Secondary income balance (credit less debit), Net (credits less) in Kuwait
Kuwait: Secondary income balance (credit less debit), Net (credits less) was -14.58 billion in 2024. ▼ Falling
Secondary income balance (credit less debit), Net (credits less) in Kuwait, 2005–2024
Source: International Monetary Fund.
Analysis
The most recent figure for secondary income balance (credit less debit), net (credits less) in Kuwait is -14.58 billion, measured in 2024.
The figure is down 12.7% on the previous year and up 29.5% over ten years.
Over the whole period, secondary income balance (credit less debit), net (credits less) in Kuwait peaked at -3.42 billion in 2005 and was at its lowest, -20.67 billion, in 2014.
That places Kuwait 190th out of 197 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 20 years of available data.
Secondary income balance (credit less debit), Net (credits less) in Kuwait, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -3.42 billion | — |
| 2006 | -3.67 billion | +7.4% |
| 2007 | -10.45 billion | +184.5% |
| 2008 | -10.69 billion | +2.3% |
| 2009 | -12.33 billion | +15.3% |
| 2010 | -12.26 billion | -0.6% |
| 2011 | -14.38 billion | +17.3% |
| 2012 | -16.71 billion | +16.3% |
| 2013 | -19.11 billion | +14.3% |
| 2014 | -20.67 billion | +8.2% |
| 2015 | -16.52 billion | -20.1% |
| 2016 | -16.73 billion | +1.3% |
| 2017 | -14.90 billion | -10.9% |
| 2018 | -14.85 billion | -0.3% |
| 2019 | -19.84 billion | +33.6% |
| 2020 | -17.60 billion | -11.3% |
| 2021 | -18.60 billion | +5.7% |
| 2022 | -17.91 billion | -3.7% |
| 2023 | -12.93 billion | -27.8% |
| 2024 | -14.58 billion | +12.8% |
Kuwait compared with similar countries
- Kuwait's -14.58 billion is below the median for high income countries, which is -347.77 million, 41.9× the median. (72 countries reporting)
- Kuwait's -14.58 billion is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 1.34 billion. (20 countries reporting)
Biggest year-on-year movements
Years where Secondary income balance (credit less debit), Net (credits less) in Kuwait changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2007 | -184.5% | -3.67 billion | -10.45 billion |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -8.11 billion | -12.33 billion | -3.42 billion | 5 |
| 2010s | -16.60 billion | -20.67 billion | -12.26 billion | 10 |
| 2020s | -16.32 billion | -18.60 billion | -12.93 billion | 5 |
Countries ranked near Kuwait
- 187 Switzerland -11.38 billion compare
- 188 Netherlands -12.10 billion compare
- 189 Spain -12.61 billion compare
- 191 Italy -20.28 billion compare
- 192 United Kingdom -23.39 billion compare
- 193 Japan -30.48 billion compare
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 secondary income balance (credit less debit), net (credits less) in Kuwait?
- Secondary income balance (credit less debit), net (credits less) in Kuwait was -14.58 billion in 2024, according to International Monetary Fund.
- What is the highest secondary income balance (credit less debit), net (credits less) recorded in Kuwait?
- The highest recorded value was -3.42 billion in 2005.
- What is the lowest secondary income balance (credit less debit), net (credits less) recorded in Kuwait?
- The lowest recorded value was -20.67 billion in 2014.
- How does Kuwait rank for secondary income balance (credit less debit), net (credits less)?
- Kuwait ranks 190th out of 197 countries with data for 2024.
- Is secondary income balance (credit less debit), net (credits less) rising or falling in Kuwait?
- Over the last ten years it is up 29.5%. 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 Secondary income 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.