar 1990 - Dec 2021
Ecuador (%) 2.6 Dec 2021 quarterly Mar 1993 - Dec 2021
Egypt (%) -5.3 Jun 2021 quarterly Sep 2001 - Jun 2021
Estonia (%) -11.3 Dec 2020 quarterly Mar 2000 - Dec 2020
European Union (%) 1.1 Dec 2021 quarterly Mar 1999 - Dec 2021
Finland (%) 0.1 Dec 2021 quarterly Mar 1990 - Dec 2021
France (%) -2.4 Mar 2022 quarterly Mar 1997 - Mar 2022
Georgia (%) -9.6 Dec 2021 quarterly Mar 1996 - Dec 2021
Germany (%) 7.7 Dec 2020 quarterly Mar 1991 - Dec 2020
Ghana (%) -4.1 Sep 2020 quarterly Mar 2006 - Sep 2020
Greece (%) -10.7 Dec 2021 quarterly Mar 2000 - Dec 2021
Hong Kong SAR, China (%) 12.8 Dec 2021 quarterly Mar 1999 - Dec 2021
Hungary (%) -5.8 Dec 2021 quarterly Mar 1995 - Dec 2021
Iceland (%) -5.1 Dec 2021 quarterly Mar 1995 - Dec 2021
India (%) -2.7 Dec 2021 quarterly Jun 2004 - Dec 2021
Indonesia (%) 0.4 Dec 2021 quarterly Mar 1993 - Dec 2021
Iran (%) 0.6 2020 yearly 1997 - 2020
Ireland (%) 1.4 Dec 2021 quarterly Mar 1995 - Dec 2021
Israel (%) 6.1 Dec 2021 quarterly Mar 1995 - Dec 2021
Italy (%) 0.8 Dec 2021 quarterly Mar 1980 - Dec 2021
Ivory Coast (%) -3.2 2021 yearly 1975 - 2021
Japan (USD mn) 4,481.0 Feb 2022 monthly Jan 1996 - Feb 2022
Jordan (%) -7.8 Sep 2021 quarterly Mar 1992 - Sep 2021
Kazakhstan (%) -2.9 Sep 2021 quarterly Dec 1997 - Sep 2021
Kenya (%) -6.2 Sep 2021 quarterly Mar 2009 - Sep 2021
South Korea (USD mn) 9,261.4 Feb 2021 monthly Jan 1980 - Feb 2021
Kosovo (%) -18.5 Dec 2021 quarterly Mar 2010 - Dec 2021
Kuwait (%) 0.5 Dec 2020 quarterly Mar 2012 - Dec 2020
Kyrgyzstan (%) -24.7 Dec 2021 quarterly Mar 2000 - Dec 2021
Laos (%) 1.8 2021 yearly 1984 - 2021
Latvia (%) 2.4 Dec 2021 quarterly Mar 1995 - Dec 2021
Lebanon (%) -21.2 2019 yearly 2002 - 2019
Lithuania (%) 1.2 Dec 2021 quarterly Mar 1993 - Dec 2021
Luxembourg (%) -6.5 Dec 2021 quarterly Mar 1995 - Dec 2021
Macau SAR, China (%) 15.2 2020 yearly 2002 - 2020
North Macedonia (%) -10.2 Dec 2021 quarterly Mar 2000 - Dec 2021
Malawi (%) -12.0 2020 yearly 1977 - 2020
Malaysia (%) 3.6 Dec 2021 quarterly Mar 2000 - Dec 2021
Malta (%) -6.0 Dec 2021 quarterly Mar 1995 - Dec 2021
Mauritius (%) -15.7 Dec 2021 quarterly Mar 2007 - Dec 2021
Mexico (%) 0.9 Dec 2021 quarterly Mar 1993 - Dec 2021
Moldova (%) -8.9 Dec 2021 quarterly Mar 1995 - Dec 2021
Mongolia (%) -4.3 Dec 2021 quarterly Mar 2000 - Dec 2021
Montenegro (%) -15.3 Dec 2021 quarterly Mar 2010 - Dec 2021
Morocco (%) -1.4 Dec 2021 quarterly Mar 2014 - Dec 2021
Mozambique (%) -19.7 2019 yearly 1980 - 2019
Nepal (%) -7.8 2021 yearly 2001 - 2021
Netherlands (%) 6.7 Dec 2021 quarterly Mar 1987 - Dec 2021
New Zealand (%) -7.3 Dec 2021 quarterly Jun 1987 - Dec 2021
Nigeria (%) -3.2 Sep 2020 quarterly Mar 2008 - Sep 2020
Norway (%) 21.6 Dec 2021 quarterly Mar 1981 - Dec 2021
