Kuwait Total Trade of Goods & Services: % of Nominal GDP

1962 - 2023 | Yearly | % | CEIC Data

Key information about Kuwait Total Trade of Goods and Services: % of Nominal GDP

  • Kuwait Total Trade of Goods & Services: % of Nominal GDP recorded 96.080 % in Dec 2023, compared with 90.919 % in the previous year.
  • Kuwait Total Trade of Goods & Services: % of Nominal GDP data is updated yearly, available from Dec 1962 to Dec 2023, with an averaged value of 94.689 %.
  • The data reached an all-time high of 267.407 % in Dec 1991 and a record low of 57.795 % in Dec 1969.

CEIC calculates annual Total Trade of Goods and Services as % of Nominal GDP from annual Total Trade of Goods and Services and annual Nominal GDP. Central Statistical Bureau provides Total Trade of Goods and Services in local currency and Nominal GDP in local currency.

View Kuwait's Total Trade of Goods & Services: % of Nominal GDP from 1962 to 2023 in the chart:

Kuwait Total Trade of Goods & Services: % of Nominal GDP

What was Kuwait's Total Trade of Goods & Services: % of Nominal GDP in 2023?

Kuwait Total Trade of Goods & Services: % of Nominal GDP recorded 96.080 % in Dec 2023, compared with 90.919 % in the previous year. See the table below for more data.

Last Previous Min Max Unit Frequency Range
96.080 2023 90.919 2022 57.795 1969 267.407 1991 % yearly 1962 - 2023

