Kuwait - External balance on goods and services
External balance on goods and services (current US$)
The latest value for External balance on goods and services (current US$) in Kuwait was $11,445,870,000 as of 2019. Over the past 54 years, the value for this indicator has fluctuated between $84,340,830,000 in 2012 and ($11,978,540,000) in 1991.
Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). Data are in current U.S. dollars.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 1965 | $935,312,300 |
| 1966 | $988,518,600 |
| 1967 | $758,891,100 |
| 1968 | $949,313,900 |
| 1969 | $957,714,900 |
| 1970 | $1,026,043,000 |
| 1971 | $1,850,323,000 |
| 1972 | $2,133,779,000 |
| 1973 | $2,691,504,000 |
| 1974 | $9,248,636,000 |
| 1975 | $6,548,276,000 |
| 1976 | $5,958,960,000 |
| 1977 | $4,040,475,000 |
| 1978 | $4,754,635,000 |
| 1979 | $12,163,530,000 |
| 1980 | $12,615,610,000 |
| 1981 | $7,772,597,000 |
| 1982 | $461,966,000 |
| 1983 | $2,040,446,000 |
| 1984 | $3,356,974,000 |
| 1985 | $2,343,751,000 |
| 1986 | ($326,909,200) |
| 1987 | $3,448,153,000 |
| 1988 | $956,988,500 |
| 1989 | $2,682,097,000 |
| 1990 | ($2,420,139,000) |
| 1991 | ($11,978,540,000) |
| 1992 | ($2,730,061,000) |
| 1993 | $834,437,800 |
| 1994 | $2,117,845,000 |
| 1995 | $2,825,067,000 |
| 1996 | $4,124,916,000 |
| 1997 | $4,025,717,000 |
| 1998 | ($1,876,640,000) |
| 1999 | $1,957,950,000 |
| 2000 | $9,928,292,000 |
| 2001 | $5,500,489,000 |
| 2002 | $3,053,636,000 |
| 2003 | $8,439,598,000 |
| 2004 | $14,584,320,000 |
| 2005 | $28,852,740,000 |
| 2006 | $42,019,300,000 |
| 2007 | $40,235,750,000 |
| 2008 | $60,189,730,000 |
| 2009 | $31,848,510,000 |
| 2010 | $41,919,050,000 |
| 2011 | $72,884,060,000 |
| 2012 | $84,340,830,000 |
| 2013 | $76,833,570,000 |
| 2014 | $60,133,520,000 |
| 2015 | $10,119,640,000 |
| 2016 | ($979,808,000) |
| 2017 | $5,495,308,000 |
| 2018 | $16,409,890,000 |
| 2019 | $11,445,870,000 |
External balance on goods and services (current LCU)
The value for External balance on goods and services (current LCU) in Kuwait was 3,474,966,000 as of 2019. As the graph below shows, over the past 54 years this indicator reached a maximum value of 23,607,000,000 in 2012 and a minimum value of -3,405,500,000 in 1991.
Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). Data are in current local currency.
Source: World Bank national accounts data, and OECD National Accounts data files.
