Kuwait - Current Account Balance
Kuwait: Current Account Balance
| Mnemonic | TAB.IKWT | |
|---|---|---|
| Unit | Mil. KWD, NSA | |
| Adjustments | Not Seasonally Adjusted | |
| Annual | 397.35 % | |
| Data | 2021 | -2,606 |
| 2020 | 876.5 | |
Series Information
| Source | Central Bank of Kuwait |
| Release | Balance of Payments |
| Frequency | Annual |
| Start Date | 12/31/1993 |
| End Date | 12/31/2021 |
Kuwait: Trade
| Reference | Last | Previous | Units | Frequency | |
|---|---|---|---|---|---|
| Balance of Goods | 2022 Q2 | 5,888 | 4,793 | Mil. KWD, NSA | Quarterly |
| Exports of Goods | 2022 Q2 | 8,607 | 7,177 | Mil. KWD, NSA | Quarterly |
| Imports of Goods | 2022 Q2 | 2,718 | 2,383 | Mil. KWD, NSA | Quarterly |
| Current Account Balance | 2021 | -2,606 | 876.5 | Mil. KWD, NSA | Annual |
| Exports of Goods and Services | 2019 | 22,036 | 23,993 | Mil. KWD | Annual |
| Imports of Goods and Services | 2019 | 18,561 | 19,037 | Mil. KWD | Annual |
| Real Exports of Goods and Services | 2019 | 22,905 | 25,464 | Mil. 2010 KWD | Annual |
| Real Imports of Goods and Services | 2019 | 14,355 | 16,025 | Mil. 2010 KWD | Annual |
| Net Exports | 2017 | 843.3 | -295.3 | Mil. KWD | Annual |
| Real Net Exports | 2017 | 9,854 | 12,384 | Mil. 2010 KWD | Annual |
Release Information
The Kuwaiti balance of payments presentation mostly conforms to the classifications and definitions of the fifth edition of the IMF's "Balance of Payments Manual" ("BPM5").
The balance of payments transactions are classified largely in accordance with standard components of "BPM5". The standard components are classified in five main categories:
- Current account
- Capital account
- Financial account
- Net other transactions
- Reserves, a below the line item for the overall balance.
However, within the current account, there are problems in identifying:
(a) detailed service transactions
(b) income components for compensation of employees, direct investment, and portfolio investment.
Within the financial account, there are difficulties in measuring transactions of the nonfinancial private sector with respect to direct, portfolio, and other investments. Reserves are derived from the records of the CBK and thus exclude movements in accounts of the Kuwait Investment Authority, Kuwait Petroleum Corporation (KPC), and other assets that constitute official positions; these elements are distributed, as appropriate, in the financial account in "direct, portfolio", or "other investments".
Balance of payments data are compiled and disseminated on an annual basis approximately three to four months after the end of the reference period.
Within the five main categories, balance of payments transactions are classified as follows:
Current Account
Goods
Services
- Transportation
- Insurance
- Travel
- Other (Government services are identified as an 'Of which' item)
Income (identified by sector)
Current Transfers (identified by sector)
Capital Account
Financial Account
Direct Investment
Capital transfers (identified by sector) - Direct investment abroad
- Direct investment in Kuwait
Portfolio investment (Separate identification of assets and liabilities by sector) - Central Bank of Kuwait
- General Government
- Local banks
- Other sectors
Portfolio investment liabilities by sector - Central Bank of Kuwait
- General Government
- Local Banks
- Other sectors
Other investments (separate identification of assets and liabilities by sector) - Trade credits
- Loans (not available by maturity)
- Currency and deposits
- Other
Other, net (a residual item representing unrecorded counter part transactions)
Reserves - Monetary gold
- Special Drawing Rights
- Reserve Position in the Fund
- Foreign exchange
Data are subject to revisions.