Oman (%) -11.7 2020 yearly 1980 - 2020
Pakistan (%) -0.6 2021 yearly 1977 - 2021
Palestinian Territory (%) -7.2 Dec 2020 quarterly Mar 2011 - Dec 2020
Panama (%) -3.5 Dec 2021 quarterly Mar 2007 - Dec 2021
Paraguay (%) -8.8 Dec 2021 quarterly Mar 2000 - Dec 2021
Peru (%) -2.2 Dec 2021 quarterly Mar 1980 - Dec 2021
Philippines (%) -3.5 Dec 2021 quarterly Mar 1981 - Dec 2021
Poland (%) -2.9 Dec 2021 quarterly Mar 2000 - Dec 2021
Portugal (%) -1.6 Dec 2021 quarterly Mar 1996 - Dec 2021
Qatar (%) 0.2 Dec 2020 quarterly Mar 2011 - Dec 2020
Romania (%) -7.5 Sep 2021 quarterly Mar 1995 - Sep 2021
Russia (%) 8.7 Dec 2021 quarterly Mar 1994 - Dec 2021
Saudi Arabia (%) 11.7 Dec 2021 quarterly Mar 2006 - Dec 2021
Serbia (%) -6.8 Dec 2021 quarterly Mar 2007 - Dec 2021
Singapore (%) 18.6 Dec 2021 quarterly Mar 1986 - Dec 2021
Slovakia (%) -3.8 Dec 2021 quarterly Mar 1997 - Dec 2021
Slovenia (%) 1.0 Dec 2021 quarterly Mar 1995 - Dec 2021
South Africa (%) 1.9 Dec 2021 quarterly Mar 1960 - Dec 2021
Spain (%) 1.5 Dec 2021 quarterly Mar 1980 - Dec 2021
Sri Lanka (%) -5.0 Dec 2021 quarterly Mar 2002 - Dec 2021
Sudan (%) -8.0 2020 yearly 1977 - 2020
Sweden (%) 4.7 Dec 2021 quarterly Mar 1980 - Dec 2021
Switzerland (%) 7.4 Dec 2021 quarterly Mar 1983 - Dec 2021

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Kuwait Key Series

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Includes 191 key indicators for Kuwait, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -9.6 2019 yearly 1988 - 2019
Consolidated Fiscal Balance (USD mn) -35,254.149 2020 yearly 1988 - 2020
Tax Revenue (USD mn) 128.142 Dec 2015 monthly Sep 2003 - Dec 2015
Tax Revenue: % of GDP (%) 1.3 2019 yearly 1986 - 2019
National Government Debt (USD mn) 1,982.2 Feb 2022 monthly Dec 1993 - Feb 2022
Government Debt: % of GDP (%) 3.2 Sep 2020 quarterly Dec 2010 - Sep 2020
Forecast: Government Expenditure (KWD bn) 24.751 2027 yearly 1990 - 2027
Forecast: Government Net Debt (KWD bn) 13.132 2027 yearly 1991 - 2027
Forecast: Government Revenue (KWD bn) 28.437 2027 yearly 1990 - 2027
Government Expenditure: ytd: Purchases of Non Financial Assets (KWD mn) 1,402.323 Feb 2022 monthly Apr 2018 - Feb 2022
Government Revenue: ytd: Non Oil (KWD mn) 1,711.965 Feb 2022 monthly Apr 2018 - Feb 2022
Government Fiscal Balance: ytd (KWD mn) -401.505 Feb 2022 monthly Apr 2018 - Feb 2022
Government Expenditure: ytd: Current (KWD mn) 14,978.234 Feb 2022 monthly Apr 2018 - Feb 2022
Government Revenue: ytd (KWD mn) 15,979.052 Feb 2022 monthly Apr 2018 - Feb 2022
Government Revenue: ytd: Non Oil: Tax and Fees (KWD mn) 383.685 Feb 2022 monthly Apr 2018 - Feb 2022
Government Expenditure: ytd (KWD mn) 16,380.557 Feb 2022 monthly Apr 2018 - Feb 2022
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: Capital (KWD mn) 226.000 2016 yearly 1989 - 2016
