Trade in Kuwait
Kuwait: Trade was 94.0% in 2024. ▼ Falling
Trade in Kuwait, 1965–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
Kuwait recorded 94.0% for trade in 2024.
The figure is down 2.1% on the previous year and down 6.0% over ten years.
Over the whole period, trade in Kuwait peaked at 142.6% in 1991 and was at its lowest, 81.2%, in 2002.
Kuwait ranks 76th of 192 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 60 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 89.8% | 87.8% | 92.4% | 5 |
| 1970s | 100.1% | 83.9% | 115.5% | 10 |
| 1980s | 100.5% | 89.7% | 112.6% | 10 |
| 1990s | 98.4% | 85.4% | 142.6% | 10 |
| 2000s | 88.6% | 81.2% | 92.7% | 10 |
| 2010s | 98.2% | 91.7% | 102.8% | 10 |
| 2020s | 89.0% | 82.0% | 96.0% | 5 |
Countries ranked near Kuwait
- 73 Cape Verde 95.3% compare
- 74 Bosnia and Herzegovina 95.1% compare
- 75 Mauritania 94.0% compare
- 77 Northern Mariana Islands 93.2% compare
- 78 Morocco 93.1% compare
- 79 Micronesia (country) 93.1% compare
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 trade in Kuwait?
- Trade in Kuwait was 94.0% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest trade recorded in Kuwait?
- The highest recorded value was 142.6% in 1991.
- What is the lowest trade recorded in Kuwait?
- The lowest recorded value was 81.2% in 2002.
- How does Kuwait rank for trade?
- Kuwait ranks 76th out of 192 countries with data for 2024.
- Is trade rising or falling in Kuwait?
- Over the last ten years it is down 6.0%. The long-run trend across the full record is falling.
- 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 Trade (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 60 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Trade is the sum of exports and imports of goods and services. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.