Current account balance as a proportion of gdp in Kuwait
Kuwait: Current account balance as a proportion of gdp was 31.4 in 2023. ▼ Falling
Latest (2023)
31.4
Change on year
down 8.4%
World rank
2nd
of 191 countries
All-time high
45.46
in 2012
All-time low
0.59
in 2016
Years of data
24
2000–2023
Current account balance as a proportion of gdp in Kuwait, 2000–2023
Source: Our World in Data.
Analysis
In 2023, current account balance as a proportion of gdp in Kuwait stood at 31.4.
The figure is down 8.4% on the previous year and down 21.3% over ten years.
Over the whole period, current account balance as a proportion of gdp in Kuwait peaked at 45.46 in 2012 and was at its lowest, 0.59, in 2016.
Kuwait ranks 2nd of 191 countries on this measure, in the top 10%.
The long-run direction has been consistently falling across the 24 years of available data.
Current account balance as a proportion of gdp in Kuwait, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 38.9 | — |
| 2001 | 23.86 | -38.7% |
| 2002 | 11.18 | -53.1% |
| 2003 | 19.69 | +76.1% |
| 2004 | 26.09 | +32.5% |
| 2005 | 37.22 | +42.7% |
| 2006 | 44.62 | +19.9% |
| 2007 | 36.05 | -19.2% |
| 2008 | 40.87 | +13.4% |
| 2009 | 27.34 | -33.1% |
| 2010 | 32.05 | +17.2% |
| 2011 | 42.94 | +34.0% |
| 2012 | 45.46 | +5.9% |
| 2013 | 39.9 | -12.2% |
| 2014 | 33.18 | -16.8% |
| 2015 | 7.49 | -77.4% |
| 2016 | 0.59 | -92.1% |
| 2017 | 6.43 | +989.8% |
| 2018 | 17.35 | +169.8% |
| 2019 | 21.48 | +23.8% |
| 2020 | 19.84 | -7.6% |
| 2021 | 23.54 | +18.6% |
| 2022 | 34.29 | +45.7% |
| 2023 | 31.4 | -8.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 30.58 | 11.18 | 44.62 | 10 |
| 2010s | 24.69 | 0.59 | 45.46 | 10 |
| 2020s | 27.27 | 19.84 | 34.29 | 4 |
Countries ranked near Kuwait
- 1 Macau, China 37.02 compare
- 3 Marshall Islands 29.46 compare
- 4 Singapore 19.77 compare
- 5 Djibouti 17.53 compare
More economy & growth data for Kuwait
- 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)
- GNI, Atlas method (current US$), annual growth rate -1.33 % change on previous year (2024)
- GNI, Atlas method (current US$), per unit of GDP 1.25 current US$ per US$ of GDP (2024)
- GNI, Atlas method (current US$), per capita 41,111 current US$ per person (2024)
- GNI (current US$), annual growth rate -1.9 % change on previous year (2024)
- GNI (current US$), per unit of GDP 1.21 current US$ per US$ of GDP (2024)
- GNI (current US$), per capita 39,611 current US$ per person (2024)
- GNI (current LCU), annual growth rate -2.06 % change on previous year (2024)
- GNI (current LCU), per unit of GDP 0.3698 current LCU per US$ of GDP (2024)
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 31.4 in 2023, according to Our World in Data.
- What is the highest current account balance as a proportion of gdp recorded in Kuwait?
- The highest recorded value was 45.46 in 2012.
- What is the lowest current account balance as a proportion of gdp recorded in Kuwait?
- The lowest recorded value was 0.59 in 2016.
- How does Kuwait rank for current account balance as a proportion of gdp?
- Kuwait ranks 2nd out of 191 countries with data for 2023.
- Is current account balance as a proportion of gdp rising or falling in Kuwait?
- Over the last ten years it is down 21.3%. The long-run trend across the full record is falling.
- Where does this Kuwait data come from?
- The figures come from Our World in Data, published as part of Current account balance as a proportion of gdp. Statizoid updates them automatically from the source API.
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CSV · JSON — 24 observations, free to reuse under CC BY 4.0 (Our World in Data).