Total Trade of Goods & Services: % of Nominal GDP by Country Comparison

country/region Last Frequency Range
Albania (%) 95.333 Sep 2025 quarterly Mar 1995 - Sep 2025
Algeria (%) 40.135 2024 yearly 1950 - 2024
Argentina (%) 27.642 Jun 2025 quarterly Mar 1993 - Jun 2025
Armenia (%) 94.306 Sep 2025 quarterly Dec 1994 - Sep 2025
Australia (%) 46.802 Sep 2025 quarterly Sep 1959 - Sep 2025
Austria (%) 106.804 Sep 2025 quarterly Mar 1964 - Sep 2025
Azerbaijan (%) 78.116 Sep 2025 quarterly Mar 2001 - Sep 2025
Bahrain (%) 157.483 2024 yearly 1975 - 2024
Bangladesh (%) 28.039 2025 yearly 1960 - 2025
Belarus (%) 103.096 Sep 2025 quarterly Mar 1995 - Sep 2025
Belgium (%) 153.500 Sep 2025 quarterly Mar 1980 - Sep 2025
Bolivia (%) 42.770 Dec 2024 quarterly Mar 1990 - Dec 2024
Bosnia and Herzegovina (%) 92.005 Sep 2025 quarterly Mar 2000 - Sep 2025
Botswana (%) 68.209 Sep 2025 quarterly Mar 1994 - Sep 2025
Brazil (%) 35.784 Sep 2025 quarterly Mar 1996 - Sep 2025
Brunei (%) 122.297 Sep 2025 quarterly Mar 2004 - Sep 2025
Bulgaria (%) 94.372 Sep 2025 quarterly Mar 1995 - Sep 2025
Cambodia (%) 147.753 2022 yearly 1988 - 2022
Canada (%) 59.399 Sep 2025 quarterly Mar 1961 - Sep 2025
Chile (%) 66.252 Sep 2025 quarterly Mar 1990 - Sep 2025
China (%) 37.936 Sep 2025 quarterly Mar 1998 - Sep 2025
Colombia (%) 36.219 Sep 2025 quarterly Mar 2005 - Sep 2025
Croatia (%) 107.493 Sep 2025 quarterly Mar 1995 - Sep 2025
Cyprus (%) 189.446 Sep 2025 quarterly Mar 1995 - Sep 2025
Czech Republic (%) 122.111 Sep 2025 quarterly Mar 1995 - Sep 2025
Denmark (%) 132.854 Sep 2025 quarterly Mar 1977 - Sep 2025
Ecuador (%) 59.811 Sep 2025 quarterly Mar 1991 - Sep 2025
Egypt (%) 59.730 Jun 2025 quarterly Sep 2001 - Jun 2025
Estonia (%) 153.873 Sep 2025 quarterly Mar 1995 - Sep 2025
European Union (%) 95.846 Jun 2025 quarterly Mar 1995 - Jun 2025
Finland (%) 83.214 Sep 2025 quarterly Mar 1970 - Sep 2025
France (%) 67.814 Sep 2025 quarterly Mar 1975 - Sep 2025
Georgia (%) 101.230 Sep 2025 quarterly Mar 1996 - Sep 2025
Germany (%) 78.060 Sep 2025 quarterly Mar 1991 - Sep 2025
Ghana (%) 69.788 2024 yearly 2006 - 2024
Greece (%) 83.822 Jun 2025 quarterly Mar 1995 - Jun 2025
Hong Kong SAR, China (%) 390.649 Sep 2025 quarterly Mar 1973 - Sep 2025
Hungary (%) 133.563 Sep 2025 quarterly Mar 1995 - Sep 2025
Iceland (%) 83.000 Sep 2025 quarterly Mar 1995 - Sep 2025
India (%) 46.637 Sep 2025 quarterly Jun 1996 - Sep 2025
Indonesia (%) 43.806 Sep 2025 quarterly Mar 1993 - Sep 2025
Iran (%) 49.507 2024 yearly 1959 - 2024
Ireland (%) 241.362 Sep 2025 quarterly Mar 1995 - Sep 2025
Israel (%) 52.050 Sep 2025 quarterly Mar 1995 - Sep 2025
Italy (%) 62.609 Sep 2025 quarterly Mar 1980 - Sep 2025
Ivory Coast (%) 49.586 2024 yearly 1960 - 2024
Japan (%) 44.140 Sep 2025 quarterly Mar 1955 - Sep 2025
Jordan (%) 90.741 2023 yearly 1967 - 2023
Kazakhstan (%) 59.688 Jun 2025 quarterly Mar 1994 - Jun 2025
