Kuwait Current Account to GDP
Kuwait recorded a Current Account surplus of 38.80 percent of the country's Gross Domestic Product in 2013. Current Account to GDP in Kuwait averaged 20.20 Percent from 1980 until 2013, reaching an all time high of 54.57 Percent in 1981 and a record low of -242.19 Percent in 1991. Current Account to GDP in Kuwait is reported by the Central Bank of Kuwait.
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The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - Kuwait Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.