Trade as share of gdp in Kuwait
Kuwait: Trade as share of gdp was 93.99 in 2024. ▼ Falling
Latest (2024)
93.99
Change on year
down 2.1%
World rank
75th
of 191 countries
All-time high
142.61
in 1991
All-time low
81.23
in 2002
Years of data
60
1965–2024
Trade as share of gdp in Kuwait, 1965–2024
Source: Our World in Data.
Analysis
The most recent figure for trade as share of gdp in Kuwait is 93.99, measured in 2024.
The figure is down 2.1% on the previous year and down 6.0% over ten years.
Over the whole period, trade as share of gdp in Kuwait peaked at 142.61 in 1991 and was at its lowest, 81.23, in 2002.
Kuwait ranks 75th of 191 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 60 years of available data.
Trade as share of gdp in Kuwait, year by year
| Year | Value | Change |
|---|---|---|
| 1965 | 90.79 | — |
| 1966 | 90.05 | -0.8% |
| 1967 | 87.96 | -2.3% |
| 1968 | 87.8 | -0.2% |
| 1969 | 92.42 | +5.3% |
| 1970 | 83.93 | -9.2% |
| 1971 | 85.01 | +1.3% |
| 1972 | 89.26 | +5.0% |
| 1973 | 94.1 | +5.4% |
| 1974 | 98.8 | +5.0% |
| 1975 | 106.48 | +7.8% |
| 1976 | 110.49 | +3.8% |
| 1977 | 115.47 | +4.5% |
| 1978 | 110.41 | -4.4% |
| 1979 | 106.79 | -3.3% |
| 1980 | 112.65 | +5.5% |
| 1981 | 107.98 | -4.1% |
| 1982 | 106.87 | -1.0% |
| 1983 | 108.48 | +1.5% |
| 1984 | 104.75 | -3.4% |
| 1985 | 96.42 | -8.0% |
| 1986 | 94.2 | -2.3% |
| 1987 | 89.66 | -4.8% |
| 1988 | 90.5 | +0.9% |
| 1989 | 93.77 | +3.6% |
| 1990 | 103.01 | +9.9% |
| 1991 | 142.61 | +38.4% |
| 1992 | 94.69 | -33.6% |
| 1993 | 92.06 | -2.8% |
| 1994 | 93.18 | +1.2% |
| 1995 | 94.32 | +1.2% |
| 1996 | 91.47 | -3.0% |
| 1997 | 92.44 | +1.1% |
| 1998 | 94.96 | +2.7% |
| 1999 | 85.37 | -10.1% |
| 2000 | 86.62 | +1.5% |
| 2001 | 86.85 | +0.3% |
| 2002 | 81.23 | -6.5% |
| 2003 | 86.56 | +6.6% |
| 2004 | 89.3 | +3.2% |
| 2005 | 92.24 | +3.3% |
| 2006 | 89.71 | -2.7% |
| 2007 | 91.73 | +2.3% |
| 2008 | 92.68 | +1.0% |
| 2009 | 88.81 | -4.2% |
| 2010 | 97.03 | +9.3% |
| 2011 | 99.12 | +2.2% |
| 2012 | 101.01 | +1.9% |
| 2013 | 97.61 | -3.4% |
| 2014 | 100.04 | +2.5% |
| 2015 | 98.7 | -1.3% |
| 2016 | 96.16 | -2.6% |
| 2017 | 97.84 | +1.7% |
| 2018 | 102.79 | +5.1% |
| 2019 | 91.69 | -10.8% |
| 2020 | 82.01 | -10.6% |
| 2021 | 82 | -0.0% |
| 2022 | 90.92 | +10.9% |
| 2023 | 96.03 | +5.6% |
| 2024 | 93.99 | -2.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 89.8 | 87.8 | 92.42 | 5 |
| 1970s | 100.07 | 83.93 | 115.47 | 10 |
| 1980s | 100.53 | 89.66 | 112.65 | 10 |
| 1990s | 98.41 | 85.37 | 142.61 | 10 |
| 2000s | 88.57 | 81.23 | 92.68 | 10 |
| 2010s | 98.2 | 91.69 | 102.79 | 10 |
| 2020s | 88.99 | 82 | 96.03 | 5 |
Countries ranked near Kuwait
- 72 Cape Verde 95.33 compare
- 73 Bosnia and Herzegovina 95.12 compare
- 74 Mauritania 94.02 compare
- 76 Northern Mariana Islands 93.16 compare
- 77 Morocco 93.1 compare
- 78 Micronesia, Federated States of 93.07 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)
- GNI (current LCU), annual growth rate -2.06 % change on previous year (2024)
- GNI (current LCU), per unit of GDP 0.3698 current LCU per US$ of GDP (2024)
- GNI (current LCU), per capita 12,148 current LCU per person (2024)
- Net primary income (Net income from abroad) (current US$), annual 2.48 % change on previous year (2024)
- Net primary income (Net income from abroad) (current LCU), annual 2.32 % change on previous year (2024)
- Taxes less subsidies on products (current US$), annual growth rate 4.27 % change on previous year (2025)
- Taxes less subsidies on products (current US$), per unit of GDP -0.075 current US$ per US$ of GDP (2025)
- Taxes less subsidies on products (current US$), per capita -2,423 current US$ per person (2025)
Frequently asked questions
- What is trade as share of gdp in Kuwait?
- Trade as share of gdp in Kuwait was 93.99 in 2024, according to Our World in Data.
- What is the highest trade as share of gdp recorded in Kuwait?
- The highest recorded value was 142.61 in 1991.
- What is the lowest trade as share of gdp recorded in Kuwait?
- The lowest recorded value was 81.23 in 2002.
- How does Kuwait rank for trade as share of gdp?
- Kuwait ranks 75th out of 191 countries with data for 2024.
- Is trade as share of gdp rising or falling in Kuwait?
- Over the last ten years it is down 6.0%. The long-run trend across the full record is falling.
- Where does this Kuwait data come from?
- The figures come from Our World in Data, published as part of Trade as share of gdp. Statizoid updates them automatically from the source API.
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