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

1962 - 2024 | 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 93.991 % in Dec 2024, compared with 96.034 % in the previous year.
  • Kuwait Total Trade of Goods & Services: % of Nominal GDP data is updated yearly, available from Dec 1962 to Dec 2024, with an averaged value of 90.127 %.
  • 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 2024 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 2024?

Kuwait Total Trade of Goods & Services: % of Nominal GDP recorded 93.991 % in Dec 2024, compared with 96.034 % in the previous year. See the table below for more data.

Last Previous Min Max Unit Frequency Range
93.991 2024 96.034 2023 57.795 1969 267.407 1991 % yearly 1962 - 2024

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

country/region Last Frequency Range
Albania (%) 75.038 Dec 2025 quarterly Mar 1995 - Dec 2025
Algeria (%) 40.135 2024 yearly 1950 - 2024
Argentina (%) 31.911 Dec 2025 quarterly Mar 1993 - Dec 2025
Armenia (%) 87.394 Dec 2025 quarterly Dec 1994 - Dec 2025
Australia (%) 46.220 Mar 2026 quarterly Sep 1959 - Mar 2026
Austria (%) 110.989 Mar 2026 quarterly Mar 1964 - Mar 2026
Azerbaijan (%) 78.822 Dec 2025 quarterly Mar 2001 - Dec 2025
Bahrain (%) 157.483 2024 yearly 1975 - 2024
Bangladesh (%) 27.951 2025 yearly 1960 - 2025
Belarus (%) 110.722 Dec 2025 quarterly Mar 1995 - Dec 2025
Belgium (%) 155.967 Mar 2026 quarterly Mar 1980 - Mar 2026
Bolivia (%) 42.770 Dec 2024 quarterly Mar 1990 - Dec 2024
Bosnia and Herzegovina (%) 90.924 Dec 2025 quarterly Mar 2000 - Dec 2025
Botswana (%) 69.640 Dec 2025 quarterly Mar 1994 - Dec 2025
Brazil (%) 32.597 Mar 2026 quarterly Mar 1996 - Mar 2026
Brunei (%) 117.971 Dec 2025 quarterly Mar 2004 - Dec 2025
Bulgaria (%) 108.943 Mar 2026 quarterly Mar 1995 - Mar 2026
Cambodia (%) 147.753 2022 yearly 1988 - 2022
Canada (%) 59.399 Sep 2025 quarterly Mar 1961 - Sep 2025
Chile (%) 63.491 Dec 2025 quarterly Mar 1990 - Dec 2025
China (%) 36.774 Dec 2025 quarterly Mar 1998 - Dec 2025
Colombia (%) 32.249 Mar 2026 quarterly Mar 2005 - Mar 2026
Croatia (%) 96.053 Mar 2026 quarterly Mar 1995 - Mar 2026
Cyprus (%) 191.969 Mar 2026 quarterly Mar 1995 - Mar 2026
Czech Republic (%) 123.763 Dec 2025 quarterly Mar 1995 - Dec 2025
Denmark (%) 130.138 Mar 2026 quarterly Mar 1977 - Mar 2026
Ecuador (%) 60.049 Dec 2025 quarterly Mar 1991 - Dec 2025
Egypt (%) 44.860 Dec 2025 quarterly Sep 2001 - Dec 2025
Estonia (%) 158.272 Mar 2026 quarterly Mar 1995 - Mar 2026
European Union (%) 92.730 Dec 2025 quarterly Mar 1995 - Dec 2025
Finland (%) 83.075 Dec 2025 quarterly Mar 1970 - Dec 2025
France (%) 66.530 Mar 2026 quarterly Mar 1975 - Mar 2026
Georgia (%) 99.472 Dec 2025 quarterly Mar 1996 - Dec 2025
Germany (%) 77.841 Mar 2026 quarterly Mar 1991 - Mar 2026
Ghana (%) 7.869 2025 yearly 2006 - 2025
Greece (%) 79.838 Dec 2025 quarterly Mar 1995 - Dec 2025
Hong Kong SAR, China (%) 415.687 Dec 2025 quarterly Mar 1973 - Dec 2025
Hungary (%) 156.716 Mar 2026 quarterly Mar 1995 - Mar 2026
Iceland (%) 70.651 Mar 2026 quarterly Mar 1995 - Mar 2026
India (%) 44.760 Mar 2026 quarterly Jun 1996 - Mar 2026
Indonesia (%) 41.505 Mar 2026 quarterly Mar 1993 - Mar 2026
Iran (%) 49.507 2024 yearly 1959 - 2024
