Azerbaijan vs Kuwait: External balance on goods and services
External balance on goods and services over time
- Azerbaijan
- Kuwait
How they compare
Kuwait currently reports 8.65 billion current LCU against 8.02 billion current LCU in Azerbaijan, a difference of 623.20 million current LCU.
That makes Kuwait's figure about 1.1 times Azerbaijan's.
The two have swapped places 6 times across 35 shared years of data; in 1990 it was Azerbaijan ahead.
Azerbaijan ranks 54th and Kuwait ranks 53rd of 192 countries.
Across the 4 decades both report, Azerbaijan averaged higher in 1 and Kuwait in 3.
Head to head by decade
| Decade | Azerbaijan | Kuwait | Difference | Ahead |
|---|---|---|---|---|
| 1990s | -369.73 million current LCU | -69.95 million current LCU | 299.78 million current LCU | Kuwait |
| 2000s | 4.10 billion current LCU | 6.99 billion current LCU | 2.89 billion current LCU | Kuwait |
| 2010s | 10.05 billion current LCU | 10.93 billion current LCU | 879.03 million current LCU | Kuwait |
| 2020s | 17.70 billion current LCU | 9.36 billion current LCU | 8.35 billion current LCU | Azerbaijan |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher external balance on goods and services, Azerbaijan or Kuwait?
- Kuwait, at 8.65 billion current LCU against 8.02 billion current LCU in Azerbaijan as of 2024.
- What is the difference in external balance on goods and services between Azerbaijan and Kuwait?
- 623.20 million current LCU, with Kuwait ahead.
- How many years of comparable data are there for Azerbaijan and Kuwait?
- 35 years are reported by both, from 1990 to 2024.
- How do Azerbaijan and Kuwait rank globally for external balance on goods and services?
- Azerbaijan ranks 54th and Kuwait ranks 53rd of 192 countries.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as External balance on goods and services (current LCU). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.