External balance on goods and services in Kuwait
Kuwait: External balance on goods and services was 8.65 billion current LCU in 2024. ◆ Volatile
External balance on goods and services in Kuwait, 1965–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
Kuwait recorded 8.65 billion current LCU for external balance on goods and services in 2024.
The figure is down 12.2% on the previous year and down 49.5% over ten years.
Over the whole period, external balance on goods and services in Kuwait peaked at 23.61 billion current LCU in 2012 and was at its lowest, -3.41 billion current LCU, in 1991.
That places Kuwait 53rd out of 192 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 327.80 million current LCU | 271.00 million current LCU | 353.00 million current LCU | 5 |
| 1970s | 1.47 billion current LCU | 366.40 million current LCU | 3.36 billion current LCU | 10 |
| 1980s | 992.48 million current LCU | -95.00 million current LCU | 3.41 billion current LCU | 10 |
| 1990s | -69.95 million current LCU | -3.41 billion current LCU | 1.24 billion current LCU | 10 |
| 2000s | 6.99 billion current LCU | 928.00 million current LCU | 16.18 billion current LCU | 10 |
| 2010s | 10.93 billion current LCU | -295.22 million current LCU | 23.61 billion current LCU | 10 |
| 2020s | 9.36 billion current LCU | 1.84 billion current LCU | 16.85 billion current LCU | 5 |
Countries ranked near Kuwait
More economy & growth data for Kuwait
- DEC alternative conversion factor 0.3065 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -4.47 billion current LCU (2024)
- Net secondary income (Net current transfers from abroad) -14.57 billion current US$ (2024)
- Taxes less subsidies on products -3.61 billion current LCU (2025)
- Taxes less subsidies on products -11.79 billion current US$ (2025)
- Net primary income (Net income from abroad) 10.15 billion current LCU (2024)
- Net primary income (Net income from abroad) 33.08 billion current US$ (2024)
- GNI per capita 12,148 current LCU (2024)
- GNI per capita, Atlas method 41,110 current US$ (2024)
- GNI 59.49 billion current LCU (2024)
Frequently asked questions
- What is external balance on goods and services in Kuwait?
- External balance on goods and services in Kuwait was 8.65 billion current LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest external balance on goods and services recorded in Kuwait?
- The highest recorded value was 23.61 billion current LCU in 2012.
- What is the lowest external balance on goods and services recorded in Kuwait?
- The lowest recorded value was -3.41 billion current LCU in 1991.
- How does Kuwait rank for external balance on goods and services?
- Kuwait ranks 53rd out of 192 countries with data for 2024.
- Is external balance on goods and services rising or falling in Kuwait?
- Over the last ten years it is down 49.5%. The long-run trend across the full record is volatile.
- Where does this Kuwait data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of External balance on goods and services (current LCU). Statizoid updates them automatically from the source API.
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About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.