Ireland (%) 262.249 Dec 2025 quarterly Mar 1995 - Dec 2025
Israel (%) 53.326 Mar 2026 quarterly Mar 1995 - Mar 2026
Italy (%) 59.566 Dec 2025 quarterly Mar 1980 - Dec 2025
Ivory Coast (%) 49.586 2024 yearly 1960 - 2024
Japan (%) 46.053 Mar 2026 quarterly Mar 1955 - Mar 2026
Jordan (%) 90.741 2023 yearly 1967 - 2023
Kazakhstan (%) 50.379 Dec 2025 quarterly Mar 1994 - Dec 2025
Kenya (%) 37.521 2025 yearly 1964 - 2025
South Korea (%) 94.245 Mar 2026 quarterly Mar 1960 - Mar 2026
Kosovo (%) 100.817 Dec 2025 quarterly Mar 2010 - Dec 2025
Kuwait (%) 93.991 2024 yearly 1962 - 2024
Kyrgyzstan (%) 98.747 Sep 2016 quarterly Mar 2000 - Sep 2016
Laos (%) 75.092 2016 yearly 1984 - 2016
Latvia (%) 119.913 Dec 2025 quarterly Mar 1992 - Dec 2025
Lebanon (%) 87.912 2024 yearly 1990 - 2024
Lithuania (%) 137.416 Dec 2025 quarterly Mar 1995 - Dec 2025
Luxembourg (%) 355.260 Mar 2026 quarterly Mar 1995 - Mar 2026
Macau SAR, China (%) 136.803 Dec 2025 quarterly Mar 1998 - Dec 2025
North Macedonia (%) 151.976 Mar 2026 quarterly Mar 2000 - Mar 2026
Malawi (%) 42.438 2023 yearly 1960 - 2023
Malaysia (%) 137.293 Mar 2026 quarterly Mar 1991 - Mar 2026
Malta (%) 216.476 Sep 2025 quarterly Mar 1992 - Sep 2025
Mauritius (%) 134.828 Dec 2025 quarterly Mar 1999 - Dec 2025
Mexico (%) 80.360 Dec 2025 quarterly Mar 1993 - Dec 2025
Moldova (%) 91.718 Jun 2025 quarterly Mar 1995 - Jun 2025
Mongolia (%) 128.153 Mar 2026 quarterly Mar 2005 - Mar 2026
Montenegro (%) 99.599 Dec 2025 quarterly Mar 2006 - Dec 2025
Morocco (%) 92.271 Dec 2025 quarterly Mar 2007 - Dec 2025
Mozambique (%) 95.659 2024 yearly 1991 - 2024
Myanmar (%) 40.754 2023 yearly 2018 - 2023
Nepal (%) 41.969 2025 yearly 1969 - 2025
Netherlands (%) 145.219 Mar 2026 quarterly Mar 1987 - Mar 2026
New Zealand (%) 52.825 Dec 2025 quarterly Jun 1987 - Dec 2025
Nigeria (%) 43.197 Dec 2024 quarterly Mar 2010 - Dec 2024
Norway (%) 76.638 Mar 2026 quarterly Mar 1978 - Mar 2026
Oman (%) 118.999 2024 yearly 1980 - 2024
Pakistan (%) 27.308 2025 yearly 2000 - 2025
Palestinian Territory (%) 76.654 Dec 2025 quarterly Mar 2011 - Dec 2025
Panama (%) 83.674 2024 yearly 1960 - 2024
Paraguay (%) 69.612 Dec 2025 quarterly Mar 1994 - Dec 2025
Peru (%) 54.751 Mar 2026 quarterly Mar 1980 - Mar 2026
Philippines (%) 74.696 Mar 2026 quarterly Mar 1981 - Mar 2026
Poland (%) 100.096 Mar 2026 quarterly Mar 1995 - Mar 2026
Portugal (%) 86.275 Mar 2026 quarterly Mar 1977 - Mar 2026
Qatar (%) 98.917 Dec 2023 quarterly Mar 2013 - Dec 2023
Romania (%) 65.788 Dec 2025 quarterly Mar 1995 - Dec 2025
Russia (%) 30.641 Dec 2025 quarterly Mar 1995 - Dec 2025
Saudi Arabia (%) 54.469 Mar 2026 quarterly Mar 2003 - Mar 2026
Serbia (%) 108.286 Dec 2025 quarterly Mar 1995 - Dec 2025
Singapore (%) 345.795 Mar 2026 quarterly Mar 1975 - Mar 2026
Slovakia (%) 175.339 Mar 2026 quarterly Mar 1990 - Mar 2026
Slovenia (%) 154.419 Mar 2026 quarterly Mar 1995 - Mar 2026
South Africa (%) 59.826 Dec 2025 quarterly Mar 1960 - Dec 2025
Spain (%) 70.504 Jun 2024 quarterly Mar 1980 - Jun 2024
Sri Lanka (%) 42.782 Dec 2025 quarterly Mar 2010 - Dec 2025
Sudan (%) 41.636 2019 yearly 1996 - 2019
Sweden (%) 105.513 Mar 2026 quarterly Mar 1980 - Mar 2026
Switzerland (%) 156.068 Mar 2026 quarterly Mar 1980 - Mar 2026

