Current account balance as a proportion of GDP (%) in Kuwait
Kuwait: Current account balance as a proportion of GDP (%) was 29.1% in 2024. ▼ Falling
Current account balance as a proportion of GDP in Kuwait, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
Kuwait recorded 29.1% for current account balance as a proportion of gdp in 2024.
The figure is down 6.2% on the previous year and down 12.2% over ten years.
Over the whole period, current account balance as a proportion of gdp in Kuwait peaked at 45.5% in 2012 and was at its lowest, 0.6%, in 2016.
That places Kuwait 2nd out of 205 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently falling across the 25 years of available data.
Current account balance as a proportion of GDP (%) in Kuwait, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 38.9% | — |
| 2001 | 23.9% | -38.7% |
| 2002 | 11.2% | -53.1% |
| 2003 | 19.7% | +76.0% |
| 2004 | 26.1% | +32.5% |
| 2005 | 37.2% | +42.6% |
| 2006 | 44.6% | +19.9% |
| 2007 | 36.1% | -19.2% |
| 2008 | 40.9% | +13.4% |
| 2009 | 27.3% | -33.1% |
| 2010 | 32.0% | +17.2% |
| 2011 | 42.9% | +34.0% |
| 2012 | 45.5% | +5.9% |
| 2013 | 39.9% | -12.2% |
| 2014 | 33.2% | -16.8% |
| 2015 | 7.5% | -77.4% |
| 2016 | 0.6% | -92.2% |
| 2017 | 6.4% | +995.8% |
| 2018 | 17.3% | +169.9% |
| 2019 | 21.5% | +23.8% |
| 2020 | 19.8% | -7.6% |
| 2021 | 23.6% | +18.7% |
| 2022 | 34.4% | +45.9% |
| 2023 | 31.1% | -9.6% |
| 2024 | 29.1% | -6.2% |
Kuwait compared with similar countries
- Kuwait's 29.1% is above the median for high income countries, which is 1.6%, 18.4× the median. (69 countries reporting)
- Kuwait's 29.1% is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is -0.2%. (20 countries reporting)
Biggest year-on-year movements
Years where Current account balance as a proportion of GDP (%) 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 | +995.8% | 0.6% | 6.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 30.6% | 11.2% | 44.6% | 10 |
| 2010s | 24.7% | 0.6% | 45.5% | 10 |
| 2020s | 27.6% | 19.8% | 34.4% | 5 |
Countries ranked near Kuwait
- 1 Marshall Islands 29.2% compare
- 3 San Marino 22.0% compare
- 4 Singapore 17.5% compare
- 5 Ireland 17.4% compare
More economy & growth data for Kuwait
- Real gdp growth, annual growth rate 10.23 % change on previous year (2024)
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.82 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.61 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 5.56 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0284 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 916.14 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.517 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0207 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 668.96 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 2.97 % change on previous year (2025)
Frequently asked questions
- What is current account balance as a proportion of gdp in Kuwait?
- Current account balance as a proportion of gdp in Kuwait was 29.1% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest current account balance as a proportion of gdp recorded in Kuwait?
- The highest recorded value was 45.5% in 2012.
- What is the lowest current account balance as a proportion of gdp recorded in Kuwait?
- The lowest recorded value was 0.6% in 2016.
- How does Kuwait rank for current account balance as a proportion of gdp?
- Kuwait ranks 2nd out of 205 countries with data for 2024.
- Is current account balance as a proportion of gdp rising or falling in Kuwait?
- Over the last ten years it is down 12.2%. The long-run trend across the full record is falling.
- Where does this Kuwait data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Current account balance as a proportion of GDP (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under UN SDG Global Database (open, attribution requested).