General profile: Kuwait

GENERAL INFORMATION FOR 2020
Population
Population
Exchange rates
Exchange rate
GDP
GDP
4.271 Millions
0.306 KWD/US$
110 943 Millions current US$
Land area
Land area¹
CPI growth (%)
CPI growth
GDP growth
GDP growth
(n) 17 820 km²
2.10 %
-5.57 %
INTERNATIONAL MERCHANDISE TRADE
More data on UNCTADstat
-44.2 %
Merchandise exports growth rate in 2020
Total merchandise trade
(millions of US$)
2005
2010
2015
2020
Merchandise exports
44 869
69 978
54 122
35 959
Merchandise imports
15 801
22 675
30 963
29 299
Merchandise trade balance
29 067
47 303
23 159
6 659
Export structure by product group in 2020
(as % of total exports)
2 %2 %16 %16 %82 %82 %
Top 5 partners in 2020
(exports, millions of US$)
7 2185 7504 6223 5401 5487 2185 7504 6223 5401 548
INTERNATIONAL TRADE IN SERVICES
More data on UNCTADstat
Total trade in services²
(millions of US$)
2005
2010
2015
2020
Services exports
4 775
9 009
6 056
(e) 7 255
Services imports
8 715
15 785
23 796
(e) 18 992
Services trade balance
-3 940
-6 775
-17 741
(e) -11 737
Services exports by main category²
(as % of total services)
2005
2010
2015
2020
Transport
47.3
46.9
27.2
(e) 12.7
Travel
3.5
3.2
8.3
(e) 5.9
Other services
49.2
49.9
64.5
(e) 81.5
TRADE INDICES
More data on UNCTADstat
6311612910287100177197200171128101161124119100665140415086116125103861001571641631601331101631321291169984747583
ECONOMIC TRENDS
More data on UNCTADstat
-5.6 %
Gross domestic product growth rate in 2020
Economic indicators
(millions of US$ unless otherwise specified)
2005
2010
2015
2020
GDP, current
80 798
115 416
114 585
110 943
GDP per capita, current US$
35 591
38 576
29 874
25 979
Real GDP growth, y-on-y, %
10.61
-2.37
0.59
-5.57
Current account balance, % of GDP
37.22
32.05
7.49
..
Exchange rate (/US$)
0.292
0.287
0.301
0.306
GDP by expenditure in 2019
(as % of total GDP)
46.126.322.053.548.046.126.322.053.548.0
FDI AND EXTERNAL FINANCIAL RESOURCES
More data on UNCTADstat
..
FDI outflows as % of GDP in 2020
Financial flows
(millions of US$ unless otherwise specified)
2005
2010
2015
2020
FDI inflows
233.90
1 304.63
310.55
..
FDI outflows
5 141.78
5 889.84
5 367.16
..
Personal remittances, % of GDP
..
0.00
0.03
..
Financial flows trends
(millions of US$)
27.727.723.04.034.33.84.22.65.61042043484193119531 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
2020
Balance, % of GDP
32.56
35.34
8.95
..
Balance, % of imports
110.69
115.36
20.05
..
Normalized balance
0.356
0.366
0.091
..
Trade openness²
(sum of imports and exports as % of GDP)
9110899969810097100100979393929091
LABOUR FORCE
Labour force by gender in 2020
(as % of total labour force, all sectors)
Male
76%Male 76%Female
24%Female 24%
OTHER INDICATORS
More data on UNCTADstat
0.204 %
Share of the total world merchant fleet in 2020
Maritime transport indicators
 
2005
2010
2015
2020
Merchant fleet, national flag (thousands of DWT)
3 811
3 856
5 365
4 220
Liner shipping connectivity index (maximum 2006 = 100 for China)
..
10.78
11.13
11.11
Container port throughput (TEU)
..
815 532
984 815
..
Information economy indicators
(as % of)
2005
2010
2015
2020
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).
e
Estimated.
n
Estimated. Data refers to 2016.
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: 22 July 2021