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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) -20,623.986 2025 yearly 1988 - 2025
Tax Revenue (USD mn) 128.142 Dec 2015 monthly Sep 2003 - Dec 2015
Tax Revenue: % of GDP (%) 1.3 2025 yearly 1986 - 2025
National Government Debt (USD mn) 9,943.0 Apr 2026 monthly Dec 1993 - Apr 2026
Government Debt: % of GDP (%) 4.7 Dec 2025 quarterly Dec 2010 - Dec 2025
Forecast: Government Expenditure (KWD bn) 29.604 2031 yearly 1985 - 2031
Forecast: Government Net Debt (KWD bn) 23.230 2031 yearly 1991 - 2031
Forecast: Government Revenue (KWD bn) 47.224 2031 yearly 1985 - 2031
Government Expenditure: ytd: Purchases of Non Financial Assets (KWD mn) 1,134.847 Mar 2025 monthly Apr 2018 - Mar 2025
Government Expenditure: ytd: Current (KWD mn) 21,978.132 Mar 2025 monthly Apr 2018 - Mar 2025
Government Expenditure: ytd (KWD mn) 23,112.979 Mar 2025 monthly Apr 2018 - Mar 2025
Government Surplus/Deficit (KWD mn) -6,306.500 2026 yearly 1989 - 2026
Public Debt (KWD mn) 3,050.000 Apr 2026 monthly Dec 1993 - Apr 2026
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 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 (KWD mn) 18,245.900 2016 yearly 1989 - 2016
Government Revenue (KWD mn) 13,633.900 2016 yearly 1987 - 2016
Government Revenue: Tax (KWD mn) 486.000 2016 yearly 1987 - 2016
Government Expenditure: Current (KWD mn) 12,125.900 2016 yearly 1989 - 2016
Government Expenditure: Capital (KWD mn) 226.000 2016 yearly 1989 - 2016
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 2.994 2028 yearly 1980 - 2028
Trade Balance (USD mn) 1,929.4 Feb 2026 monthly Jan 1993 - Feb 2026
Total Exports (USD mn) 5,437.9 Feb 2026 monthly Jan 1993 - Feb 2026
Total Exports Growth (%) -7.2 Feb 2026 monthly Jan 1994 - Feb 2026
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) 3,508.5 Feb 2026 monthly Jan 1992 - Feb 2026
Total Imports Growth (%) 12.8 Feb 2026 monthly Jan 1993 - Feb 2026
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) 2.331 Feb 2026 monthly Sep 1991 - Feb 2026
Total Imports from USA (USD mn) 212.800 Feb 2026 monthly Jan 2017 - Feb 2026
Total Exports to China (USD mn) 50.764 Feb 2026 monthly Jan 2017 - Feb 2026
Total Imports from China (USD mn) 743.476 Feb 2026 monthly Jan 2017 - Feb 2026
Exports: FOB: Growth Rate: YoY (%) -7.203 Feb 2026 monthly Apr 2020 - Feb 2026
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
Export Value Index (2015=100) 156.100 2023 yearly 1980 - 2023
Import Value Index (2015=100) 121.300 2023 yearly 1980 - 2023
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) -2,936.2 Dec 2025 quarterly Mar 2012 - Dec 2025
Current Account Balance (USD mn) 7,200.8 Dec 2025 quarterly Mar 2012 - Dec 2025
Current Account Balance: % of GDP (%) 18.5 Dec 2025 quarterly Mar 2012 - Dec 2025
Foreign Direct Investment (USD mn) 39.6 Dec 2025 quarterly Mar 2012 - Dec 2025
Foreign Direct Investment: % of GDP (%) 0.1 Dec 2025 quarterly Mar 2012 - Dec 2025
Foreign Portfolio Investment (USD mn) 14,960.907 Dec 2025 quarterly Mar 2012 - Dec 2025
Foreign Portfolio Investment: % of GDP (%) 38.5 Dec 2025 quarterly Mar 2012 - Dec 2025
