Kuwait: Trade (% of GDP)
In , Kuwait's Trade (% of GDP) was 96.08.
That's up 5.7% from 2022, the highest value since .
The global average for this indicator in 2023 was 92.19 .
Source: World Bank Open Data (NE.TRD.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
- 102.79
- Trough
- 82.00
- 1-year change
- +5.7%
- 5-year change
- -6.5%
- -1.3% / yr
- 10-year change
- -1.6%
- -0.2% / yr
Historical Data — Last 10 Years
| Year | Trade (% of GDP) |
|---|---|
| 96.0798 | |
| 90.9204 | |
| 82.0019 | |
| 82.0125 | |
| 91.6857 | |
| 102.7856 | |
| 97.8400 | |
| 96.1577 | |
| 98.7000 | |
| 100.0372 |
About Trade (% of GDP)
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.
Indicator code: NE.TRD.GNFS.ZS • Category: Economy
Frequently asked questions
- What was Kuwait's Trade (% of GDP) in 2023?
- In 2023, Kuwait's Trade (% of GDP) was 96.08, according to World Bank Open Data.
- Is Kuwait's Trade (% of GDP) rising or falling?
- Kuwait's Trade (% of GDP) rose 5.7% from 2022 to 2023.
- How does Kuwait's Trade (% of GDP) compare to the world average?
- The global average for Trade (% of GDP) in 2023 was 92.19, so Kuwait is above the world average.
- What is Trade (% of GDP) and how is it measured?
- 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.
Source: World Bank Open Data (NE.TRD.GNFS.ZS), CC BY 4.0.