Kuwait - Trade in services (% of GDP)

Trade in services (% of GDP) in Kuwait was 24.87 as of 2020. Its highest value over the past 45 years was 55.25 in 1991, while its lowest value was 10.64 in 1975.

Definition: Trade in services is the sum of service exports and imports divided by the value of GDP, all in current U.S. dollars.

Source: International Monetary Fund, Balance of Payments Statistics Yearbook and data files, and World Bank and OECD GDP estimates.

See also:

Year Value
1975 10.64
1976 12.08
1977 14.37
1978 16.49
1979 13.93
1980 14.99
1981 17.15
1982 20.54
1983 21.50
1984 21.17
1985 24.36
1986 27.45
1987 22.83
1988 25.91
1989 22.47
1990 25.17
1991 55.25
1992 30.64
1993 24.15
1994 23.80
1995 24.80
1996 20.84
1997 22.70
1998 28.19
1999 22.35
2000 17.88
2001 20.12
2002 19.63
2003 20.38
2004 18.95
2005 16.70
2006 18.79
2007 20.51
2008 18.82
2009 23.79
2010 21.48
2011 18.89
2012 17.20
2013 15.61
2014 18.48
2015 26.06
2016 29.13
2017 27.74
2018 32.53
2019 28.09
2020 24.87

Aggregation method: Weighted average

Periodicity: Annual

General Comments: Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: Balance of payments