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