| Year | Value |
|---|---|
| 1965 | 334,000,000 |
| 1966 | 353,000,000 |
| 1967 | 271,000,000 |
| 1968 | 339,000,000 |
| 1969 | 342,000,000 |
| 1970 | 366,400,000 |
| 1971 | 658,900,000 |
| 1972 | 701,800,000 |
| 1973 | 798,300,000 |
| 1974 | 2,711,700,000 |
| 1975 | 1,899,000,000 |
| 1976 | 1,742,400,000 |
| 1977 | 1,158,000,000 |
| 1978 | 1,308,000,000 |
| 1979 | 3,362,000,000 |
| 1980 | 3,410,000,000 |
| 1981 | 2,167,000,000 |
| 1982 | 133,000,000 |
| 1983 | 594,790,100 |
| 1984 | 994,000,100 |
| 1985 | 705,000,200 |
| 1986 | -94,999,800 |
| 1987 | 961,000,200 |
| 1988 | 266,999,800 |
| 1989 | 788,000,000 |
| 1990 | -697,000,000 |
| 1991 | -3,405,500,000 |
| 1992 | -801,000,000 |
| 1993 | 252,000,200 |
| 1994 | 628,999,900 |
| 1995 | 843,000,000 |
| 1996 | 1,235,000,000 |
| 1997 | 1,221,000,000 |
| 1998 | -572,000,000 |
| 1999 | 596,000,000 |
| 2000 | 3,046,000,000 |
| 2001 | 1,687,000,000 |
| 2002 | 928,000,000 |
| 2003 | 2,515,000,000 |
| 2004 | 4,298,000,000 |
| 2005 | 8,425,000,000 |
| 2006 | 12,194,000,000 |
| 2007 | 11,435,000,000 |
| 2008 | 16,179,000,000 |
| 2009 | 9,166,000,000 |
| 2010 | 12,014,000,000 |
| 2011 | 20,116,000,000 |
| 2012 | 23,607,000,000 |
| 2013 | 21,790,000,000 |
| 2014 | 17,114,000,000 |
| 2015 | 3,045,000,000 |
| 2016 | -296,000,000 |
| 2017 | 1,666,727,000 |
| 2018 | 4,955,788,000 |
| 2019 | 3,474,966,000 |
External balance on goods and services (constant LCU)
The value for External balance on goods and services (constant LCU) in Kuwait was 8,550,212,000 as of 2019. As the graph below shows, over the past 9 years this indicator reached a maximum value of 15,103,200,000 in 2012 and a minimum value of 8,550,212,000 in 2019.
Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services). Data are in constant local currency.
Source: World Bank national accounts data, and OECD National Accounts data files.
| Year | Value |
|---|---|
| 2010 | 12,014,000,000 |
| 2011 | 14,640,600,000 |
| 2012 | 15,103,200,000 |
| 2013 | 14,029,800,000 |
| 2014 | 13,439,500,000 |
| 2015 | 12,322,800,000 |
| 2016 | 12,384,400,000 |
| 2017 | 9,772,800,000 |
| 2018 | 9,439,835,000 |
| 2019 | 8,550,212,000 |
External balance on goods and services (% of GDP)
External balance on goods and services (% of GDP) in Kuwait was 8.40 as of 2019. Its highest value over the past 54 years was 71.12 in 1974, while its lowest value was -108.81 in 1991.
Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services).
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 1965 | 44.59 |
| 1966 | 41.33 |
| 1967 | 31.08 |
| 1968 | 35.65 |
| 1969 | 34.58 |
| 1970 | 35.70 |
| 1971 | 47.68 |
| 1972 | 47.94 |
| 1973 | 49.77 |
| 1974 | 71.12 |
| 1975 | 54.46 |
| 1976 | 45.38 |
| 1977 | 28.58 |
| 1978 | 30.67 |
| 1979 | 49.15 |
| 1980 | 44.05 |
| 1981 | 31.02 |
| 1982 | 2.14 |
| 1983 | 9.78 |
| 1984 | 15.47 |
| 1985 | 10.93 |
| 1986 | -1.83 |
| 1987 | 15.42 |
| 1988 | 4.62 |
| 1989 | 11.03 |
| 1990 | -13.13 |
| 1991 | -108.81 |
| 1992 | -13.75 |
| 1993 | 3.49 |
| 1994 | 8.52 |
| 1995 | 10.39 |
| 1996 | 13.10 |
| 1997 | 13.26 |
| 1998 | -7.23 |
| 1999 | 6.50 |
| 2000 | 26.33 |
| 2001 | 15.77 |
| 2002 | 8.01 |
| 2003 | 17.63 |
| 2004 | 24.54 |
| 2005 | 35.71 |
| 2006 | 41.38 |
| 2007 | 35.10 |
| 2008 | 40.84 |
| 2009 | 30.06 |
| 2010 | 36.32 |
| 2011 | 47.31 |
| 2012 | 48.45 |
| 2013 | 44.12 |
| 2014 | 36.98 |
| 2015 | 8.83 |
| 2016 | -0.90 |
| 2017 | 4.55 |
| 2018 | 11.88 |
| 2019 | 8.40 |
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: National accounts
