Kuwait: Tax revenue
* indicates monthly or quarterly data series
| Kuwait |
Tax revenue, percent of GDP |
|---|---|
| Latest value | 1.38 |
| Year | 2015 |
| Measure | percent |
| Data availability | 1972 - 2015 |
| Average | 4.26 |
| Min - Max | 0.09 - 37.43 |
| Source | The World Bank |
The latest value from 2015 is 1.38 percent, an increase from 0.89 percent in 2014. In comparison, the world average is 16.16 percent, based on data from 144 countries. Historically, the average for Kuwait from 1972 to 2015 is 4.26 percent. The minimum value, 0.09 percent, was reached in 1992 while the maximum of 37.43 percent was recorded in 1972.
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Definition: Tax revenue refers to compulsory transfers to the central government for public purposes. Certain compulsory transfers such as fines, penalties, and most social security contributions are excluded. Refunds and corrections of erroneously collected tax revenue are treated as negative revenue.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Government spending, percent of GDP | 24.77 | 2019 | percent |
| Government spending, in dollars | 34.35 | 2019 | billion U.S. dollars |
| Fiscal balance, percent of GDP | 29.92 | 2023 | percent |
| Government debt | 3.17 | 2023 | percent |
| Tax revenue | 1.38 | 2015 | percent |
| Commercial tax rate | 13.00 | 2019 | percent |
| Tax preparation time | 98 | 2019 | hours |
| Number of taxes | 12 | 2019 | taxes |
| Taxes on goods and services | 1.19 | 2015 | percent |
| Taxes on international trade | 2.39 | 2015 | percent |
| Income and profits taxes | 0.59 | 2008 | percent |
| Foreign aid | 3.69 | 2004 | million U.S. dollars |