Kuwait's economy remains predominantly dependent on oil exports, which continue to drive both national revenue and the performance of non-oil sectors. Oil exports account for approximately 91% of the country's total export value, underscoring the strategic weight of the hydrocarbons sector in the national economy.
In parallel with its reliance on oil, the State of Kuwait continues to advance its economic diversification agenda by promoting private-sector engagement and fostering entrepreneurship, with particular emphasis on SMEs and the logistics backbone that supports them.
Community, social, and personal services represent the largest contributor to Kuwait's non-oil GDP, generating KWD 12.17 billion in 2024 — equivalent to 25% of the total GDP at current prices. Trade, transportation, and storage are the next largest non-oil contributors.
