Kuwait vs Oman: External balance on goods and services
External balance on goods and services over time
- Kuwait
- Oman
How they compare
Kuwait currently reports 8.65 billion current LCU against 7.12 billion current LCU in Oman, a difference of 1.52 billion current LCU.
That makes Kuwait's figure about 1.2 times Oman's.
The two have swapped places 12 times across 57 shared years of data; in 1967 it was Kuwait ahead.
Kuwait ranks 53rd and Oman ranks 55th of 192 countries.
Across the 7 decades both report, Kuwait averaged higher in 6 and Oman in 1.
Head to head by decade
| Decade | Kuwait | Oman | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 317.33 million current LCU | 36.90 million current LCU | 280.43 million current LCU | Kuwait |
| 1970s | 1.47 billion current LCU | 104.58 million current LCU | 1.37 billion current LCU | Kuwait |
| 1980s | 1.02 billion current LCU | 407.02 million current LCU | 608.18 million current LCU | Kuwait |
| 1990s | -69.95 million current LCU | 713.00 million current LCU | 782.95 million current LCU | Oman |
| 2000s | 6.99 billion current LCU | 2.54 billion current LCU | 4.45 billion current LCU | Kuwait |
| 2010s | 10.93 billion current LCU | 4.52 billion current LCU | 6.41 billion current LCU | Kuwait |
| 2020s | 9.36 billion current LCU | 5.39 billion current LCU | 3.96 billion current LCU | Kuwait |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher external balance on goods and services, Kuwait or Oman?
- Kuwait, at 8.65 billion current LCU against 7.12 billion current LCU in Oman as of 2024.
- What is the difference in external balance on goods and services between Kuwait and Oman?
- 1.52 billion current LCU, with Kuwait ahead.
- How many years of comparable data are there for Kuwait and Oman?
- 57 years are reported by both, from 1967 to 2024.
- How do Kuwait and Oman rank globally for external balance on goods and services?
- Kuwait ranks 53rd and Oman ranks 55th 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.
Individual pages
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.