Foreign Portfolio Investment: Equity Securities (USD mn) 2,973.5 Dec 2025 quarterly Mar 2012 - Dec 2025
Foreign Portfolio Investment: Debt Securities (USD mn) 11,987.443 Dec 2025 quarterly Mar 2012 - Dec 2025
External Debt (USD mn) 94,837.9 Dec 2025 quarterly Mar 2018 - Dec 2025
External Debt: % of GDP (%) 60.1 2025 yearly 2014 - 2025
Forecast: Current Account Balance (USD bn) 28.640 2031 yearly 1980 - 2031
Net International Investment Position (USD mn) 100,998.363 2025 yearly 2001 - 2025
BoP: FA: OT: Assets (KWD mn) -2,795.000 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: Other Investments (OT) (KWD mn) -1,407.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: CA: Primary Income: Debit (KWD mn) 0.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: FA: Portfolio Investment: Liabilities (KWD mn) 10.000 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: Assets (KWD mn) -1,260.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: CA: Secondary Income: Credit (KWD mn) 0.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: CA: Debit (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: Portfolio Investment: Liabilities: Debt Instruments (KWD mn) 0.000 Sep 2018 quarterly Mar 2012 - Sep 2018
BoP: FA: OT: Liabilities (KWD mn) 1,389.000 Sep 2018 quarterly Mar 2012 - Sep 2018
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.4 Dec 2025 quarterly Mar 2011 - Dec 2025
Household Debt: % of GDP (%) 1.1 Dec 2025 quarterly Dec 2010 - Dec 2025
Money Supply M1 (USD mn) 36,744.254 Apr 2026 monthly Jan 1994 - Apr 2026
Money Supply M2 (USD mn) 139,733.007 Apr 2026 monthly Jan 1994 - Apr 2026
M2 Growth (%) 2.2 Apr 2026 monthly Jan 1995 - Apr 2026
Foreign Exchange Reserves (USD mn) 33,729.2 Apr 2026 monthly Jan 1964 - Apr 2026
Foreign Exchange Reserves: % of GDP (%) 22.581 Dec 2025 quarterly Dec 2010 - Dec 2025
Foreign Exchange Reserves: Months of Import (NA) 9.2 Dec 2025 quarterly Mar 1973 - Dec 2025
Gold Reserves (USD mn) 103.341 Apr 2026 monthly Dec 1961 - Apr 2026
Total Deposits (USD mn) 201,897.311 Apr 2026 monthly Jan 1994 - Apr 2026
Total Deposits Growth (%) 10.1 Apr 2026 monthly Jan 1995 - Apr 2026
Domestic Credit (USD mn) 156,494.2 Apr 2026 monthly Jan 1994 - Apr 2026
Domestic Credit Growth (%) 12.6 Apr 2026 monthly Jan 1995 - Apr 2026
Household Debt (USD mn) 1,821.0 Apr 2026 monthly Jan 2002 - Apr 2026
Total Loans (USD mn) 177,007.335 Apr 2026 monthly Jan 1994 - Apr 2026
Total Loans Growth (%) 6.70 Apr 2026 monthly Jan 1995 - Apr 2026
Private Debt: % of Nominal GDP (%) 106.68 Dec 2025 quarterly Dec 2010 - Dec 2025
Monetary Survey: CBK and Local Banks: Money Supply M2 (KWD mn) 42,863.100 Apr 2026 monthly Jan 1994 - Apr 2026
Money Supply: M3: M2: M1: Currency in Circulation (KWD mn) 1,857.200 Apr 2026 monthly Jan 1994 - Apr 2026
Money Supply: M3 (KWD mn) 42,863.100 Apr 2026 monthly Jan 1994 - Apr 2026
Monetary Survey: CBK and Local Banks: Money Supply M2: M1 (KWD mn) 11,271.300 Apr 2026 monthly Jan 1994 - Apr 2026
Local Banks Time Deposits (KWD mn) 78,371.800 Apr 2026 monthly Jan 1994 - Apr 2026

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