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
1965 1419599432.1602
1966 1570799371.6802
1967 1453199418.7202
1968 1643599342.5603
1969 1758399296.6403
1970 1718919312.4323
1971 2574572168.3357
1972 3053056856.838
1973 3890792117.9343
1974 11050618964.288
1975 9674794850.2234
1976 10234380803.524
1977 10182645882.624
1978 10936074138.439
1979 19296875158.305
1980 22438280484.06
1981 17414854099.037
1982 11760578442.644
1983 12340939422.322
1984 13044565327.533
1985 11511107453.625
1986 8269241039.9353
1987 11752547342.13
1988 9841270620.6165
1989 12740870177.923
1990 8281249652.7778
1991 1860913430.5886
1992 8036810156.7825
1993 11437086423.841
1994 12636363299.663
1995 14233635340.16
1996 16465770902.01
1997 16040929754.177
1998 11379595479.662
1999 13836374685.873
2000 21300594617.15
2001 17901278849.101
2002 17014681784.979
2003 24938593076.789
2004 33831014591.11
2005 51691780821.918
2006 66566497573.886
2007 72695222613.946
2008 98390048655.646
2009 62981044877.252
2010 76952063278.287
2011 112783943705.86
2012 130069015775.03
2013 123418045128.69
2014 111425428809.38
2015 61608365575.1
2016 52112121322.446
2017 61787573759.684
2018 79460231954.324
2019 72581299096.541
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