Current Account in Kuwait

Kuwait Current Account | Economic News & Forecasts

Kuwait - Current Account

Economic 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

2013  2014  2015  2016  2017  
Current Account (% of GDP)40.3  33.8  3.5  -4.5  6.3  

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Kuwait Current Account Chart


Kuwait Current Account
Note: Current account balance as % of GDP.
Source: Central Bank of Kuwait and FocusEconomics calculations.

Kuwait Facts

ValueChangeDate
Exchange Rate0.30-0.05 %Mar 11

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