Merchandise trade as a proportion of GDP (%) in Kuwait
Kuwait: Merchandise trade as a proportion of GDP (%) was 70.6% in 2024. ▬ Flat
Latest (2024)
70.6%
Change on year
down 3.9%
World rank
66th
of 220 countries
All-time high
84.0%
in 2012
All-time low
61.1%
in 2020
Years of data
25
2000–2024
Merchandise trade as a proportion of GDP in Kuwait, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
Kuwait recorded 70.6% for merchandise trade as a proportion of gdp in 2024.
Compared with earlier readings it is down 3.9% on the previous year and down 13.8% over ten years.
Over the whole period, merchandise trade as a proportion of gdp in Kuwait peaked at 84.0% in 2012 and was at its lowest, 61.1%, in 2020.
Kuwait ranks 66th of 220 countries on this measure, in the middle of the range.
Merchandise trade as a proportion of GDP (%) in Kuwait, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 70.5% | — |
| 2001 | 69.0% | -2.1% |
| 2002 | 63.9% | -7.4% |
| 2003 | 66.1% | +3.5% |
| 2004 | 69.4% | +4.9% |
| 2005 | 75.1% | +8.3% |
| 2006 | 72.1% | -3.9% |
| 2007 | 73.3% | +1.6% |
| 2008 | 76.2% | +3.9% |
| 2009 | 69.7% | -8.5% |
| 2010 | 80.3% | +15.1% |
| 2011 | 82.6% | +2.9% |
| 2012 | 84.0% | +1.7% |
| 2013 | 82.9% | -1.3% |
| 2014 | 81.9% | -1.3% |
| 2015 | 74.3% | -9.3% |
| 2016 | 70.5% | -5.1% |
| 2017 | 73.4% | +4.2% |
| 2018 | 77.8% | +5.9% |
| 2019 | 69.6% | -10.5% |
| 2020 | 61.1% | -12.2% |
| 2021 | 64.0% | +4.8% |
| 2022 | 73.3% | +14.5% |
| 2023 | 73.4% | +0.2% |
| 2024 | 70.6% | -3.9% |
Kuwait compared with similar countries
- Kuwait's 70.6% is above the median for high income countries, which is 56.9%, 1.2× the median. (73 countries reporting)
- Kuwait's 70.6% is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 67.4%, 1.0× the median. (21 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 70.5% | 63.9% | 76.2% | 10 |
| 2010s | 77.7% | 69.6% | 84.0% | 10 |
| 2020s | 68.5% | 61.1% | 73.4% | 5 |
Countries ranked near Kuwait
- 63 Curaçao 71.5% compare
- 63 Curacao 71.5% compare
- 65 Fiji 70.9% compare
- 67 Republic of Korea 70.1% compare
- 67 South Korea 70.1% compare
- 69 Republic of Moldova 69.3% compare
- 69 Moldova 69.3% compare
More economy & growth data for Kuwait
- Real gdp growth, annual growth rate 10.23 % change on previous year (2024)
- 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)
- SDRs holdings, US dollar, annual growth rate 5.56 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0284 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 916.14 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.517 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0207 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 668.96 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 2.97 % change on previous year (2025)
Frequently asked questions
- What is merchandise trade as a proportion of gdp in Kuwait?
- Merchandise trade as a proportion of gdp in Kuwait was 70.6% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest merchandise trade as a proportion of gdp recorded in Kuwait?
- The highest recorded value was 84.0% in 2012.
- What is the lowest merchandise trade as a proportion of gdp recorded in Kuwait?
- The lowest recorded value was 61.1% in 2020.
- How does Kuwait rank for merchandise trade as a proportion of gdp?
- Kuwait ranks 66th out of 220 countries with data for 2024.
- Is merchandise trade as a proportion of gdp rising or falling in Kuwait?
- Over the last ten years it is down 13.8%. The long-run trend across the full record is flat.
- Where does this Kuwait data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Merchandise trade as a proportion of GDP (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under UN SDG Global Database (open, attribution requested).