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 is reported by the Central Bank of Kuwait. 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. 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. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
38.80 43.23 54.57 -242.19 38.00 | 2014/12 1980 - 2013 Percent Yearly

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Kuwait Current Account to GDP
LIST BY COUNTRY

Trade Last Previous Highest Lowest Forecast Unit
Capital Flows -9338.00 2010-06-30 -7293.00 920.00 -14165.00 -8993.55 2010-12-31 KWD Million [+]
Crude Oil Production 2650.00 2013-12-15 2650.00 3768.00 0.00 2649.81 2013-11-30 Thousands Barrels per Day [+]
Remittances 4412.00 2012-06-29 3660.00 4412.00 371.00 4467.74 2012-12-31 KWD Million [+]
Tourist Arrivals 5729.00 2012-06-29 5574.00 5729.00 1443.00 5742.04 2012-12-31 Thousand [+]
Balance of Trade 5926.40 2013-11-15 6543.40 7030.10 25.30 6121.44 2014-03-31 KWD Million [+]
Current Account 5581.00 2013-09-30 5109.00 22170.00 675.00 -4127.35 2013-12-31 KWD Million [+]
Current Account to GDP 38.80 2013-12-31 43.23 54.57 -242.19 38.00 2014-12-31 Percent [+]
Exports 8141.70 2013-11-15 8527.50 8855.40 647.50 8317.56 2014-03-31 KWD Million [+]
Imports 2215.30 2013-11-15 1984.10 2215.30 440.00 2229.12 2014-03-31 KWD Million [+]
[+]


Current Account to GDP | Notes
The Current account balance as a percent of GDP provides an indication on the level of international competiveness 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.


RELATED NEWS

Kuwait Capital Flows at -9338.00 KWD Million  
Capital Flows in Kuwait decreased to -9338 KWD Million in 2010 from -7293 KWD Million in 2009. Capital Flows in Kuwait is reported by the Central Bank of Kuwait.
Kuwait Consumer Spending at 11348.80 KWD Million  
Consumer Spending in Kuwait increased to 11348.80 KWD Million in 2012 from 10319 KWD Million in 2011. Consumer Spending in Kuwait is reported by the Central Bank of Kuwait.
Kuwait Crude Oil Production at 2650.00 Thousands Barrels per Day  
Crude Oil Production in Kuwait remained unchanged at 2650 Thousands Barrels per Day in December of 2013 from 2650 Thousands Barrels per Day in November of 2013. Crude Oil Production in Kuwait is reported by the U.S. Energy Information Administration.
Kuwait GDP Constant Prices at 19245.40 KWD Million  
GDP Constant Prices in Kuwait increased to 19245.40 KWD Million in 2011 from 18104.20 KWD Million in 2010. GDP Constant Prices in Kuwait is reported by the Central Bank Of Kuwait.
Kuwait Government Budget Value at -6066.30 KWD Million  
Kuwait recorded a government budget deficit of 6066.30 KWD Million in March of 2013. Government Budget Value in Kuwait is reported by the Central Bank Of Kuwait.
Kuwait Government Spending at 7775.40 KWD Million  
Government Spending in Kuwait increased to 7775.40 KWD Million in 2012 from 6626.40 KWD Million in 2011. Government Spending in Kuwait is reported by the Central Bank of Kuwait.
Kuwait Gross Fixed Capital Formation at 7746.40 KWD Million  
Gross Fixed Capital Formation in Kuwait increased to 7746.40 KWD Million in 2012 from 7261.60 KWD Million in 2011. Gross Fixed Capital Formation in Kuwait is reported by the Central Bank Of Kuwait.
Kuwait Producer Prices at 123.40 Index Points  
Producer Prices in Kuwait decreased to 123.40 Index Points in December of 2013 from 123.90 Index Points in November of 2013. Producer Prices in Kuwait is reported by the Central Bank of Kuwait.
Kuwait Remittances at 4412.00 KWD Million  
Remittances in Kuwait increased to 4412 KWD Million in 2012 from 3660 KWD Million in 2011. Remittances in Kuwait is reported by the Central Bank of Kuwait.
Kuwait Tourist Arrivals at 5729.00 Thousand  
Tourist Arrivals in Kuwait increased to 5729 Thousand in 2012 from 5574 Thousand in 2011. Tourist Arrivals in Kuwait is reported by the The Statistical, Economic and Social Research and Training Centre for Islamic Countries.
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