- Kuwait projected to maintain the largest current account surplus in the GCC through 2025, albeit declining
- Heavy reliance on oil revenue and political gridlock hinder diversification and economic reforms
Kuwait City, Kuwait – Kuwait is set to retain the largest current account surplus in the Gulf Cooperation Council (GCC) region in 2024 and 2025, according to a report by the Institute of International Finance (IIF). Despite a decline from 28.4% of GDP in 2023 to an estimated 23.3% in 2024 and 18.1% in 2025, the surplus underscores the country’s strong fiscal position, supported by its oil wealth.
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