Kenya (%) 40.186 2024 yearly 1964 - 2024
South Korea (%) 85.224 Sep 2025 quarterly Mar 1960 - Sep 2025
Kosovo (%) 116.812 Jun 2025 quarterly Mar 2010 - Jun 2025
Kuwait (%) 96.080 2023 yearly 1962 - 2023
Kyrgyzstan (%) 98.747 Sep 2016 quarterly Mar 2000 - Sep 2016
Laos (%) 75.092 2016 yearly 1984 - 2016
Latvia (%) 129.057 Sep 2025 quarterly Mar 1992 - Sep 2025
Lebanon (%) 88.548 2023 yearly 1990 - 2023
Lithuania (%) 137.173 Sep 2025 quarterly Mar 1995 - Sep 2025
Luxembourg (%) 347.828 Jun 2025 quarterly Mar 1995 - Jun 2025
Macau SAR, China (%) 140.704 Sep 2025 quarterly Mar 1998 - Sep 2025
North Macedonia (%) 127.517 Sep 2025 quarterly Mar 2000 - Sep 2025
Malawi (%) 42.438 2023 yearly 1960 - 2023
Malaysia (%) 133.839 Sep 2025 quarterly Mar 1991 - Sep 2025
Malta (%) 216.476 Sep 2025 quarterly Mar 1992 - Sep 2025
Mauritius (%) 140.677 Sep 2025 quarterly Mar 1999 - Sep 2025
Mexico (%) 79.635 Sep 2025 quarterly Mar 1993 - Sep 2025
Moldova (%) 91.718 Jun 2025 quarterly Mar 1995 - Jun 2025
Mongolia (%) 148.220 Sep 2025 quarterly Mar 2005 - Sep 2025
Montenegro (%) 109.125 Sep 2025 quarterly Mar 2006 - Sep 2025
Morocco (%) 96.323 Sep 2025 quarterly Mar 2007 - Sep 2025
Mozambique (%) 95.659 2024 yearly 1991 - 2024
Myanmar (%) 40.754 2023 yearly 2018 - 2023
Nepal (%) 41.969 2025 yearly 1969 - 2025
Netherlands (%) 152.254 Sep 2025 quarterly Mar 1987 - Sep 2025
New Zealand (%) 51.814 Sep 2025 quarterly Jun 1987 - Sep 2025
Nigeria (%) 43.197 Dec 2024 quarterly Mar 2010 - Dec 2024
Norway (%) 80.542 Sep 2025 quarterly Mar 1978 - Sep 2025
Oman (%) 118.999 2024 yearly 1980 - 2024
Pakistan (%) 27.163 2025 yearly 2000 - 2025
Palestinian Territory (%) 75.145 Sep 2025 quarterly Mar 2011 - Sep 2025
Panama (%) 89.138 2024 yearly 1960 - 2024
Paraguay (%) 81.441 Sep 2025 quarterly Mar 1994 - Sep 2025
Peru (%) 51.352 Sep 2025 quarterly Mar 1980 - Sep 2025
Philippines (%) 74.020 Sep 2025 quarterly Mar 1981 - Sep 2025
Poland (%) 96.793 Sep 2025 quarterly Mar 1995 - Sep 2025
Portugal (%) 89.154 Sep 2025 quarterly Mar 1977 - Sep 2025
Qatar (%) 98.917 Dec 2023 quarterly Mar 2013 - Dec 2023
Romania (%) 70.536 Sep 2025 quarterly Mar 1995 - Sep 2025
Russia (%) 33.073 Sep 2025 quarterly Mar 1995 - Sep 2025
Saudi Arabia (%) 58.206 Sep 2025 quarterly Mar 2003 - Sep 2025
Serbia (%) 112.511 Sep 2025 quarterly Mar 1995 - Sep 2025
Singapore (%) 331.294 Sep 2025 quarterly Mar 1975 - Sep 2025
Slovakia (%) 155.064 Sep 2025 quarterly Mar 1990 - Sep 2025
Slovenia (%) 147.344 Sep 2025 quarterly Mar 1995 - Sep 2025
South Africa (%) 63.009 Sep 2025 quarterly Mar 1960 - Sep 2025
Spain (%) 70.504 Jun 2024 quarterly Mar 1980 - Jun 2024
Sri Lanka (%) 42.797 Sep 2025 quarterly Mar 2010 - Sep 2025
Sudan (%) 41.636 2019 yearly 1996 - 2019
Sweden (%) 103.892 Sep 2025 quarterly Mar 1980 - Sep 2025
Switzerland (%) 139.971 Sep 2025 quarterly Mar 1980 - Sep 2025

