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General profile: Kuwait

GENERAL INFORMATION FOR 2023
Exchange rate
Population
Population
Exchange rates
GDP
GDP
4.839 Millions
..
157 854 Millions current US$
Land area¹
Land area
CPI growth (%)
CPI growth
GDP growth
GDP growth
(q) 17 820 km²
..
-0.74 %
INTERNATIONAL MERCHANDISE TRADE
More data on UNCTADstat
-16.0 %
Merchandise exports growth rate in 2023
Total merchandise trade
(millions of US$)
2005
2010
2015
2023
Merchandise exports
44 869
69 978
54 122
83 981
Merchandise imports
15 801
22 675
30 963
37 490
Merchandise trade balance
29 067
47 303
23 159
46 490
Export structure by product group in 2023
(as % of total exports)
2 %2 %36 %36 %55 %55 %8 %8 %
Top 5 partners in 2023
(exports, millions of US$)
17 16111 95010 7819 4606 75217 16111 95010 7819 4606 752
INTERNATIONAL TRADE IN SERVICES
More data on UNCTADstat
Total trade in services²
(millions of US$)
2005
2010
2015
2023
Services exports
4 775
9 009
6 056
11 302
Services imports
8 715
15 785
23 796
30 402
Services trade balance
-3 940
-6 775
-17 741
-19 101
Services exports by main category²
(as % of total services)
2005
2010
2015
2023
Transport
47.3
46.9
27.2
13.8
Travel
3.5
3.2
8.3
15.4
Other services
49.2
49.9
64.5
70.7
TRADE INDICES
More data on UNCTADstat
132155104701141269985100178199204173128102157120114134164122781061169986100151159159156131109158131126
ECONOMIC TRENDS
More data on UNCTADstat
-0.7 %
Gross domestic product growth rate in 2023
Economic indicators
(millions of US$ unless otherwise specified)
2005
2010
2015
2023
GDP, current
80 798
115 416
114 585
157 854
GDP per capita, current US$
36 122
39 212
29 883
32 623
Real GDP growth, y-on-y, %
10.61
-2.37
0.59
-0.74
Current account balance, % of GDP
37.22
32.05
7.49
32.56
Exchange rate (/US$)
0.292
0.287
0.301
..
GDP by expenditure in 2022
(as % of total GDP)
37.022.013.062.934.937.022.013.062.934.9
FDI AND EXTERNAL FINANCIAL RESOURCES
More data on UNCTADstat
+7.1 %
FDI outflows as % of GDP in 2023
Financial flows
(millions of US$ unless otherwise specified)
2005
2010
2015
2023
FDI inflows
233.90
1 304.63
310.55
2 112.74
FDI outflows
5 141.78
5 889.84
5 367.16
11 189.43
Personal remittances, % of GDP
..
0.00
0.03
..
Financial flows trends
(millions of US$)
22.525.727.723.04.034.33.84.22.65.62 1137585672403512043484193119531 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
2023
Balance, % of GDP
32.56
35.34
8.95
20.30
Balance, % of imports
110.69
115.36
20.05
50.52
Normalized balance
0.356
0.366
0.091
0.202
Trade openness²
(sum of imports and exports as % of GDP)
1019592869711198969810097100100979393929091
LIVING AREA
Population by living area in 2023
(% of population)
Urban 100%Urban 100%Rural 0%
OTHER INDICATORS
More data on UNCTADstat
0.208 %
Share of the total world merchant fleet in 2023
Maritime transport indicators
 
2005
2010
2015
2023
Merchant fleet, national flag (thousands of DWT)
3 811
3 856
5 365
4 743
Container port throughput (TEU)
..
..
..
..
Information economy indicators
(as % of)
2005
2010
2015
2023
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: UN Trade and Development, UNCTADstat (https://unctadstat.unctad.org/datacentre)
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
..
No value reported or collected
_
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 the UNCTAD Data Hub 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 the UNCTAD Data Hub.
Generation date: 11 October 2024