Kuwait - External balance on goods and services (current LCU)

The value for External balance on goods and services (current LCU) in Kuwait was 3,474,966,000 as of 2019. As the graph below shows, over the past 54 years this indicator reached a maximum value of 23,607,000,000 in 2012 and a minimum value of -3,405,500,000 in 1991.

Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). Data are in current local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.

Year Value
1965 334,000,000
1966 353,000,000
1967 271,000,000
1968 339,000,000
1969 342,000,000
1970 366,400,000
1971 658,900,000
1972 701,800,000
1973 798,300,000
1974 2,711,700,000
1975 1,899,000,000
1976 1,742,400,000
1977 1,158,000,000
1978 1,308,000,000
1979 3,362,000,000
1980 3,410,000,000
1981 2,167,000,000
1982 133,000,000
1983 594,790,100
1984 994,000,100
1985 705,000,200
1986 -94,999,800
1987 961,000,200
1988 266,999,800
1989 788,000,000
1990 -697,000,000
1991 -3,405,500,000
1992 -801,000,000
1993 252,000,200
1994 628,999,900
1995 843,000,000
1996 1,235,000,000
1997 1,221,000,000
1998 -572,000,000
1999 596,000,000
2000 3,046,000,000
2001 1,687,000,000
2002 928,000,000
2003 2,515,000,000
2004 4,298,000,000
2005 8,425,000,000
2006 12,194,000,000
2007 11,435,000,000
2008 16,179,000,000
2009 9,166,000,000
2010 12,014,000,000
2011 20,116,000,000
2012 23,607,000,000
2013 21,790,000,000
2014 17,114,000,000
2015 3,045,000,000
2016 -296,000,000
2017 1,666,727,000
2018 4,955,788,000
2019 3,474,966,000

Periodicity: Annual

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts