Insurance and financial services in Kuwait
Kuwait: Insurance and financial services was 9.3% in 2025. ◆ Volatile
Insurance and financial services in Kuwait, 1993–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service exports, BoP.
Analysis
The most recent figure for insurance and financial services in Kuwait is 9.3%, measured in 2025.
Compared with earlier readings it is down 28.6% on the previous year and down 5.0% over ten years.
Over the whole period, insurance and financial services in Kuwait peaked at 31.7% in 2018 and was at its lowest, 1.2%, in 2006.
That places Kuwait 39th out of 190 countries with data for 2025, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Insurance and financial services in Kuwait, year by year
| Year | % of service exports, BoP | Change |
|---|---|---|
| 1993 | 4.8% | — |
| 1994 | 4.0% | -15.7% |
| 1995 | 4.6% | +13.8% |
| 1996 | 4.7% | +2.1% |
| 1997 | 5.6% | +19.5% |
| 1998 | 5.2% | -7.4% |
| 1999 | 5.5% | +5.1% |
| 2000 | 4.9% | -9.8% |
| 2001 | 5.4% | +10.0% |
| 2002 | 7.7% | +41.2% |
| 2003 | 4.1% | -46.5% |
| 2004 | 3.2% | -21.8% |
| 2005 | 2.5% | -21.4% |
| 2006 | 1.2% | -53.5% |
| 2007 | 1.2% | +0.1% |
| 2008 | 3.7% | +219.3% |
| 2009 | 3.3% | -11.0% |
| 2010 | 4.0% | +18.8% |
| 2011 | 4.9% | +24.5% |
| 2012 | 3.4% | -31.7% |
| 2013 | 10.4% | +207.6% |
| 2014 | 8.9% | -14.2% |
| 2015 | 9.8% | +9.7% |
| 2016 | 10.0% | +2.8% |
| 2017 | 15.1% | +50.8% |
| 2018 | 31.7% | +109.8% |
| 2019 | 15.0% | -52.7% |
| 2020 | 15.5% | +3.0% |
| 2021 | 22.6% | +46.2% |
| 2022 | 16.6% | -26.6% |
| 2023 | 14.7% | -11.2% |
| 2024 | 13.0% | -11.9% |
| 2025 | 9.3% | -28.6% |
Kuwait compared with similar countries
- Kuwait's 9.3% is above the median for high income countries, which is 5.3%, 1.8× the median. (69 countries reporting)
- Kuwait's 9.3% is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 2.4%, 3.8× the median. (20 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in Kuwait changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2008 | +219.3% | 1.2% | 3.7% |
| 2013 | +207.6% | 3.4% | 10.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 4.9% | 4.0% | 5.6% | 7 |
| 2000s | 3.7% | 1.2% | 7.7% | 10 |
| 2010s | 11.3% | 3.4% | 31.7% | 10 |
| 2020s | 15.3% | 9.3% | 22.6% | 6 |
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 insurance and financial services in Kuwait?
- Insurance and financial services in Kuwait was 9.3% in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in Kuwait?
- The highest recorded value was 31.7% in 2018.
- What is the lowest insurance and financial services recorded in Kuwait?
- The lowest recorded value was 1.2% in 2006.
- How does Kuwait rank for insurance and financial services?
- Kuwait ranks 39th out of 190 countries with data for 2025.
- Is insurance and financial services rising or falling in Kuwait?
- Over the last ten years it is down 5.0%. The long-run trend across the full record is volatile.
- Where does this Kuwait data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Insurance and financial services (% of service exports, BoP). Statizoid updates them automatically from the source API.
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About this data
Insurance and financial services cover various types of insurance provided to nonresidents by resident insurance enterprises and vice versa, and financial intermediary and auxiliary services (except those of insurance enterprises and pension funds) exchanged between residents and nonresidents. This indicator is expressed as a percentage of service exports which are services provided by residents to non-residents.