External balance on goods and services (current US$), annual growth in Kuwait
Kuwait: External balance on goods and services (current US$), annual growth was -12.04 % change on previous year in 2024. ◆ Volatile
Latest (2024)
-12.04 % change on previous year
Change on year
up 71.2%
World rank
117th
of 192 countries
All-time high
662.31 % change on previous year
in 2017
All-time low
-395.01 % change on previous year
in 1991
Years of data
58
1966–2024
External balance on goods and services (current US$), annual growth in Kuwait, 1966–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for external balance on goods and services (current us$), annual growth in Kuwait is -12.04 % change on previous year, measured in 2024.
The figure is up 71.2% on the previous year and up 44.6% over ten years.
Over the whole period, external balance on goods and services (current us$), annual growth in Kuwait peaked at 662.31 % change on previous year in 2017 and was at its lowest, -395.01 % change on previous year, in 1991.
That places Kuwait 117th out of 192 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
External balance on goods and services (current US$), annual growth in Kuwait, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1966 | 5.69 % change on previous year | — |
| 1967 | -23.23 % change on previous year | -508.4% |
| 1968 | 25.09 % change on previous year | -208.0% |
| 1969 | 0.885 % change on previous year | -96.5% |
| 1970 | 7.13 % change on previous year | +706.2% |
| 1971 | 80.36 % change on previous year | +1026.3% |
| 1972 | 15.3 % change on previous year | -81.0% |
| 1973 | 26.17 % change on previous year | +71.0% |
| 1974 | 243.65 % change on previous year | +831.1% |
| 1975 | -29.22 % change on previous year | -112.0% |
| 1976 | -8.99 % change on previous year | -69.2% |
| 1977 | -32.19 % change on previous year | +258.2% |
| 1978 | 17.68 % change on previous year | -154.9% |
| 1979 | 155.81 % change on previous year | +781.2% |
| 1980 | 3.71 % change on previous year | -97.6% |
| 1981 | -38.39 % change on previous year | -1135.9% |
| 1982 | -94.06 % change on previous year | +145.0% |
| 1983 | 341.74 % change on previous year | -463.3% |
| 1984 | 64.53 % change on previous year | -81.1% |
| 1985 | -30.18 % change on previous year | -146.8% |
| 1986 | -113.95 % change on previous year | +277.5% |
| 1988 | -72.25 % change on previous year | -36.6% |
| 1989 | 180.31 % change on previous year | -349.6% |
| 1990 | -190.23 % change on previous year | -205.5% |
| 1991 | -395.01 % change on previous year | +107.7% |
| 1992 | 77.21 % change on previous year | -119.5% |
| 1993 | 130.56 % change on previous year | +69.1% |
| 1994 | 153.8 % change on previous year | +17.8% |
| 1995 | 33.37 % change on previous year | -78.3% |
| 1996 | 46.03 % change on previous year | +37.9% |
| 1997 | -2.42 % change on previous year | -105.3% |
| 1998 | -146.63 % change on previous year | +5965.2% |
| 1999 | 204.31 % change on previous year | -239.3% |
| 2000 | 407.18 % change on previous year | +99.3% |
| 2001 | -44.6 % change on previous year | -111.0% |
| 2002 | -44.49 % change on previous year | -0.3% |
| 2003 | 176.38 % change on previous year | -496.4% |
| 2004 | 72.81 % change on previous year | -58.7% |
| 2005 | 97.83 % change on previous year | +34.4% |
| 2006 | 45.65 % change on previous year | -53.3% |
| 2007 | -4.26 % change on previous year | -109.3% |
| 2008 | 49.58 % change on previous year | -1264.7% |
| 2009 | -47.08 % change on previous year | -194.9% |
| 2010 | 31.61 % change on previous year | -167.1% |
| 2011 | 73.89 % change on previous year | +133.7% |
| 2012 | 15.7 % change on previous year | -78.8% |
| 2013 | -8.89 % change on previous year | -156.6% |
| 2014 | -21.73 % change on previous year | +144.6% |
| 2015 | -83.17 % change on previous year | +282.7% |
| 2016 | -109.66 % change on previous year | +31.8% |
| 2017 | 662.31 % change on previous year | -704.0% |
| 2018 | 198.7 % change on previous year | -70.0% |
| 2019 | 6.69 % change on previous year | -96.6% |
| 2020 | -65.67 % change on previous year | -1081.9% |
| 2021 | 429.34 % change on previous year | -753.8% |
| 2022 | 72.87 % change on previous year | -83.0% |
| 2023 | -41.74 % change on previous year | -157.3% |
| 2024 | -12.04 % change on previous year | -71.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 2.11 % change on previous year | -23.23 % change on previous year | 25.09 % change on previous year | 4 |
| 1970s | 47.57 % change on previous year | -32.19 % change on previous year | 243.65 % change on previous year | 10 |
| 1980s | 26.83 % change on previous year | -113.95 % change on previous year | 341.74 % change on previous year | 9 |
| 1990s | -8.9 % change on previous year | -395.01 % change on previous year | 204.31 % change on previous year | 10 |
| 2000s | 70.9 % change on previous year | -47.08 % change on previous year | 407.18 % change on previous year | 10 |
| 2010s | 76.54 % change on previous year | -109.66 % change on previous year | 662.31 % change on previous year | 10 |
| 2020s | 76.55 % change on previous year | -65.67 % change on previous year | 429.34 % change on previous year | 5 |
Countries ranked near Kuwait
- 115 Somalia -11.25 % change on previous year compare
- 116 Guam -11.73 % change on previous year compare
- 118 Palestine, State of -12.12 % change on previous year compare
- 119 Uzbekistan -12.18 % change on previous year compare
- 120 United States of America -14.24 % change on previous year compare
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)
- Imports of goods and services (constant 2015 US$), annual growth rate -7.05 % change on previous year (2024)
- Imports of goods and services (constant 2015 US$), per unit of GDP 0.3247 constant 2015 US$ per US$ of GDP (2024)
- Imports of goods and services (constant 2015 US$), per capita 10,669 constant 2015 US$ per person (2024)
- External balance on goods and services (current LCU), annual growth -12.18 % change on previous year (2024)
- Agriculture, forestry, and fishing, value added (current LCU), annual 5.51 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 0.0016 current LCU per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 52.53 current LCU per person (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 2.99 % change on previous year (2025)
Frequently asked questions
- What is external balance on goods and services (current us$), annual growth in Kuwait?
- External balance on goods and services (current us$), annual growth in Kuwait was -12.04 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest external balance on goods and services (current us$), annual growth recorded in Kuwait?
- The highest recorded value was 662.31 % change on previous year in 2017.
- What is the lowest external balance on goods and services (current us$), annual growth recorded in Kuwait?
- The lowest recorded value was -395.01 % change on previous year in 1991.
- How does Kuwait rank for external balance on goods and services (current us$), annual growth?
- Kuwait ranks 117th out of 192 countries with data for 2024.
- Is external balance on goods and services (current us$), annual growth rising or falling in Kuwait?
- Over the last ten years it is up 44.6%. The long-run trend across the full record is volatile.
- Where does this Kuwait data come from?
- The figures come from Statizoid (derived), published as part of External balance on goods and services (current US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 58 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in External balance on goods and services (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- External balance on goods and services Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in External balance on goods and services (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.