Services balance (credit less debit), Net (credits less debits) (US) in Kuwait
Kuwait: Services balance (credit less debit), Net (credits less debits) (US) was -15.86 billion in 2024. ◆ Volatile
Services balance (credit less debit), Net (credits less debits) in Kuwait, 2005–2024
Source: International Monetary Fund.
Analysis
Kuwait recorded -15.86 billion for services balance (credit less debit), net (credits less debits) in 2024.
That represents a change of up 17.0% on the previous year and up 9.5% over ten years.
Over the whole period, services balance (credit less debit), net (credits less debits) in Kuwait peaked at -2.19 billion in 2006 and was at its lowest, -28.72 billion, in 2018.
Kuwait ranks 186th of 197 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Services balance (credit less debit), Net (credits less debits) (US) in Kuwait, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -3.94 billion | — |
| 2006 | -2.19 billion | -44.3% |
| 2007 | -3.18 billion | +44.7% |
| 2008 | -3.82 billion | +20.3% |
| 2009 | -2.28 billion | -40.4% |
| 2010 | -6.78 billion | +197.6% |
| 2011 | -8.92 billion | +31.6% |
| 2012 | -12.26 billion | +37.5% |
| 2013 | -14.82 billion | +20.9% |
| 2014 | -17.52 billion | +18.2% |
| 2015 | -17.74 billion | +1.3% |
| 2016 | -20.82 billion | +17.4% |
| 2017 | -22.92 billion | +10.1% |
| 2018 | -28.72 billion | +25.3% |
| 2019 | -22.18 billion | -22.8% |
| 2020 | -12.01 billion | -45.9% |
| 2021 | -12.38 billion | +3.1% |
| 2022 | -16.94 billion | +36.8% |
| 2023 | -19.10 billion | +12.8% |
| 2024 | -15.86 billion | -17.0% |
Kuwait compared with similar countries
- Kuwait's -15.86 billion is below the median for high income countries, which is 910.63 million. (72 countries reporting)
- Kuwait's -15.86 billion is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 18.90 million. (20 countries reporting)
Biggest year-on-year movements
Years where Services balance (credit less debit), Net (credits less debits) (US) 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 |
|---|---|---|---|
| 2010 | -197.6% | -2.28 billion | -6.78 billion |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -3.08 billion | -3.94 billion | -2.19 billion | 5 |
| 2010s | -17.27 billion | -28.72 billion | -6.78 billion | 10 |
| 2020s | -15.26 billion | -19.10 billion | -12.01 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 services balance (credit less debit), net (credits less debits) in Kuwait?
- Services balance (credit less debit), net (credits less debits) in Kuwait was -15.86 billion in 2024, according to International Monetary Fund.
- What is the highest services balance (credit less debit), net (credits less debits) recorded in Kuwait?
- The highest recorded value was -2.19 billion in 2006.
- What is the lowest services balance (credit less debit), net (credits less debits) recorded in Kuwait?
- The lowest recorded value was -28.72 billion in 2018.
- How does Kuwait rank for services balance (credit less debit), net (credits less debits)?
- Kuwait ranks 186th out of 197 countries with data for 2024.
- Is services balance (credit less debit), net (credits less debits) rising or falling in Kuwait?
- Over the last ten years it is up 9.5%. The long-run trend across the full record is volatile.
- Where does this Kuwait data come from?
- The figures come from International Monetary Fund, published as part of Services 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.