Current Account Balance: Kuwait
Kuwait's current account balance is currently 24.4 % of GDP as of 2026. # Kuwait Current Account Balance Kuwait's current account balance stands at 24.
Current (2026)
24.4 % of GDP
-7.9% y/y
Peak (1981)
54.6 % of GDP
Low (1991)
-243 % of GDP
Source
IMF World Economic Outlook
1981–2026 · 50 pts
Current Account Balance — Kuwait
1981 — 2026
Current Account Balance — Kuwait
Analysis# Kuwait Current Account Balance
Kuwait's current account balance stands at 24.4% of GDP in 2026, reflecting a substantial decline from its 1981 peak of 54.6% but a dramatic recovery from the catastrophic 1991 low of -243%. Over the past 45 years, the metric has contracted 55.3% from its historical high, yet remains firmly positive and well above pre-2000s levels.
The most significant inflection point occurred between 1991 and the early 2000s, when Kuwait rebounded from near-total depletion following the Gulf War. A notable second surge emerged in 2021, climbing from 4.4% in 2020 to 25.2%, driven by elevated oil prices. The recent trajectory since 2022's peak of 34.4% shows a steady moderation, declining to 24.4% as projections extend through 2026, suggesting normalization toward long-term equilibrium as global energy markets stabilize.
Historical Data
50 Rows| Year | Value | Change % |
|---|---|---|
| 2030 | 19.2 % of GDP | -6.34% |
| 2029 | 20.5 % of GDP | -5.96% |
| 2028 | 21.8 % of GDP | -4.80% |
| 2027 | 22.9 % of GDP | -6.15% |
| 2026 | 24.4 % of GDP | -7.92% |
| 2025 | 26.5 % of GDP | -8.93% |
| 2024 | 29.1 % of GDP | -6.43% |
| 2023 | 31.1 % of GDP | -9.59% |
| 2022 | 34.4 % of GDP | +36.51% |
| 2021 | 25.2 % of GDP | +472.73% |
| 2020 | 4.4 % of GDP | -65.35% |
| 2019 | 12.7 % of GDP | -11.19% |
| 2018 | 14.3 % of GDP | +78.75% |
| 2017 | 8 % of GDP | +273.91% |
| 2016 | -4.6 % of GDP | -231.43% |
| 2015 | 3.5 % of GDP | -89.52% |
| 2014 | 33.4 % of GDP | -17.12% |
| 2013 | 40.3 % of GDP | -11.43% |
| 2012 | 45.5 % of GDP | +6.06% |
| 2011 | 42.9 % of GDP | +34.06% |
Show all 50 rows
| Year | Value | Change % |
|---|---|---|
| 2010 | 32 % of GDP | +19.85% |
| 2009 | 26.7 % of GDP | -34.72% |
| 2008 | 40.9 % of GDP | +13.61% |
| 2007 | 36 % of GDP | -19.28% |
| 2006 | 44.6 % of GDP | +19.89% |
| 2005 | 37.2 % of GDP | +41.98% |
| 2004 | 26.2 % of GDP | +32.99% |
| 2003 | 19.7 % of GDP | +75.89% |
| 2002 | 11.2 % of GDP | -53.14% |
| 2001 | 23.9 % of GDP | -38.56% |
| 2000 | 38.9 % of GDP | +131.55% |
| 1999 | 16.8 % of GDP | +97.65% |
| 1998 | 8.5 % of GDP | -67.18% |
| 1997 | 25.9 % of GDP | +14.60% |
| 1996 | 22.6 % of GDP | +22.16% |
| 1995 | 18.5 % of GDP | +43.41% |
| 1994 | 12.9 % of GDP | +24.04% |
| 1993 | 10.4 % of GDP | +552.17% |
| 1992 | -2.3 % of GDP | +99.05% |
| 1991 | -243 % of GDP | -1291.18% |
| 1990 | 20.4 % of GDP | -48.48% |
| 1989 | 39.6 % of GDP | +60.98% |
| 1988 | 24.6 % of GDP | +25.51% |
| 1987 | 19.6 % of GDP | -38.17% |
| 1986 | 31.7 % of GDP | +37.23% |
| 1985 | 23.1 % of GDP | -28.48% |
| 1984 | 32.3 % of GDP | +19.19% |
| 1983 | 27.1 % of GDP | +19.91% |
| 1982 | 22.6 % of GDP | -58.61% |
| 1981 | 54.6 % of GDP | — |
Related Data
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