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Kuwait Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -2.1 2024 yearly 1988 - 2024
Consolidated Fiscal Balance (USD mn) -3,440.015 2024 yearly 1988 - 2024
Tax Revenue (USD mn) 128.142 Dec 2015 monthly Sep 2003 - Dec 2015
Tax Revenue: % of GDP (%) 1.2 2024 yearly 1986 - 2024
National Government Debt (USD mn) 6,701.5 Nov 2025 monthly Dec 1993 - Nov 2025
Government Debt: % of GDP (%) 1.1 Jun 2025 quarterly Dec 2010 - Jun 2025
Forecast: Government Expenditure (KWD bn) 29.719 2030 yearly 1985 - 2030
Forecast: Government Net Debt (KWD bn) 14.274 2030 yearly 1991 - 2030
Forecast: Government Revenue (KWD bn) 44.112 2030 yearly 1985 - 2030
Public Debt (KWD mn) 2,050.000 Nov 2025 monthly Dec 1993 - Nov 2025
Government Fiscal Balance: ytd (KWD mn) -1,561.505 Mar 2024 monthly Apr 2018 - Mar 2024
Government Revenue: ytd: Non Oil: Tax and Fees (KWD mn) 550.910 Mar 2024 monthly Apr 2018 - Mar 2024
Government Expenditure: ytd: Purchases of Non Financial Assets (KWD mn) 336.796 Sep 2024 monthly Apr 2018 - Sep 2024
Government Revenue: ytd: Non Oil (KWD mn) 2,116.770 Mar 2024 monthly Apr 2018 - Mar 2024
Government Revenue: ytd (KWD mn) 23,644.325 Mar 2024 monthly Apr 2018 - Mar 2024
Government Expenditure: ytd: Current (KWD mn) 9,630.195 Sep 2024 monthly Apr 2018 - Sep 2024
Government Expenditure: ytd (KWD mn) 9,966.991 Sep 2024 monthly Apr 2018 - Sep 2024
Government Revenue (KWD mn) 13,633.900 2016 yearly 1987 - 2016
Government Revenue: Tax (KWD mn) 486.000 2016 yearly 1987 - 2016
Government Expenditure: Capital (KWD mn) 226.000 2016 yearly 1989 - 2016
Government Expenditure (KWD mn) 18,245.900 2016 yearly 1989 - 2016
Government Expenditure: Current (KWD mn) 12,125.900 2016 yearly 1989 - 2016
Government Surplus/Deficit (KWD mn) -1,561.505 2024 yearly 1989 - 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 2.994 2028 yearly 1980 - 2028
Trade Balance (USD mn) 2,691.8 Aug 2025 monthly Jan 1993 - Aug 2025
Total Exports (USD mn) 5,966.7 Aug 2025 monthly Jan 1993 - Aug 2025
Total Exports Growth (%) -1.9 Aug 2025 monthly Jan 1994 - Aug 2025
Aluminum: Exports (USD th) 50,049.855 2024 yearly 1995 - 2024
Exports: Medicament (USD th) 347,503.397 2024 yearly 1995 - 2024
Exports: Medicinal and Pharmaceutical Product (USD th) 4,176.130 2024 yearly 1995 - 2024
Total Imports (USD mn) 3,274.9 Aug 2025 monthly Jan 1992 - Aug 2025
Total Imports Growth (%) 5.2 Aug 2025 monthly Jan 1993 - Aug 2025
Imports: Medicament (USD th) 1,308,449.500 2024 yearly 1995 - 2024
Imports: Medicinal and Pharmaceutical Product (USD th) 650,043.407 2024 yearly 1995 - 2024
Total Exports to USA (USD mn) 2.831 Sep 2025 monthly Sep 1991 - Sep 2025
Total Imports from USA (USD mn) 247.061 Aug 2025 monthly Jan 2017 - Aug 2025
Total Exports to China (USD mn) 63.239 Aug 2025 monthly Jan 2017 - Aug 2025
Total Imports from China (USD mn) 640.016 Aug 2025 monthly Jan 2017 - Aug 2025
Exports: FOB: Growth Rate: YoY (%) -1.947 Aug 2025 monthly Apr 2020 - Aug 2025
Trade Balance: Quarterly (KWD mn) 2,789.603 Dec 2018 quarterly Mar 1973 - Dec 2018
Exports: SITC: Other Manufactured Articles (KWD mn) 36.800 Sep 2018 quarterly Sep 2014 - Sep 2018
Exports: SITC: Food and Live Animals (KWD mn) 39.900 Sep 2018 quarterly Sep 2014 - Sep 2018
Import Value Index (2015=100) 102.988 2021 yearly 1980 - 2021
Export Value Index (2015=100) 116.639 2021 yearly 1980 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 3,480.1 Sep 2025 quarterly Mar 2012 - Sep 2025
Current Account Balance (USD mn) 8,835.6 Sep 2025 quarterly Mar 2012 - Sep 2025
Current Account Balance: % of GDP (%) 21.5 Jun 2025 quarterly Mar 2012 - Jun 2025
Foreign Direct Investment (USD mn) 175.0 Sep 2025 quarterly Mar 2012 - Sep 2025
Foreign Direct Investment: % of GDP (%) 0.5 Jun 2025 quarterly Mar 2012 - Jun 2025
