Kuwait—External Balance on Goods & Services (% of GDP)
Kuwait's external balance on goods & services (% of GDP) was 19.4% in 2023, ranking #12 out of 185 countries. This represents a -35.4% change from 2022. Over the past 24 years, the highest recorded value was 48.5% (2012) and the lowest was -0.9% (2016). Data sourced from the World Bank World Development Indicators.
Historical Data
| Year | Value | Change |
|---|---|---|
| 2023 | 19.4% | -35.4% |
| 2022 | 30.0% | +39.8% |
| 2021 | 21.5% | +296.2% |
| 2020 | 5.4% | -56.4% |
| 2019 | 12.4% | +5.0% |
| 2018 | 11.8% | +160.0% |
| 2017 | 4.6% | +609.7% |
| 2016 | -0.9% | -110.1% |
| 2015 | 8.8% | -76.1% |
| 2014 | 37.0% | -16.2% |
| 2013 | 44.1% | -8.9% |
| 2012 | 48.5% | +2.4% |
| 2011 | 47.3% | +30.3% |
| 2010 | 36.3% | +20.8% |
| 2009 | 30.1% | -26.4% |
| 2008 | 40.8% | +16.3% |
| 2007 | 35.1% | -15.2% |
| 2006 | 41.4% | +15.9% |
| 2005 | 35.7% | +45.5% |
| 2004 | 24.5% | +39.2% |
| 2003 | 17.6% | +120.2% |
| 2002 | 8.0% | -49.2% |
| 2001 | 15.8% | -40.1% |
| 2000 | 26.3% |
Top Countries — External Balance on Goods & Services (% of GDP)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Macao SAR, China | 45.4% | 2025 |
| 2 | Ireland | 40.2% | 2025 |
| 3 | Qatar | 37.0% | 2022 |
| 4 | Singapore | 35.4% | 2025 |
| 5 | Luxembourg | 31.2% | 2025 |
| 6 | San Marino | 31.0% | 2023 |
| 7 | Bermuda | 30.1% | 2024 |
| 8 | Gabon | 26.1% | 2025 |
| 9 | Brunei Darussalam | 19.5% | 2025 |
| 10 | Malta | 19.2% | 2025 |
About This Indicator
Definition
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 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.
Methodology
Data compiled by Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB).