Foreign Trade (As % of GDP) in Kuwait

Foreign trade as a share of GDP reached 98.0 % in 2017 in Kuwait, according to the National Statistical Office. This is 3.50 % more than in the previous year.

Historically, foreign trade as a share of GDP in Kuwait reached an all time high of 143 % in 1991 and an all time low of 81.2 % in 2002. When compared to Kuwait's main peers, foreign trade as a share of GDP in Bahrain amounted to 143 %, 76.0 % in Iraq, 48.8 % in Iran and 63.4 % in Saudi Arabia in 2017.

Kuwait has been ranked 55th within the group of 165 countries we follow in terms of foreign trade as a share of GDP, 15 places above the position seen 10 years ago.

Trade is the sum of exports and imports of goods and services measured as a share of gross domestic product.


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