Kuwait: Net secondary income (net current transfers from abroad) (current US$)

Key figures

Over five years it is up 26.59% from −US$19.85 billion in 2019. Since 1975 it is down 1,264% from −US$1.07 billion in 1975.

What the numbers say

In 2024, Kuwait's net secondary income (net current transfers from abroad) (current US$) fell US$1.65 billion on 2023 (from −US$12.92 billion to −US$14.57 billion).

Across the 30 yearly changes before that (1994 to 2023), the average change was −US$387.34 million and a typical year strayed about US$2.26 billion 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 US$21.89 billion in 1992 and the biggest yearly fall was US$18.84 billion 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 there is no clear straight-line trend: a straight line explains 4% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

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 50th highest value of the 54 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

• Oman — 46th of 54: −US$9.29 billion
• Belgium — 47th of 54: −US$10.98 billion
• Spain — 48th of 54: −US$12.64 billion
• United Kingdom — 50th of 54: −US$22.63 billion
• Japan — 51st of 54: −US$28.09 billion
• France — 52nd of 54: −US$53.93 billion

What this measures

Net secondary income (from abroad) comprises transfers of income between residents of the reporting country and the rest of the world that carry no provisions for repayment. Net secondary income is equal to the unrequited transfers of income from nonresidents to residents minus the unrequited transfers from residents to nonresidents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.

All 50 values

Net secondary income (net current transfers from abroad) (current US$) in nearby economies

• Afghanistan — US$5.89 billion (2024)
• Algeria — US$2.55 billion (2024)
• Bahrain — −US$2.78 billion (2025)
• Djibouti — US$9.3 million (2024)
• Egypt, Arab Rep. — US$36.3 billion (2025)
• Iran, Islamic Rep. — US$819.7 million (2015)
• Iraq — US$357.4 million (2024)
• Israel — US$4.12 billion (2025)
• Jordan — US$5.06 billion (2025)
• Lebanon — US$6.39 billion (2024)
• Libya — −US$4.25 billion (2025)
• Morocco — US$14.32 billion (2025)
• Oman — −US$9.29 billion (2024)
• Pakistan — US$40.45 billion (2025)
• Qatar — −US$12.48 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$41.5 billion (2024)
• General government final consumption expenditure (current LCU) — 12.73 billion (2024)
• General government final consumption expenditure (% of GDP) — 25.79% (2024)
• Households and NPISHs final consumption expenditure (current US$) — US$66.91 billion (2024)
• Households and NPISHs final consumption expenditure (current LCU) — 20.52 billion (2024)
• Households and NPISHs final consumption expenditure (% of GDP) — 41.58% (2024)

Every indicator for Kuwait is on the Kuwait data page.

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Questions people ask

What is Kuwait's net secondary income (net current transfers from abroad) (current US$)?

−US$14.57 billion in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1975?

It is down 1,264% from −US$1.07 billion in 1975. The highest value was −US$536.96 million in 1976 and the lowest −US$23.8 billion in 1991.

How does Kuwait rank?

50th highest of 54 economies with data for 2024.

Is the latest change in net secondary income (net current transfers from abroad) (current US$) unusual for Kuwait?

In 2024, Kuwait's net secondary income (net current transfers from abroad) (current US$) fell US$1.65 billion on 2023 (from −US$12.92 billion to −US$14.57 billion). Across the 30 yearly changes before that (1994 to 2023), the average change was −US$387.34 million and a typical year strayed about US$2.26 billion 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.

Where does this data come from?

The World Bank's World Development Indicators, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; Staff estimates, World Bank (WB).

Source

World Bank, World Development Indicators, indicator NY.TRF.NCTR.CD, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; 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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