Insurance and financial services in Kuwait
Kuwait: Insurance and financial services was 8.9% in 2025. ◆ Volatile
Insurance and financial services in Kuwait, 1975–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of commercial service imports.
Analysis
The most recent figure for insurance and financial services in Kuwait is 8.9%, measured in 2025.
The figure is down 13.2% on the previous year and up 119.3% over ten years.
Over the whole period, insurance and financial services in Kuwait peaked at 15.3% in 2021 and was at its lowest, 0.7%, in 1980.
That places Kuwait 65th out of 197 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Insurance and financial services in Kuwait, year by year
| Year | % of commercial service imports | Change |
|---|---|---|
| 1975 | 4.7% | — |
| 1976 | 3.6% | -23.1% |
| 1977 | 2.4% | -34.7% |
| 1978 | 3.1% | +28.3% |
| 1979 | 2.5% | -17.5% |
| 1980 | 0.7% | -72.1% |
| 1981 | 5.7% | +713.1% |
| 1982 | 5.6% | -2.1% |
| 1983 | 5.0% | -11.0% |
| 1984 | 4.6% | -7.8% |
| 1985 | 1.4% | -69.4% |
| 1986 | 1.4% | +1.4% |
| 1987 | 1.3% | -11.4% |
| 1988 | 1.4% | +9.0% |
| 1989 | 1.4% | +5.2% |
| 1992 | 1.8% | +22.4% |
| 1993 | 1.7% | -4.3% |
| 1994 | 1.5% | -11.9% |
| 1995 | 1.7% | +13.8% |
| 1996 | 1.6% | -6.1% |
| 1997 | 1.6% | +1.9% |
| 1998 | 1.6% | -0.2% |
| 1999 | 1.6% | -0.5% |
| 2000 | 1.4% | -13.1% |
| 2001 | 1.4% | -0.7% |
| 2002 | 1.5% | +6.0% |
| 2003 | 2.1% | +45.4% |
| 2004 | 2.1% | -2.4% |
| 2005 | 1.7% | -17.7% |
| 2006 | 1.6% | -7.7% |
| 2007 | 1.6% | +0.8% |
| 2008 | 2.5% | +56.5% |
| 2009 | 4.5% | +79.3% |
| 2010 | 8.6% | +90.4% |
| 2011 | 8.4% | -1.9% |
| 2012 | 8.2% | -2.6% |
| 2013 | 3.6% | -56.6% |
| 2014 | 3.0% | -16.0% |
| 2015 | 4.1% | +36.0% |
| 2016 | 4.4% | +8.1% |
| 2017 | 5.9% | +33.3% |
| 2018 | 13.7% | +134.3% |
| 2019 | 5.9% | -57.0% |
| 2020 | 11.1% | +87.8% |
| 2021 | 15.3% | +37.7% |
| 2022 | 10.5% | -31.6% |
| 2023 | 11.1% | +5.8% |
| 2024 | 10.3% | -7.2% |
| 2025 | 8.9% | -13.2% |
Kuwait compared with similar countries
- Kuwait's 8.9% is above the median for high income countries, which is 6.4%, 1.4× the median. (72 countries reporting)
- Kuwait's 8.9% is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 6.7%, 1.3× the median. (22 countries reporting)
Biggest year-on-year movements
Years where Insurance and financial services in Kuwait changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1981 | +713.1% | 0.7% | 5.7% |
| 2018 | +134.3% | 5.9% | 13.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.3% | 2.4% | 4.7% | 5 |
| 1980s | 2.8% | 0.7% | 5.7% | 10 |
| 1990s | 1.6% | 1.5% | 1.8% | 8 |
| 2000s | 2.0% | 1.4% | 4.5% | 10 |
| 2010s | 6.6% | 3.0% | 13.7% | 10 |
| 2020s | 11.2% | 8.9% | 15.3% | 6 |
Countries ranked near Kuwait
More private sector data for Kuwait
- Merchandise trade 72.3% (2025)
- Food imports 17.5% (2024)
- Manufactures imports 73.2% (2024)
- Merchandise imports 41.61 billion current US$ (2025)
- Food exports 0.6% (2024)
- Manufactures exports 8.1% (2024)
- Merchandise exports 72.07 billion current US$ (2025)
- Merchandise exports (current US$), per capita 14,814 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.4585 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate -4.09 % change on previous year (2025)
Frequently asked questions
- What is insurance and financial services in Kuwait?
- Insurance and financial services in Kuwait was 8.9% in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest insurance and financial services recorded in Kuwait?
- The highest recorded value was 15.3% in 2021.
- What is the lowest insurance and financial services recorded in Kuwait?
- The lowest recorded value was 0.7% in 1980.
- How does Kuwait rank for insurance and financial services?
- Kuwait ranks 65th out of 197 countries with data for 2025.
- Is insurance and financial services rising or falling in Kuwait?
- Over the last ten years it is up 119.3%. The long-run trend across the full record is volatile.
- Where does this Kuwait data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Insurance and financial services (% of commercial service imports). Statizoid updates them automatically from the source API.
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About this data
Financial services covers services related to financial intermediation, financial risk management, liquidity transformation or auxiliary financial activities. It also includes insurance and pension scheme services which are services related to providing life insurance and annuities, non-life insurance, reinsurance, pensions, standardised guarantees and auxiliary services to insurance, pension schemes, and standardised guarantee schemes. This indicator is expressed as a percentage of service imports which are commercial services provided by non-residents to residents.