Services, Debit/Expenditure in Kuwait
Kuwait: Services, Debit/Expenditure was 28.08 billion in 2024. ▲ Rising
Services, Debit/Expenditure in Kuwait, 2005–2024
Source: International Monetary Fund.
Analysis
Kuwait recorded 28.08 billion for services, debit/expenditure in 2024.
That represents a change of down 7.6% on the previous year and up 18.0% over ten years.
Over the whole period, services, debit/expenditure in Kuwait peaked at 36.84 billion in 2018 and was at its lowest, 8.71 billion, in 2005.
Kuwait ranks 43rd of 198 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 20 years of available data.
Services, Debit/Expenditure in Kuwait, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 8.71 billion | — |
| 2006 | 10.64 billion | +22.1% |
| 2007 | 13.34 billion | +25.4% |
| 2008 | 15.78 billion | +18.2% |
| 2009 | 13.74 billion | -12.9% |
| 2010 | 15.78 billion | +14.9% |
| 2011 | 19.01 billion | +20.5% |
| 2012 | 21.10 billion | +11.0% |
| 2013 | 21.00 billion | -0.4% |
| 2014 | 23.79 billion | +13.2% |
| 2015 | 23.80 billion | +0.0% |
| 2016 | 26.35 billion | +10.7% |
| 2017 | 28.20 billion | +7.0% |
| 2018 | 36.84 billion | +30.6% |
| 2019 | 30.22 billion | -18.0% |
| 2020 | 19.18 billion | -36.5% |
| 2021 | 21.09 billion | +10.0% |
| 2022 | 27.54 billion | +30.6% |
| 2023 | 30.40 billion | +10.4% |
| 2024 | 28.08 billion | -7.6% |
Kuwait compared with similar countries
- Kuwait's 28.08 billion is above the median for high income countries, which is 18.44 billion, 1.5× the median. (72 countries reporting)
- Kuwait's 28.08 billion is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 11.77 billion, 2.4× the median. (20 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 12.44 billion | 8.71 billion | 15.78 billion | 5 |
| 2010s | 24.61 billion | 15.78 billion | 36.84 billion | 10 |
| 2020s | 25.26 billion | 19.18 billion | 30.40 billion | 5 |
Countries ranked near Kuwait
More trade data for Kuwait
- Commodity Net Export Price Index, Individual Commodities Weighted by 66.4 (2025)
- Commodity Net Export Price Index, Individual Commodities Weighted by 82.43 (2025)
- Commodity Export Price Index, Individual Commodites Weighted by Ratio 82.45 (2025)
- Commodity Export Price Index, Individual Commodites Weighted by Ratio 64.93 (2025)
- Commodity Import Price Index, Individual Commodites Weighted by Ratio 100.02 (2025)
- Commodity Import Price Index, Individual Commodites Weighted by Ratio 100.91 (2025)
- Imports of low carbon technology products, Percent of GDP 0.6457 (2023)
- Imports of low carbon technology products, US dollar (World), per 220.03 units per person (2023)
- Imports of low carbon technology products, US dollar (World), per 0.0065 units per US$ of GDP (2023)
- Exports of low carbon technology products, US dollar (World), gaps 86.67 million (2023)
Frequently asked questions
- What is services, debit/expenditure in Kuwait?
- Services, debit/expenditure in Kuwait was 28.08 billion in 2024, according to International Monetary Fund.
- What is the highest services, debit/expenditure recorded in Kuwait?
- The highest recorded value was 36.84 billion in 2018.
- What is the lowest services, debit/expenditure recorded in Kuwait?
- The lowest recorded value was 8.71 billion in 2005.
- How does Kuwait rank for services, debit/expenditure?
- Kuwait ranks 43rd out of 198 countries with data for 2024.
- Is services, debit/expenditure rising or falling in Kuwait?
- Over the last ten years it is up 18.0%. 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, Debit/Expenditure (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.