Kuwait vs Oman: External balance on goods and services
Kuwait
17.5%
in 2024
Oman
17.3%
in 2024
Kuwait rank
12th
Oman rank
14th
External balance on goods and services over time
- Kuwait
- Oman
How they compare
Kuwait currently reports 17.5% against 17.3% in Oman, a difference of 0.2%.
The two have swapped places 12 times across 57 shared years of data; in 1967 it was Kuwait ahead.
Kuwait ranks 12th and Oman ranks 14th of 193 countries.
Across the 7 decades both report, Kuwait averaged higher in 4 and Oman in 3.
Head to head by decade
| Decade | Kuwait | Oman | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 33.8% | 43.1% | 9.4% | Oman |
| 1970s | 46.0% | 21.9% | 24.1% | Kuwait |
| 1980s | 14.6% | 15.0% | 0.3% | Oman |
| 1990s | -8.8% | 12.1% | 20.9% | Oman |
| 2000s | 27.5% | 18.0% | 9.5% | Kuwait |
| 2010s | 25.0% | 14.1% | 10.9% | Kuwait |
| 2020s | 18.7% | 13.5% | 5.2% | 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 17.5% against 17.3% in Oman as of 2024.
- What is the difference in external balance on goods and services between Kuwait and Oman?
- 0.2%, 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 12th and Oman ranks 14th of 193 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.