Insurance & Financial Services Trade Statistics in Kuwait (2026)
According to World Bank World Development Indicators data, insurance and financial services exports in Kuwait came to 13% of service exports in 2024. Down from 14.7% in 2023 to 13% in 2024 (−1.8 percentage points). Kuwait ranks #3 of 19 economies in Middle East, North Africa, Afghanistan & Pakistan on this measure, and #22 of 176 globally.
Key Statistics
- Latest value (2024)
- 13% (2024)
- Insurance & Financial Services Trade in Kuwait as of 2024, the most recent observation in World Bank World Development Indicators data.
- Change since 2023
- −1.8 pp (2024)
- Down from 14.7% in 2023 to 13% in 2024 (−1.8 percentage points).
- Earliest value in this dataset (1993)
- 4.8% (1993)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Up from 4.8% in 1993 to 13% in 2024.
- Peak value (2018)
- 31.7% (2018)
- Highest value in the available series; the 2024 value is 13%.
- Rank in Middle East, North Africa, Afghanistan & Pakistan
- #3 of 19 (2024)
- Kuwait ranks 3 of 19 countries in Middle East, North Africa, Afghanistan & Pakistan with data, based on each country's latest value.
- Global rank
- #22 of 176 (2024)
- Kuwait ranks 22 of 176 countries with data globally.
- Middle East, North Africa, Afghanistan & Pakistan average
- 9.9% (2024)
- Kuwait (13%) is above the average of 9.9% across the 19 countries in Middle East, North Africa, Afghanistan & Pakistan with data.
- Insurance and financial services (% of service imports, BoP) (2024)
- 9.9% (2024)
- Related indicator from World Bank World Development Indicators.
- Internet use in Kuwait (2025)
- 100% (2025)
- 100% of the population in Kuwait used the internet in 2025 (World Bank); shown for context only.
- Population (2024)
- 4.9 million (2024)
- Kuwait had a population of 4.9 million in 2024 (World Bank); shown for scale only.
Trend, 1993–2024
| Year | % of service exports (BoP) | Change |
|---|---|---|
| 2024 | 13% | −1.8 pp |
| 2023 | 14.7% | −1.9 pp |
| 2022 | 16.6% | −6.0 pp |
| 2021 | 22.6% | +7.1 pp |
| 2020 | 15.5% | +0.4 pp |
| 2019 | 15% | −16.7 pp |
| 2018 | 31.7% | +16.6 pp |
| 2017 | 15.1% | +5.1 pp |
| 2016 | 10% | +0.3 pp |
| 2015 | 9.8% | +0.9 pp |
| 2014 | 8.9% | −1.5 pp |
| 2013 | 10.4% | +7.0 pp |
| 2012 | 3.4% | −1.6 pp |
| 2011 | 4.9% | +1.0 pp |
| 2010 | 4% | +0.6 pp |
| 2009 | 3.3% | −0.4 pp |
| 2008 | 3.7% | +2.6 pp |
| 2007 | 1.2% | +0.0 pp |
| 2006 | 1.2% | −1.3 pp |
| 2005 | 2.5% | −0.7 pp |
| 2004 | 3.2% | −0.9 pp |
| 2003 | 4.1% | −3.6 pp |
| 2002 | 7.7% | +2.2 pp |
| 2001 | 5.4% | +0.5 pp |
| 2000 | 4.9% | −0.5 pp |
| 1999 | 5.5% | +0.3 pp |
| 1998 | 5.2% | −0.4 pp |
| 1997 | 5.6% | +0.9 pp |
| 1996 | 4.7% | +0.1 pp |
| 1995 | 4.6% | +0.6 pp |
| 1994 | 4% | −0.8 pp |
| 1993 | 4.8% | — |
Frequently asked questions
What is the latest figure for insurance and financial services exports in Kuwait?
Insurance and financial services exports in Kuwait stood at 13% of service exports in 2024, according to World Bank World Development Indicators data.
How does Kuwait compare with other countries in Middle East, North Africa, Afghanistan & Pakistan?
Kuwait ranks 3 of 19 countries in Middle East, North Africa, Afghanistan & Pakistan with data, with 13% versus a regional average of 9.9% (latest values per country).
Where does Kuwait rank globally on insurance & financial services trade?
Kuwait ranks 22 of 176 countries with data globally, based on the latest World Bank World Development Indicators value for each country.
When did insurance & financial services trade in Kuwait peak?
The highest value in the available series was 31.7% in 2018; the latest (2024) value is 13%.
How recent is the insurance & financial services trade data for Kuwait?
The most recent observation is from 2024. World Bank World Development Indicators data is reported with a lag, so 2024 is the latest available year for Kuwait.
Source & methodology
Source: World Bank, World Development Indicators, indicator
BX.GSR.INSF.ZS, retrieved .
Figures are shown exactly as published in the source dataset; only the change column of the trend table is computed from adjacent published values.Read more on the methodology page. All figures are estimates and projections; this is not financial advice.
Last updated .