Government Expenditure: Current (KWD mn) 12,125.900 2016 yearly 1989 - 2016
Government Surplus/Deficit (KWD mn) -10,772.490 2021 yearly 1989 - 2021
Public Debt (KWD mn) 500.000 Mar 2022 monthly Dec 1993 - Mar 2022
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 2.861 2027 yearly 1980 - 2027
Trade Balance (USD mn) 1,817.0 Mar 2021 monthly Jan 1993 - Mar 2021
Total Exports (USD mn) 4,090.9 Dec 2020 monthly Jan 1993 - Dec 2020
Total Exports Growth (%) -29.9 Dec 2020 monthly Jan 1994 - Dec 2020
Aluminum: Exports (USD th) 8,792.473 2020 yearly 1995 - 2020
Exports: Medicament (USD th) 36,500.470 2020 yearly 1995 - 2020
Exports: Medicinal and Pharmaceutical Product (USD th) 1,725.653 2020 yearly 1995 - 2020
Total Imports (USD mn) 2,427.0 Feb 2021 monthly Jan 1992 - Feb 2021
Total Imports Growth (%) -5.9 Dec 2020 monthly Jan 1993 - Dec 2020
Imports: Medicament (USD th) 821,416.568 2020 yearly 1995 - 2020
Imports: Medicinal and Pharmaceutical Product (USD th) 268,529.091 2020 yearly 1995 - 2020
Total Exports to USA (USD mn) 0.143 Oct 2020 monthly Jan 1973 - Oct 2020
Total Imports from USA (USD mn) 242.817 Dec 2020 monthly Jan 2017 - Dec 2020
Total Exports to China (USD mn) 31.662 Feb 2021 monthly Jan 2017 - Feb 2021
Total Imports from China (USD mn) 456.091 Jan 2021 monthly Jan 2017 - Jan 2021
Trade Balance: Quarterly (KWD mn) 2,789.603 Dec 2018 quarterly Mar 1973 - Dec 2018
Exports: SITC: Food and Live Animals (KWD mn) 39.900 Sep 2018 quarterly Sep 2014 - Sep 2018
Exports: SITC: Other Manufactured Articles (KWD mn) 36.800 Sep 2018 quarterly Sep 2014 - Sep 2018
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 2,366.0 Sep 2021 quarterly Mar 2012 - Sep 2021
Current Account Balance (USD mn) 8,084.3 Sep 2020 quarterly Mar 2012 - Sep 2020
Current Account Balance: % of GDP (%) 0.5 Dec 2020 quarterly Mar 2012 - Dec 2020
Foreign Direct Investment (USD mn) 60.8 Sep 2020 quarterly Mar 2012 - Sep 2020
Foreign Direct Investment: % of GDP (%) 0.2 Sep 2020 quarterly Mar 2012 - Sep 2020
Foreign Portfolio Investment (USD mn) 506.970 Sep 2021 quarterly Mar 2012 - Sep 2021
Foreign Portfolio Investment: % of GDP (%) -0.9 Sep 2020 quarterly Mar 2012 - Sep 2020
Foreign Portfolio Investment: Equity Securities (USD mn) 39.5 Sep 2020 quarterly Mar 2012 - Sep 2020
Foreign Portfolio Investment: Debt Securities (USD mn) -274.691 Sep 2020 quarterly Mar 2012 - Sep 2020
External Debt (USD mn) 53,819.1 Sep 2020 quarterly Mar 2018 - Sep 2020
External Debt: % of GDP (%) 50.5 2020 yearly 2014 - 2020
Forecast: Current Account Balance (USD bn) 13.480 2026 yearly 1980 - 2026
Net International Investment Position (USD mn) 93,856.844 2019 yearly 2001 - 2019
