Net secondary income (Net current transfers from abroad) (current US$) in Kuwait
Kuwait: Net secondary income (Net current transfers from abroad) was -14.57 billion current US$ in 2024. ◆ Volatile
Net secondary income (Net current transfers from abroad) in Kuwait, 1975–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
Kuwait recorded -14.57 billion current US$ for net secondary income (net current transfers from abroad) in 2024.
The figure is down 12.8% on the previous year and up 29.5% over ten years.
Over the whole period, net secondary income (net current transfers from abroad) in Kuwait peaked at -536.96 million current US$ in 1976 and was at its lowest, -23.80 billion current US$, in 1991.
That places Kuwait 193rd out of 203 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Net secondary income (Net current transfers from abroad) in Kuwait, year by year
| Year | current US$ | Change |
|---|---|---|
| 1975 | -1.07 billion current US$ | — |
| 1976 | -536.96 million current US$ | -49.8% |
| 1977 | -1.25 billion current US$ | +132.7% |
| 1978 | -1.23 billion current US$ | -1.3% |
| 1979 | -1.29 billion current US$ | +4.5% |
| 1980 | -1.58 billion current US$ | +22.6% |
| 1981 | -1.66 billion current US$ | +5.1% |
| 1982 | -1.52 billion current US$ | -8.4% |
| 1983 | -1.55 billion current US$ | +1.9% |
| 1984 | -1.38 billion current US$ | -11.1% |
| 1985 | -1.57 billion current US$ | +14.1% |
| 1986 | -1.27 billion current US$ | -19.5% |
| 1987 | -1.26 billion current US$ | -0.5% |
| 1988 | -1.32 billion current US$ | +4.7% |
| 1989 | -1.49 billion current US$ | +13.3% |
| 1990 | -4.96 billion current US$ | +231.8% |
| 1991 | -23.80 billion current US$ | +380.0% |
| 1992 | -1.91 billion current US$ | -92.0% |
| 1993 | -1.30 billion current US$ | -31.6% |
| 1994 | -1.49 billion current US$ | +14.6% |
| 1995 | -1.47 billion current US$ | -2.0% |
| 1996 | -1.49 billion current US$ | +1.7% |
| 1997 | -1.51 billion current US$ | +1.1% |
| 1998 | -1.78 billion current US$ | +17.8% |
| 1999 | -2.00 billion current US$ | +12.9% |
| 2000 | -1.96 billion current US$ | -2.4% |
| 2001 | -2.08 billion current US$ | +6.2% |
| 2002 | -2.15 billion current US$ | +3.3% |
| 2003 | -2.38 billion current US$ | +10.9% |
| 2004 | -2.55 billion current US$ | +7.3% |
| 2005 | -3.40 billion current US$ | +33.3% |
| 2006 | -3.62 billion current US$ | +6.4% |
| 2007 | -10.45 billion current US$ | +188.9% |
| 2008 | -10.69 billion current US$ | +2.3% |
| 2009 | -13.00 billion current US$ | +21.6% |
| 2010 | -12.26 billion current US$ | -5.7% |
| 2011 | -14.37 billion current US$ | +17.3% |
| 2012 | -16.71 billion current US$ | +16.3% |
| 2013 | -19.11 billion current US$ | +14.3% |
| 2014 | -20.68 billion current US$ | +8.2% |
| 2015 | -16.61 billion current US$ | -19.7% |
| 2016 | -17.34 billion current US$ | +4.4% |
| 2017 | -14.67 billion current US$ | -15.4% |
| 2018 | -14.85 billion current US$ | +1.3% |
| 2019 | -19.85 billion current US$ | +33.7% |
| 2020 | -17.53 billion current US$ | -11.7% |
| 2021 | -18.57 billion current US$ | +5.9% |
| 2022 | -17.90 billion current US$ | -3.6% |
| 2023 | -12.92 billion current US$ | -27.8% |
| 2024 | -14.57 billion current US$ | +12.8% |
Kuwait compared with similar countries
- Kuwait's -14.57 billion current US$ is below the median for high income countries, which is -387.92 million current US$, 37.6× the median. (73 countries reporting)
- Kuwait's -14.57 billion current US$ is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 2.17 billion current US$. (22 countries reporting)
Biggest year-on-year movements
Years where Net secondary income (Net current transfers from abroad) in Kuwait changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1991 | -380.0% | -4.96 billion current US$ | -23.80 billion current US$ |
| 1990 | -231.8% | -1.49 billion current US$ | -4.96 billion current US$ |
| 2007 | -188.9% | -3.62 billion current US$ | -10.45 billion current US$ |
| 1977 | -132.7% | -536.96 million current US$ | -1.25 billion current US$ |
| 1992 | +92.0% | -23.80 billion current US$ | -1.91 billion current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -1.08 billion current US$ | -1.29 billion current US$ | -536.96 million current US$ | 5 |
| 1980s | -1.46 billion current US$ | -1.66 billion current US$ | -1.26 billion current US$ | 10 |
| 1990s | -4.17 billion current US$ | -23.80 billion current US$ | -1.30 billion current US$ | 10 |
| 2000s | -5.23 billion current US$ | -13.00 billion current US$ | -1.96 billion current US$ | 10 |
| 2010s | -16.64 billion current US$ | -20.68 billion current US$ | -12.26 billion current US$ | 10 |
| 2020s | -16.30 billion current US$ | -18.57 billion current US$ | -12.92 billion current US$ | 5 |
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)
- 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)
- IMF holdings of currency, US dollar, per unit of GDP 0.0124 units per US$ of GDP (2025)
Frequently asked questions
- What is net secondary income (net current transfers from abroad) in Kuwait?
- Net secondary income (net current transfers from abroad) in Kuwait was -14.57 billion current US$ in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest net secondary income (net current transfers from abroad) recorded in Kuwait?
- The highest recorded value was -536.96 million current US$ in 1976.
- What is the lowest net secondary income (net current transfers from abroad) recorded in Kuwait?
- The lowest recorded value was -23.80 billion current US$ in 1991.
- How does Kuwait rank for net secondary income (net current transfers from abroad)?
- Kuwait ranks 193rd out of 203 countries with data for 2024.
- Is net secondary income (net current transfers from abroad) rising or falling in Kuwait?
- Over the last ten years it is up 29.5%. The long-run trend across the full record is volatile.
- Where does this Kuwait data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Net secondary income (Net current transfers from abroad) (current US$). Statizoid updates them automatically from the source API.
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About this data
Net secondary income (from abroad) comprises transfers of income between residents of the reporting country and the rest of the world that carry no provisions for repayment. Net secondary income is equal to the unrequited transfers of income from nonresidents to residents minus the unrequited transfers from residents to nonresidents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.