Foreign Portfolio Investment (USD mn) 182.526 Sep 2025 quarterly Mar 2012 - Sep 2025
Foreign Portfolio Investment: % of GDP (%) 2.9 Jun 2025 quarterly Mar 2012 - Jun 2025
Foreign Portfolio Investment: Equity Securities (USD mn) 421.4 Sep 2025 quarterly Mar 2012 - Sep 2025
Foreign Portfolio Investment: Debt Securities (USD mn) -238.889 Sep 2025 quarterly Mar 2012 - Sep 2025
External Debt (USD mn) 74,413.4 Sep 2025 quarterly Mar 2018 - Sep 2025
External Debt: % of GDP (%) 41.5 2024 yearly 2014 - 2024
Forecast: Current Account Balance (USD bn) 26.022 2030 yearly 1980 - 2030
Net International Investment Position (USD mn) 116,734.177 2024 yearly 2001 - 2024
BoP: FA: Portfolio Investment: Assets (KWD mn) -1,260.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: FA: OT: Liabilities (KWD mn) 1,389.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: CA: Secondary Income: Credit (KWD mn) 0.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: FA: Reserve Assets: Central Bank of Kuwait (CBK) (KWD mn) 448.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: FA: OT: Assets (KWD mn) -2,795.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: Capital Account: Debit (KWD mn) 5.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: FA: Portfolio Investment: Liabilities (KWD mn) 10.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: CA: Primary Income: Debit (KWD mn) 0.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: CA: Debit (KWD mn) 0.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: FA: Portfolio Investment: Liabilities: Debt Instruments (KWD mn) 0.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: Net Errors and Omissions (KWD mn) 493.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: FA: Financial Derivatives: Liabilities (KWD mn) 40.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: FA: Financial Derivatives: Assets (KWD mn) -36.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: FA: Other Investments (OT) (KWD mn) -1,407.000 Sep 2018 quarterly Mar 2012 - Sep 2018
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.6 Sep 2025 quarterly Mar 2011 - Sep 2025
Household Debt: % of GDP (%) 0.9 Jun 2025 quarterly Dec 2010 - Jun 2025
Money Supply M1 (USD mn) 34,579.146 Oct 2025 monthly Jan 1994 - Oct 2025
Money Supply M2 (USD mn) 137,467.671 Oct 2025 monthly Jan 1994 - Oct 2025
M2 Growth (%) 3.3 Nov 2025 monthly Jan 1995 - Nov 2025
Foreign Exchange Reserves (USD mn) 35,573.1 Nov 2025 monthly Jan 1964 - Nov 2025
Foreign Exchange Reserves: % of GDP (%) 26.539 Jun 2025 quarterly Dec 2010 - Jun 2025
Foreign Exchange Reserves: Months of Import (NA) 11.8 Jun 2025 quarterly Mar 1973 - Jun 2025
Gold Reserves (USD mn) 103.629 Nov 2025 monthly Dec 1961 - Nov 2025
Total Deposits (USD mn) 193,069.631 Nov 2025 monthly Jan 1994 - Nov 2025
Total Deposits Growth (%) 10.0 Nov 2025 monthly Jan 1995 - Nov 2025
Domestic Credit (USD mn) 155,599.5 Nov 2025 monthly Jan 1994 - Nov 2025
Domestic Credit Growth (%) 16.7 Oct 2025 monthly Jan 1995 - Oct 2025
Household Debt (USD mn) 1,442.6 Nov 2025 monthly Jan 2002 - Nov 2025
Total Loans (USD mn) 174,134.685 Nov 2025 monthly Jan 1994 - Nov 2025
Total Loans Growth (%) 8.30 Oct 2025 monthly Jan 1995 - Oct 2025
Private Debt: % of Nominal GDP (%) 103.67 Jun 2025 quarterly Dec 2010 - Jun 2025
Monetary Survey: CBK and Local Banks: Money Supply M2 (KWD mn) 42,039.000 Nov 2025 monthly Jan 1994 - Nov 2025
Money Supply: M3: M2: M1: Currency in Circulation (KWD mn) 1,616.800 Nov 2025 monthly Jan 1994 - Nov 2025
Money Supply: M3 (KWD mn) 42,039.000 Nov 2025 monthly Jan 1994 - Nov 2025
Monetary Survey: CBK and Local Banks: Money Supply M2: M1 (KWD mn) 10,649.300 Nov 2025 monthly Jan 1994 - Nov 2025
Local Banks Time Deposits (KWD mn) 75,243.400 Nov 2025 monthly Jan 1994 - Nov 2025

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