Current Account Balance in Kuwait
The current account balance in Kuwait averaged 23.9% of GDP in the decade to 2020, significantly above the Middle East & North Africa regional average of 4.7% GDP. The 2020 reading was 20.9% of GDP. For more current account information, visit our dedicated page.
Kuwait Current Account Chart
Note: This chart displays Current Account (% of GDP) for Kuwait from 2013 to 2023.
Source: Macrobond.
Kuwait Current Account Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Current Account Balance (% of GDP) | 19.9 | 23.5 | 34.4 | 31.1 | - |
| Current Account Balance (USD bn) | 22.1 | 34.9 | 63.1 | 51.4 | - |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Kuwaiti current account projections for the next ten years from a panel of 19 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable current account forecast available for Kuwaiti current account.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Kuwaiti current account projections.
Want to get access to the full dataset of Kuwaiti current account forecasts? Send an email to info@focus-economics.com.