Services, Credit/Revenue in Kuwait
Kuwait: Services, Credit/Revenue was 12.22 billion in 2024. ▲ Rising
Services, Credit/Revenue in Kuwait, 2005–2024
Source: International Monetary Fund.
Analysis
The most recent figure for services, credit/revenue in Kuwait is 12.22 billion, measured in 2024. That is the highest value across all 20 years on record.
The figure is up 8.1% on the previous year and up 94.9% over ten years.
Over the whole period, services, credit/revenue in Kuwait peaked at 12.22 billion in 2024 and was at its lowest, 4.77 billion, in 2005.
That places Kuwait 65th out of 198 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 20 years of available data.
Services, Credit/Revenue in Kuwait, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 4.77 billion | — |
| 2006 | 8.44 billion | +76.9% |
| 2007 | 10.17 billion | +20.4% |
| 2008 | 11.96 billion | +17.6% |
| 2009 | 11.47 billion | -4.1% |
| 2010 | 9.01 billion | -21.4% |
| 2011 | 10.10 billion | +12.1% |
| 2012 | 8.84 billion | -12.5% |
| 2013 | 6.18 billion | -30.1% |
| 2014 | 6.27 billion | +1.4% |
| 2015 | 6.06 billion | -3.4% |
| 2016 | 5.53 billion | -8.7% |
| 2017 | 5.28 billion | -4.5% |
| 2018 | 8.12 billion | +53.8% |
| 2019 | 8.04 billion | -1.0% |
| 2020 | 7.17 billion | -10.8% |
| 2021 | 8.71 billion | +21.4% |
| 2022 | 10.61 billion | +21.9% |
| 2023 | 11.30 billion | +6.5% |
| 2024 | 12.22 billion | +8.1% |
Kuwait compared with similar countries
- Kuwait's 12.22 billion is below the median for high income countries, which is 24.52 billion, 50% of the median. (72 countries reporting)
- Kuwait's 12.22 billion is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 9.83 billion, 1.2× the median. (20 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 9.36 billion | 4.77 billion | 11.96 billion | 5 |
| 2010s | 7.34 billion | 5.28 billion | 10.10 billion | 10 |
| 2020s | 10.00 billion | 7.17 billion | 12.22 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, credit/revenue in Kuwait?
- Services, credit/revenue in Kuwait was 12.22 billion in 2024, according to International Monetary Fund.
- What is the highest services, credit/revenue recorded in Kuwait?
- The highest recorded value was 12.22 billion in 2024.
- What is the lowest services, credit/revenue recorded in Kuwait?
- The lowest recorded value was 4.77 billion in 2005.
- How does Kuwait rank for services, credit/revenue?
- Kuwait ranks 65th out of 198 countries with data for 2024.
- Is services, credit/revenue rising or falling in Kuwait?
- Over the last ten years it is up 94.9%. The long-run trend across the full record is rising.
- Where does this Kuwait data come from?
- The figures come from International Monetary Fund, published as part of Services, Credit/Revenue (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.