Kuwait's exports of goods and services (current LCU) was 27.51 billion in 2024, the latest year in the World Bank's World Development Indicators. That is down 13.23% from 31.71 billion in 2014 (1.41% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 27.51 billion | 2024 |
| Five years earlier | 22.26 billion | 2019 |
| Ten years earlier | 31.71 billion | 2014 |
| Highest | 36.41 billion | 2012 |
| Lowest | 507 million | 1965 |
| Average since 2015 | 22.81 billion | 2015–2024 |
| First recorded | 507 million |
What the numbers say
In 2024, Kuwait's exports of goods and services (current LCU) fell 6.2% on 2023 (from 29.33 billion to 27.51 billion).
Across the 30 yearly changes before that (1994 to 2023), the average change was +11% and a typical year strayed about 27.6% from that (the standard deviation). This year's change was 0.6 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 345.7% in 1992 and the biggest yearly fall was 77.8% in 1991. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 the straight-line trend is upward, about 1.47 billion a year. A straight line explains 52% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Kuwait had the 20th highest value of the 34 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Kuwait in the 2024 ranking
What this measures
Exports of goods includes changes in the economic ownership of goods from residents of the compiling economy to non-residents, irrespective of physical movement of goods across national borders. Exports of services includes services provided by residents to non-residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
All 60 values
| Year | Exports of goods and services (current LCU) |
|---|---|
| 2024 | 27,514,200,000 |
| 2023 | 29,328,600,000 |
| 2022 | 33,970,600,000 |
| 2021 | 23,146,700,000 |
| 2020 | 14,865,000,000 |
| 2019 | 22,263,000,000 |
| 2018 | 23,993,493,800 |
| 2017 | 18,743,260,500 |
| 2016 | 15,745,235,000 |
| 2015 | 18,534,694,700 |
Exports of goods and services (current LCU) in nearby economies
- Afghanistan — 198.16 billion (2024)
- Algeria — 6.36 trillion (2025)
- Bahrain — 15.53 billion (2024)
- Djibouti — 908.12 billion (2025)
- Egypt, Arab Rep. — 3.59 trillion (2025)
- Iran, Islamic Rep. — 69,364 trillion (2025)
- Iraq — 144.55 trillion (2024)
- Israel — 581.02 billion (2025)
- Lebanon — 541.98 trillion (2024)
- Libya — 182.99 billion (2025)
More economic policy & debt data for Kuwait
- Total reserves, including gold (current US$) — US$51.74 billion (2025)
- Total reserves, excluding gold (current US$) — US$40.65 billion (2025)
- GDP (current US$) — US$157.21 billion (2025)
- GDP (current LCU) — 48.18 billion (2025)
- GDP per capita (current US$) — US$32,312 (2025)
- GDP per capita (current LCU) — 9,902 (2025)
- GNI (current US$) — US$193.99 billion (2024)
- GNI (current LCU) — 59.49 billion (2024)
- GNI per capita (current LCU) — 12,148 (2024)
- General government final consumption expenditure (current US$) — US$41.5 billion (2024)
Reading data like this
Questions people ask
- What is Kuwait's exports of goods and services (current LCU)?
- 27.51 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1965?
- It is up 5,327% from 507 million in 1965 (7% a year on average, compounded). The highest value was 36.41 billion in 2012 and the lowest 507 million in 1965.
- How does Kuwait rank?
- 20th highest of 34 economies with data for 2024.
- Is the latest change in exports of goods and services (current LCU) unusual for Kuwait?
- In 2024, Kuwait's exports of goods and services (current LCU) fell 6.2% on 2023 (from 29.33 billion to 27.51 billion). Across the 30 yearly changes before that (1994 to 2023), the average change was +11% and a typical year strayed about 27.6% from that (the standard deviation). This year's change was 0.6 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator NE.EXP.GNFS.CN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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