Goods balance (credit less debit), Net (credits less debits) (US) in Kuwait
Kuwait: Goods balance (credit less debit), Net (credits less debits) (US) was 44.05 billion in 2024. ▼ Falling
Goods balance (credit less debit), Net (credits less debits) in Kuwait, 2005–2024
Source: International Monetary Fund.
Analysis
The most recent figure for goods balance (credit less debit), net (credits less debits) in Kuwait is 44.05 billion, measured in 2024.
The figure is down 13.9% on the previous year and down 43.1% over ten years.
Over the whole period, goods balance (credit less debit), net (credits less debits) in Kuwait peaked at 95.40 billion in 2012 and was at its lowest, 15.41 billion, in 2020.
That places Kuwait 16th out of 198 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently falling across the 20 years of available data.
Goods balance (credit less debit), Net (credits less debits) (US) in Kuwait, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 30.25 billion | — |
| 2006 | 40.21 billion | +32.9% |
| 2007 | 42.56 billion | +5.8% |
| 2008 | 64.00 billion | +50.4% |
| 2009 | 35.89 billion | -43.9% |
| 2010 | 47.56 billion | +32.5% |
| 2011 | 80.26 billion | +68.7% |
| 2012 | 95.40 billion | +18.9% |
| 2013 | 90.17 billion | -5.5% |
| 2014 | 77.41 billion | -14.2% |
| 2015 | 27.99 billion | -63.8% |
| 2016 | 20.05 billion | -28.4% |
| 2017 | 25.65 billion | +27.9% |
| 2018 | 45.71 billion | +78.2% |
| 2019 | 35.36 billion | -22.6% |
| 2020 | 15.41 billion | -56.4% |
| 2021 | 40.55 billion | +163.1% |
| 2022 | 71.95 billion | +77.4% |
| 2023 | 51.15 billion | -28.9% |
| 2024 | 44.05 billion | -13.9% |
Kuwait compared with similar countries
- Kuwait's 44.05 billion is above the median for high income countries, which is -810.36 million. (72 countries reporting)
- Kuwait's 44.05 billion is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is -3.29 billion. (20 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 42.59 billion | 30.25 billion | 64.00 billion | 5 |
| 2010s | 54.56 billion | 20.05 billion | 95.40 billion | 10 |
| 2020s | 44.62 billion | 15.41 billion | 71.95 billion | 5 |
Countries ranked near Kuwait
More financial sector data for Kuwait
- Reserve position in the IMF, US dollar, annual growth rate 11.16 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0044 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 142.41 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 5.86 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0032 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 103.99 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 11.16 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0044 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 142.41 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 5.86 % change on previous year (2025)
Frequently asked questions
- What is goods balance (credit less debit), net (credits less debits) in Kuwait?
- Goods balance (credit less debit), net (credits less debits) in Kuwait was 44.05 billion in 2024, according to International Monetary Fund.
- What is the highest goods balance (credit less debit), net (credits less debits) recorded in Kuwait?
- The highest recorded value was 95.40 billion in 2012.
- What is the lowest goods balance (credit less debit), net (credits less debits) recorded in Kuwait?
- The lowest recorded value was 15.41 billion in 2020.
- How does Kuwait rank for goods balance (credit less debit), net (credits less debits)?
- Kuwait ranks 16th out of 198 countries with data for 2024.
- Is goods balance (credit less debit), net (credits less debits) rising or falling in Kuwait?
- Over the last ten years it is down 43.1%. The long-run trend across the full record is falling.
- Where does this Kuwait data come from?
- The figures come from International Monetary Fund, published as part of Goods balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.