Kuwait: Imports of goods and services (% of GDP)
In , Kuwait's Imports of goods and services (% of GDP) was 38.35.
That's up 25.9% from 2022, the highest value since .
The global average for this indicator in 2023 was 47.94 .
Source: World Bank Open Data (NE.IMP.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
- 48.53
- Trough
- 24.17
- 1-year change
- +25.9%
- 5-year change
- -15.7%
- -3.4% / yr
- 10-year change
- +43.4%
- +3.7% / yr
Historical Data — Last 10 Years
| Year | Imports of goods and services (% of GDP) |
|---|---|
| 38.3496 | |
| 30.4711 | |
| 30.2756 | |
| 38.2994 | |
| 39.6275 | |
| 45.4742 | |
| 46.6437 | |
| 48.5254 | |
| 44.9346 | |
| 31.5317 |
About Imports of goods and services (% of GDP)
Imports of goods includes change in the economic ownership of goods from non-residents to residents of the compiling economy, irrespective of physical movement of goods across national borders. Imports of services includes services provided by non-residents to 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.IMP.GNFS.ZS • Category: Economy
Frequently asked questions
- What was Kuwait's Imports of goods and services (% of GDP) in 2023?
- In 2023, Kuwait's Imports of goods and services (% of GDP) was 38.35, according to World Bank Open Data.
- Is Kuwait's Imports of goods and services (% of GDP) rising or falling?
- Kuwait's Imports of goods and services (% of GDP) rose 25.9% from 2022 to 2023.
- How does Kuwait's Imports of goods and services (% of GDP) compare to the world average?
- The global average for Imports of goods and services (% of GDP) in 2023 was 47.94, so Kuwait is below the world average.
- What is Imports of goods and services (% of GDP) and how is it measured?
- Imports of goods includes change in the economic ownership of goods from non-residents to residents of the compiling economy, irrespective of physical movement of goods across national borders. Imports of services includes services provided by non-residents to 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.IMP.GNFS.ZS), CC BY 4.0.