Kuwait - External balance on goods and services (% of GDP)
External balance on goods and services (% of GDP) in Kuwait was 8.40 as of 2019. Its highest value over the past 54 years was 71.12 in 1974, while its lowest value was -108.81 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).
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
Year | Value |
---|---|
1965 | 44.59 |
1966 | 41.33 |
1967 | 31.08 |
1968 | 35.65 |
1969 | 34.58 |
1970 | 35.70 |
1971 | 47.68 |
1972 | 47.94 |
1973 | 49.77 |
1974 | 71.12 |
1975 | 54.46 |
1976 | 45.38 |
1977 | 28.58 |
1978 | 30.67 |
1979 | 49.15 |
1980 | 44.05 |
1981 | 31.02 |
1982 | 2.14 |
1983 | 9.78 |
1984 | 15.47 |
1985 | 10.93 |
1986 | -1.83 |
1987 | 15.42 |
1988 | 4.62 |
1989 | 11.03 |
1990 | -13.13 |
1991 | -108.81 |
1992 | -13.75 |
1993 | 3.49 |
1994 | 8.52 |
1995 | 10.39 |
1996 | 13.10 |
1997 | 13.26 |
1998 | -7.23 |
1999 | 6.50 |
2000 | 26.33 |
2001 | 15.77 |
2002 | 8.01 |
2003 | 17.63 |
2004 | 24.54 |
2005 | 35.71 |
2006 | 41.38 |
2007 | 35.10 |
2008 | 40.84 |
2009 | 30.06 |
2010 | 36.32 |
2011 | 47.31 |
2012 | 48.45 |
2013 | 44.12 |
2014 | 36.98 |
2015 | 8.83 |
2016 | -0.90 |
2017 | 4.55 |
2018 | 11.88 |
2019 | 8.40 |
Aggregation method: Weighted average
Periodicity: Annual
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: National accounts