Kuwait: Taxes on international trade
* indicates monthly or quarterly data series
| Kuwait |
Taxes on international trade, percent of total revenue |
|---|---|
| Latest value | 2.40 |
| Year | 1998 |
| Measure | percent |
| Data availability | 1972 - 1998 |
| Average | 1.74 |
| Min - Max | 0.66 - 2.69 |
| Source | The World Bank |
The latest value from 1998 is 2.4 percent, an increase from 1.98 percent in 1997. In comparison, the world average is 12.11 percent, based on data from 83 countries. Historically, the average for Kuwait from 1972 to 1998 is 1.74 percent. The minimum value, 0.66 percent, was reached in 1974 while the maximum of 2.69 percent was recorded in 1993.
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Definition: Taxes on international trade include import duties, export duties, profits of export or import monopolies, exchange profits, and exchange taxes.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Government spending, percent of GDP | 20.75 | 2022 | percent |
| Government spending, in dollars | 38.08 | 2022 | billion U.S. dollars |
| Fiscal balance, percent of GDP | 29.92 | 2023 | percent |
| Government debt | 3.17 | 2023 | percent |
| Tax revenue | 1.49 | 1998 | percent |
| Commercial tax rate | 13.00 | 2019 | percent |
| Tax preparation time | 98 | 2019 | hours |
| Taxes on goods and services | 0.03 | 1998 | percent |
| Taxes on international trade | 2.40 | 1998 | percent |
| Income and profits taxes | 0.84 | 1998 | percent |
| Foreign aid | 4.23 | 1995 | million U.S. dollars |