General profile: Kuwait

GENERAL INFORMATION FOR 2016
Population
Population
Exchange rates
Exchange rate
GDP
GDP
4.007 Millions
0.302 KWD/US$
119 885 Millions current US$
Land area
Land area ¹
CPI growth (%)
CPI growth
GDP growth
GDP growth
..
3.20 %
2.30 %
INTERNATIONAL MERCHANDISE TRADE
More data on UNCTADstat
-15.3 %
Merchandise exports growth rate in 2016
Total merchandise trade
(millions of US$)
2005
2010
2015
2016
Merchandise exports
44 869
69 978
54 322
(e) 46 032
Merchandise imports
15 801
22 675
31 271
(e) 31 455
Merchandise trade balance
29 067
47 303
23 051
(e) 14 576
Export structure by product group in 2016
(as % of total exports)
2 %2 %13 %13 %85 %85 %
Top 5 partners in 2016
(exports, millions of US$)
7 5626 4844 3234 1303 3787 5626 4844 3234 1303 378
INTERNATIONAL TRADE IN SERVICES
More data on UNCTADstat
Total trade in services ²
(millions of US$)
2005
2010
2015
2016
Services exports
4 775
9 009
6 056
5 527
Services imports
8 715
15 785
23 796
26 239
Services trade balance
-3 940
-6 775
-17 741
-20 712
Services exports by main category ²
(as % of total services)
2005
2010
2015
2016
Transport
47.3
46.9
27.2
22.1
Travel
3.5
3.2
8.3
10.9
Other services
49.2
49.9
64.5
67.0
TRADE INDICES
More data on UNCTADstat
170170196196345345385385390390332332254254203203323323250250239239201201133133104104808083831001009898123123213213230230232232225225219219185185229229190190171171150150116116103103878785851001001701963453853903322542033232502392011331048083100981232132302322252191852291901711501161038785100
ECONOMIC TRENDS
More data on UNCTADstat
+2.3 %
Gross domestic product growth rate in 2016
Economic indicators
(millions of US$ unless otherwise specified)
2005
2010
2015
2016
GDP, current
80 798
115 416
114 054
119 885
GDP per capita, current US$
35 694
37 724
29 304
29 918
Real GDP growth, y-on-y, %
10.61
-2.37
1.85
2.30
Current account balance, % of GDP
37.22
32.05
7.53
..
Exchange rate (/US$)
0.292
0.287
0.301
0.302
GDP by expenditure in 2015
(as % of total GDP)
41.324.625.054.445.341.324.625.054.445.3
FDI AND EXTERNAL FINANCIAL RESOURCES
More data on UNCTADstat
-5.2 %
FDI outflows as % of GDP in 2016
Financial flows
(millions of US$ unless otherwise specified)
2005
2010
2015
2016
FDI inflows
233.90
1 304.63
293.50
274.74
FDI outflows
5 141.78
5 889.84
5 406.98
-6 258.28
Personal remittances, % of GDP
..
..
..
..
Financial flows trends
(millions of US$)
2752752932939539531 4341 4342 8732 8733 2593 2591 3051 3051 1141 114-6-61121121211212342342424-67-6744-112-11216162752939531 4342 8733 2591 3051 114-611212123424-674-11216FDI Inwards flowsFDI Inwards flowsFDI Inwards flowsMigrant's remittances receiptsMigrant's remittances receiptsMigrant's remittances receipts
TRADE IN GOODS AND SERVICES
More data on UNCTADstat
Trade balance indicators ²
(as % and index)
2005
2010
2015
2016
Balance, % of GDP
32.56
35.34
8.99
-0.12
Balance, % of imports
110.69
115.36
20.05
-0.26
Normalized balance
0.356
0.366
0.091
-0.001
Trade openness ²
(sum of imports and exports as % of GDP)
879910097100100979393929091
LABOUR FORCE
More data on UNCTADstat
Labour force by gender in 2016
(as % of total labour force, all sectors)
Male
76%Male 76%Female
24%Female 24%
OTHER INDICATORS
More data on UNCTADstat
0.297 %
Share of the total world merchant fleet in 2016
Maritime transport indicators
 
2005
2010
2015
2016
Merchant fleet, national flag (thousands of DWT)
3 811 000 000
3 856 237 000
5 360 997 000
5 361 802 000
Liner shipping connectivity index (maximum 2004 = 100 for China)
6.77
8.31
8.89
8.89
Container port throughput (TEU)
..
991 545
(e) 1 277 674
..
Information economy indicators
(as % of)
2005
2010
2015
2016
Share of ICT goods, % of total exports
..
0.16
0.16
..
Share of ICT goods, % of total imports
..
6.60
7.63
..
Share of workforce involved in the ICT sector
..
..
..
..
Source: UNCTADstat (http://unctadstat.unctad.org)
Notes:
1
Land area refers to the total area of a country excluding area under inland water bodies. It differs from the country area, that includes area under inland water bodies, but excludes offshore territorial waters.
2
Statistics presented correspond to the 6th edition of the IMF Balance of Payments and International Investment Position Manual (BPM6, 2009).
e
Estimated.
Symbols for missing values:
0
Zero means that the amount is nil or negligible
..
Not available or not separately reported
_
Not applicable
...
Not available, including no quotation
#
Non-relevant calculation
-
Not publishable
***
Negative accumulation of flows; Value included in regional and global totals
Abbreviations & acronyms:
DWT:
Dead weight tons
FDI:
Foreign direct investment
GDP:
Gross domestic product
ICT:
Information and communication technology
TEU:
Twenty foot equivalent unit
US$:
United States dollar
Disclaimer:
The designations employed and the presentation of the material on UNCTADstat do not imply the expression of any opinion whatsoever on the part of the secretariat of the United Nations concerning the legal status of any country, territory, city or area, or of its authorities, or concerning the delimitation of its frontiers or boundaries.
Where the designations "economy" or "country or area" appear in texts or tables, they cover regions, countries, territories, cities or areas.

UNCTAD strives for the highest level of accuracy and is committed to promptly correcting any errors on its part. It does not guarantee or make any express or implied representations regarding the accuracy, reliability, correctness, fitness for use for a particular purpose, or otherwise, whatsoever, of any of the tables in UNCTADstat.
Generation date: 15 September 2017