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General profile: Kuwait

GENERAL INFORMATION FOR 2022
Exchange rate
Population
Population
Exchange rates
GDP
GDP
4.269 Millions
0.306 KWD/US$
175 363 Millions current US$
Land area¹
Land area
CPI growth (%)
CPI growth
GDP growth
GDP growth
(q) 17 820 km²
3.92 %
8.86 %
INTERNATIONAL MERCHANDISE TRADE
More data on UNCTADstat
+58.4 %
Merchandise exports growth rate in 2022
Total merchandise trade
(millions of US$)
2005
2010
2015
2022
Merchandise exports
44 869
69 978
54 122
99 985
Merchandise imports
15 801
22 675
30 963
34 568
Merchandise trade balance
29 067
47 303
23 159
65 417
Export structure by product group in 2022
(as % of total exports)
2 %2 %38 %38 %51 %51 %8 %8 %
Top 5 partners in 2022
(exports, millions of US$)
18 10814 40814 18813 0406 91518 10814 40814 18813 0406 915
INTERNATIONAL TRADE IN SERVICES
More data on UNCTADstat
Total trade in services²
(millions of US$)
2005
2010
2015
2022
Services exports
4 775
9 009
6 056
10 609
Services imports
8 715
15 785
23 796
27 545
Services trade balance
-3 940
-6 775
-17 741
-16 936
Services exports by main category²
(as % of total services)
2005
2010
2015
2022
Transport
47.3
46.9
27.2
16.9
Travel
3.5
3.2
8.3
10.2
Other services
49.2
49.9
64.5
71.3
TRADE INDICES
More data on UNCTADstat
159104701141269985100178199204173128102157121115165122781061169986100151160159157131110158131126
ECONOMIC TRENDS
More data on UNCTADstat
+8.9 %
Gross domestic product growth rate in 2022
Economic indicators
(millions of US$ unless otherwise specified)
2005
2010
2015
2022
GDP, current
80 798
115 416
114 585
175 363
GDP per capita, current US$
36 145
39 212
29 315
41 079
Real GDP growth, y-on-y, %
10.61
-2.37
0.59
8.86
Current account balance, % of GDP
37.22
32.05
7.49
33.96
Exchange rate (/US$)
0.292
0.287
0.301
0.306
GDP by expenditure in 2021
(as % of total GDP)
33.419.826.955.835.933.419.826.955.835.9
FDI AND EXTERNAL FINANCIAL RESOURCES
More data on UNCTADstat
-14.6 %
FDI outflows as % of GDP in 2022
Financial flows
(millions of US$ unless otherwise specified)
2005
2010
2015
2022
FDI inflows
233.90
1 304.63
310.55
757.77
FDI outflows
5 141.78
5 889.84
5 367.16
-25 603.23
Personal remittances, % of GDP
..
0.00
0.03
..
Financial flows trends
(millions of US$)
22.525.727.723.04.034.33.84.22.65.67585672403512043484193119531 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 indicators²
(as % and index)
2005
2010
2015
2022
Balance, % of GDP
32.56
35.34
8.95
31.37
Balance, % of imports
110.69
115.36
20.05
98.40
Normalized balance
0.356
0.366
0.091
0.330
Trade openness²
(sum of imports and exports as % of GDP)
9592869711198969810097100100979393929091
LIVING AREA
Population by living area in 2022
(% of population)
Urban 100%Urban 100%Rural 0%
OTHER INDICATORS
More data on UNCTADstat
0.220 %
Share of the total world merchant fleet in 2022
Maritime transport indicators
 
2005
2010
2015
2022
Merchant fleet, national flag (thousands of DWT)
3 811
3 856
5 365
4 849
Container port throughput (TEU)
..
..
..
..
Information economy indicators
(as % of)
2005
2010
2015
2022
Share of ICT goods, % of total exports
..
0.16
0.15
..
Share of ICT goods, % of total imports
..
6.60
8.23
..
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).
q
Estimated. Data refers to 2020.
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: 11 April 2024