Kuwait: Exports of goods and services (% of GDP)
In , Kuwait's Exports of goods and services (% of GDP) was 57.73.
That's down 4.5% from 2022, the highest value since .
The global average for this indicator in 2023 was 44.26 .
Source: World Bank Open Data (NE.EXP.GNFS.ZS) • Data as of 2023
Trend (2005–2023)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 74.73
- Trough
- 43.71
- 1-year change
- -4.5%
- 5-year change
- +0.7%
- +0.1% / yr
- 10-year change
- -18.5%
- -2.0% / yr
Historical Data — Last 10 Years
| Year | Exports of goods and services (% of GDP) |
|---|---|
| 57.7302 | |
| 60.4493 | |
| 51.7264 | |
| 43.7131 | |
| 52.0583 | |
| 57.3115 | |
| 51.1963 | |
| 47.6323 | |
| 53.7654 | |
| 68.5055 |
About Exports of goods and services (% of GDP)
Exports of goods includes changes in the economic ownership of goods from residents of the compiling economy to non-residents, irrespective of physical movement of goods across national borders. Exports of services includes services provided by residents to non-residents. 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.
Indicator code: NE.EXP.GNFS.ZS • Category: Economy
Frequently asked questions
- What was Kuwait's Exports of goods and services (% of GDP) in 2023?
- In 2023, Kuwait's Exports of goods and services (% of GDP) was 57.73, according to World Bank Open Data.
- Is Kuwait's Exports of goods and services (% of GDP) rising or falling?
- Kuwait's Exports of goods and services (% of GDP) fell 4.5% from 2022 to 2023.
- How does Kuwait's Exports of goods and services (% of GDP) compare to the world average?
- The global average for Exports of goods and services (% of GDP) in 2023 was 44.26, so Kuwait is above the world average.
- What is Exports of goods and services (% of GDP) and how is it measured?
- Exports of goods includes changes in the economic ownership of goods from residents of the compiling economy to non-residents, irrespective of physical movement of goods across national borders. Exports of services includes services provided by residents to non-residents. 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.
Source: World Bank Open Data (NE.EXP.GNFS.ZS), CC BY 4.0.