Kuwait: Trade openness
* indicates monthly or quarterly data series
| Kuwait |
Trade openness: exports plus imports as percent of GDP |
|---|---|
| Latest value | 96.41 |
| Year | 2019 |
| Measure | percent |
| Data availability | 1965 - 2019 |
| Average | 96.58 |
| Min - Max | 81.23 - 142.61 |
| Source | The World Bank |
The latest value from 2019 is 96.41 percent, a decline from 103.12 percent in 2018. In comparison, the world average is 91.38 percent, based on data from 170 countries. Historically, the average for Kuwait from 1965 to 2019 is 96.58 percent. The minimum value, 81.23 percent, was reached in 2002 while the maximum of 142.61 percent was recorded in 1991.
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Definition: Exports plus imports as percent of GDP.
Selected articles from our guide:
What factors determine the exchange rates
International lending and sovereign debt
All articles
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Terms of trade | 124.96 | 2021 | percent |
| Trade openness | 96.41 | 2019 | percent |
| Financial openness | 1.034 | 2021 | index points |
| Exports, percent of GDP | 52.33 | 2019 | percent |
| Exports, billion dollars | 72.58 | 2019 | billion U.S. dollars |
| Growth of exports | -10.05 | 2019 | percent |
| Imports, percent of GDP | 44.08 | 2019 | percent |
| Imports, billion dollars | 61.14 | 2019 | billion U.S. dollars |
| Foreign Direct Investment, percent of GDP | 1.31 | 2023 | percent |
| Foreign Direct Investment, billion dollars | 0.75 | 2022 | billion U.S. dollars |
| Portfolio investment inflows, equities | -374.81 | 2023 | million dollars (current) |
| Current account, percent of GDP | 31.40 | 2023 | percent |
| Current account, in dollars | 51.40 | 2023 | billion U.S. dollars |
| Trade balance, percent of GDP | 8.25 | 2019 | percent |
| Trade balance, in dollars | 32.05 | 2023 | billion U.S. dollars |
| Reserves | 52.62 | 2023 | billion U.S. dollars |
| Remittances, percent of GDP | 0.01 | 2023 | percent |
| Remittances | 22.93 | 2023 | million U.S. dollars |
| Net errors and omissions | -694.68 | 2023 | million USD |
| Foreign exchange reserves | 12.93 | 9/2024 | billion |