Annual growth of exports of goods and services in Kuwait
Kuwait: Annual growth of exports of goods and services was 2.4% in 2023. ◆ Volatile
Annual growth of exports of goods and services in Kuwait, 2011–2023
Source: World Bank – processed by Our World in Data. Measured in %.
Analysis
Kuwait recorded 2.4% for annual growth of exports of goods and services in 2023.
Compared with earlier readings it is down 84.4% on the previous year and up 179.7% over ten years.
Over the whole period, annual growth of exports of goods and services in Kuwait peaked at 15.3% in 2022 and was at its lowest, -8.5%, in 2019.
Kuwait ranks 95th of 176 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Annual growth of exports of goods and services in Kuwait, year by year
| Year | % | Change |
|---|---|---|
| 2011 | 14.3% | — |
| 2012 | 7.7% | -46.1% |
| 2013 | -3.0% | -139.0% |
| 2014 | 0.4% | -112.0% |
| 2015 | -0.9% | -341.7% |
| 2016 | 2.5% | -382.8% |
| 2017 | -4.8% | -293.1% |
| 2018 | -0.3% | -93.3% |
| 2019 | -8.5% | +2556.2% |
| 2020 | -2.9% | -66.0% |
| 2021 | -3.2% | +10.0% |
| 2022 | 15.3% | -580.8% |
| 2023 | 2.4% | -84.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 0.8% | -8.5% | 14.3% | 9 |
| 2020s | 2.9% | -3.2% | 15.3% | 4 |
Countries ranked near Kuwait
More economy & growth data for Kuwait
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.82 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.61 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 2.99 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.019 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 614.43 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 413.09 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -32.78 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0026 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 84.91 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 1.99 % change on previous year (2025)
Frequently asked questions
- What is annual growth of exports of goods and services in Kuwait?
- Annual growth of exports of goods and services in Kuwait was 2.4% in 2023, according to World Bank – processed by Our World in Data.
- What is the highest annual growth of exports of goods and services recorded in Kuwait?
- The highest recorded value was 15.3% in 2022.
- What is the lowest annual growth of exports of goods and services recorded in Kuwait?
- The lowest recorded value was -8.5% in 2019.
- How does Kuwait rank for annual growth of exports of goods and services?
- Kuwait ranks 95th out of 176 countries with data for 2023.
- Is annual growth of exports of goods and services rising or falling in Kuwait?
- Over the last ten years it is up 179.7%. The long-run trend across the full record is volatile.
- Where does this Kuwait data come from?
- The figures come from World Bank – processed by Our World in Data, published as part of Annual growth of exports of goods and services. Statizoid updates them automatically from the source API.
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About this data
Annual growth of exports of goods and services (%).