Economic Trivia

Kuwait has crude oil reserves of about 102 billion barrels - about 7% of world reserves.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Top 3 Trade Partners (2018): China, United Arab Emirates, and United States
Top 3 Exported Goods (2018): Oil & Mineral Fuels, Organic Chemicals, and Motor Vehicles & Parts

Top Industries Source: CIA World Factbook

Petroleum; Petrochemicals; Cement; Shipbuilding and Repair

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $304,938,677,378 (2018)
GDP Growth Rate (annual %) 1.24% (2018)
GDP Per Capita, PPP (current international) $73,705 (2018)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 58/196 (2018)

GDP Composition %

Note: GDP composition percentage may exceed 100. Manufacturing is included in the Industry figures and is also reported separately because it plays a critical role in many economies.

Economic Indicators [1]

Inflation, consumer prices (annual %) 2.172% (2017)
External debt stocks, total (DOD, current US$) Data unavailable
Total tax rate (% of commercial profits) 13% (2018)
Real Interest Rate (5 year average %) -10.062% (2018)
Manufacturing, value added (% of GDP) 7.88% (2018)
Current Account Balance (BoP, current US$) $24,049,115,228 (2018)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 2,399,511 (2018)
Employment in Agriculture (% of total employment) 2.262% (2018)
Employment in Industry (% of total employment) 25.394% (2018)
Employment in Services (% of total employment) 72.344% (2018)
Unemployment Rate 2.076% (2018)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $57,457,962,413 (2017)
Exports of goods and services (current US$) $60,237,388,724 (2017)
Total Merchandise Trade (% of GDP) 76.363% (2018)
FDI, net inflows (BoP, current US$) ($21,377,569) (2018)
Commercial Service Exports (current US$) $7,560,892,447 (2018)
Click on a row to display its 5-year graph on the right.

Economic Snapshot [1]

Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Kuwait’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment


  1. The World Bank