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: CA: Primary Income: Debit (KWD mn) 0.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: CA: Secondary Income: Credit (KWD mn) 0.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: Net Errors and Omissions (KWD mn) 493.000 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: OT: Liabilities (KWD mn) 1,389.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: FA: Portfolio Investment: Liabilities (KWD mn) 10.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: Capital Account: Debit (KWD mn) 5.000 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: Reserve Assets: Central Bank of Kuwait (CBK) (KWD mn) 448.000 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: FA: Financial Derivatives: Assets (KWD mn) -36.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: FA: Other Investments (OT) (KWD mn) -1,407.000 Sep 2018 quarterly Mar 2012 - Sep 2018
Number of Investment Companies (Unit) 43.000 Mar 2022 monthly Mar 2005 - Mar 2022
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.8 Sep 2019 quarterly Mar 2017 - Sep 2019
Household Debt: % of GDP (%) 1.3 Sep 2020 quarterly Dec 2010 - Sep 2020
Money Supply M1 (USD mn) 42,043.608 Feb 2022 monthly Jan 1994 - Feb 2022
Money Supply M2 (USD mn) 132,507.433 Feb 2022 monthly Jan 1994 - Feb 2022
M2 Growth (%) 3.9 Feb 2022 monthly Jan 1995 - Feb 2022
Foreign Exchange Reserves (USD mn) 40,769.4 Feb 2022 monthly Jan 1964 - Feb 2022
Foreign Exchange Reserves: % of GDP (%) 40.595 Sep 2020 quarterly Dec 2010 - Sep 2020
Foreign Exchange Reserves: Months of Import (NA) 20.9 Jun 2020 quarterly Mar 1973 - Jun 2020
Gold Reserves (USD mn) 104.864 Feb 2022 monthly Dec 1961 - Feb 2022
Total Deposits (USD mn) 150,196.895 Feb 2022 monthly Jan 1994 - Feb 2022
Total Deposits Growth (%) 3.4 Feb 2021 monthly Jan 1995 - Feb 2021
Domestic Credit (USD mn) 127,525.2 Mar 2022 monthly Jan 1994 - Mar 2022
Domestic Credit Growth (%) 11.2 Feb 2022 monthly Jan 1995 - Feb 2022
Household Debt (USD mn) 1,726.8 Feb 2022 monthly Jan 2002 - Feb 2022
Total Loans (USD mn) 132,579.427 Feb 2021 monthly Jan 1994 - Feb 2021
Total Loans Growth (%) 2.87 Apr 2021 monthly Jan 1995 - Apr 2021
Private Debt: % of Nominal GDP (%) 114.09 Sep 2020 quarterly Dec 2010 - Sep 2020
Monetary Survey: CBK and Local Banks: Money Supply M2: M1 (KWD mn) 13,140.400 Mar 2022 monthly Jan 1994 - Mar 2022
Money Supply: M3: M2: M1: Currency in Circulation (KWD mn) 1,781.100 Mar 2022 monthly Jan 1994 - Mar 2022
Money Supply: M3 (KWD mn) 40,588.700 Mar 2022 monthly Jan 1994 - Mar 2022
Monetary Survey: CBK and Local Banks: Money Supply M2 (KWD mn) 40,588.700 Mar 2022 monthly Jan 1994 - Mar 2022
Local Banks Time Deposits (KWD mn) 46,625.700 Mar 2022 monthly Jan 1994 - Mar 2022

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