Kuwait | Exports of goods and services (current US$)
Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Data are in current U.S. dollars. Limitations and exceptions: Because policymakers have tended to focus on fostering the growth of output, and because data on production are easier to collect than data on spending, many countries generate their primary estimate of GDP using the production approach. Moreover, many countries do not estimate all the components of national expenditures but instead derive some of the main aggregates indirectly using GDP (based on the production approach) as the control total. Data on exports and imports are compiled from customs reports and balance of payments data. Although the data from the payments side provide reasonably reliable records of cross-border transactions, they may not adhere strictly to the appropriate definitions of valuation and timing used in the balance of payments or corresponds to the change-of ownership criterion. This issue has assumed greater significance with the increasing globalization of international business. Neither customs nor balance of payments data usually capture the illegal transactions that occur in many countries. Goods carried by travelers across borders in legal but unreported shuttle trade may further distort trade statistics. Statistical concept and methodology: Gross domestic product (GDP) from the expenditure side is made up of household final consumption expenditure, general government final consumption expenditure, gross capital formation (private and public investment in fixed assets, changes in inventories, and net acquisitions of valuables), and net exports (exports minus imports) of goods and services. Such expenditures are recorded in purchaser prices and include net taxes on products.
Publisher
The World Bank
Origin
State of Kuwait
Records
63
Source
Kuwait | Exports of goods and services (current US$)
1960
1961
1962
1963
1964
1419599432.1602 1965
1570799371.6802 1966
1453199418.7202 1967
1643599342.5603 1968
1758399296.6403 1969
1718919312.4323 1970
2574572168.3357 1971
3053056856.838 1972
3890792117.9343 1973
11050618964.288 1974
9674794850.2234 1975
10234380803.524 1976
10182645882.624 1977
10936074138.439 1978
19296875158.305 1979
22438280484.06 1980
17414854099.037 1981
11760578442.644 1982
12340939422.322 1983
13044565327.533 1984
11511107453.625 1985
8269241039.9353 1986
11752547342.13 1987
9841270620.6165 1988
12740870177.923 1989
8281249652.7778 1990
1860913430.5886 1991
8036810156.7825 1992
11437086423.841 1993
12636363299.663 1994
14233635340.16 1995
16465770902.01 1996
16040929754.177 1997
11379595479.662 1998
13836374685.873 1999
21300594617.15 2000
17901278849.101 2001
17014681784.979 2002
24938593076.789 2003
33831014591.11 2004
51691780821.918 2005
66566497573.886 2006
72695222613.946 2007
98390048655.646 2008
62981044877.252 2009
76952063278.287 2010
112783943705.86 2011
130069015775.03 2012
123418045128.69 2013
111425428809.38 2014
61608365575.1 2015
52112121322.446 2016
61787573759.684 2017
79460231954.324 2018
72581299096.541 2019
2020
2021
2022
Kuwait | Exports of goods and services (current US$)
Exports of goods and services represent the value of all goods and other market services provided to the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Data are in current U.S. dollars. Limitations and exceptions: Because policymakers have tended to focus on fostering the growth of output, and because data on production are easier to collect than data on spending, many countries generate their primary estimate of GDP using the production approach. Moreover, many countries do not estimate all the components of national expenditures but instead derive some of the main aggregates indirectly using GDP (based on the production approach) as the control total. Data on exports and imports are compiled from customs reports and balance of payments data. Although the data from the payments side provide reasonably reliable records of cross-border transactions, they may not adhere strictly to the appropriate definitions of valuation and timing used in the balance of payments or corresponds to the change-of ownership criterion. This issue has assumed greater significance with the increasing globalization of international business. Neither customs nor balance of payments data usually capture the illegal transactions that occur in many countries. Goods carried by travelers across borders in legal but unreported shuttle trade may further distort trade statistics. Statistical concept and methodology: Gross domestic product (GDP) from the expenditure side is made up of household final consumption expenditure, general government final consumption expenditure, gross capital formation (private and public investment in fixed assets, changes in inventories, and net acquisitions of valuables), and net exports (exports minus imports) of goods and services. Such expenditures are recorded in purchaser prices and include net taxes on products.
Publisher
The World Bank
Origin
State of Kuwait
Records
63
Source