Terms of trade adjustment in Kuwait
Kuwait: Terms of trade adjustment was -4.52 billion constant LCU in 2024. ◆ Volatile
Terms of trade adjustment in Kuwait, 2010–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
The most recent figure for terms of trade adjustment in Kuwait is -4.52 billion constant LCU, measured in 2024.
Compared with earlier readings it is down 46.9% on the previous year and down 353.5% over ten years.
Over the whole period, terms of trade adjustment in Kuwait peaked at 7.08 billion constant LCU in 2012 and was at its lowest, -12.65 billion constant LCU, in 2016.
Kuwait ranks 132nd of 178 countries on this measure, 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 |
|---|---|---|---|---|
| 2010s | -2.25 billion constant LCU | -12.65 billion constant LCU | 7.08 billion constant LCU | 10 |
| 2020s | -4.56 billion constant LCU | -11.63 billion constant LCU | 1.21 billion constant 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 terms of trade adjustment in Kuwait?
- Terms of trade adjustment in Kuwait was -4.52 billion constant LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest terms of trade adjustment recorded in Kuwait?
- The highest recorded value was 7.08 billion constant LCU in 2012.
- What is the lowest terms of trade adjustment recorded in Kuwait?
- The lowest recorded value was -12.65 billion constant LCU in 2016.
- How does Kuwait rank for terms of trade adjustment?
- Kuwait ranks 132nd out of 178 countries with data for 2024.
- Is terms of trade adjustment rising or falling in Kuwait?
- Over the last ten years it is down 353.5%. 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 Terms of trade adjustment (constant LCU). Statizoid updates them automatically from the source API.
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About this data
The terms of trade adjustment is equal to the capacity to import (current price value of exports of goods and services deflated by the import price index) less exports of goods and services in constant prices. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.