Current Account in Kuwait
Kuwait - Current AccountEconomic growth is likely to have been subdued in Q4 2018 on freefalling oil prices and a small drop in oil output. In brighter news, the government is on track to privatize certain sectors—including telecommunications, postal, and telephone services—as part of broader efforts to diversify the economy away from an overreliance on oil. This should help resolve debt issues and trim public expenditure by bringing down the government wage bill, while also encouraging Kuwaiti nationals to take up employment in the private sector.
Kuwait - Current Account Data
|Current Account (% of GDP)||40.3||33.8||3.5||-4.5||6.3|
5 years of economic forecasts for more than 30 economic indicators.
Kuwait Current Account Chart
Source: Central Bank of Kuwait and FocusEconomics calculations.
|Exchange Rate||0.30||-0.05 %||Mar 11|
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