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

  • 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)

  • Monetary gold
  • Special Drawing Rights
  • Reserve Position in the Fund
  • Foreign exchange

Data are subject to revisions.