Kuwait: Government spending, in dollars
* indicates monthly or quarterly data series
Kuwait |
Government spending, billion USD |
---|---|
Latest value | 34.35 |
Year | 2019 |
Measure | billion U.S. dollars |
Data availability | 1965 - 2019 |
Average | 10.09 |
Min - Max | 0.28 - 34.35 |
Source | The World Bank |
The latest value from 2019 is 34.35 billion U.S. dollars, an increase from 31.86 billion U.S. dollars in 2018. In comparison, the world average is 86.25 billion U.S. dollars, based on data from 166 countries. Historically, the average for Kuwait from 1965 to 2019 is 10.09 billion U.S. dollars. The minimum value, 0.28 billion U.S. dollars, was reached in 1965 while the maximum of 34.35 billion U.S. dollars was recorded in 2019.
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Definition: General government final consumption expenditure (formerly general government consumption) includes all government current expenditures for purchases of goods and services (including compensation of employees). It also includes most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation. Data are in current U.S. dollars.
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Related indicators | Latest | Reference | Measure |
---|---|---|---|
Government spending, percent of GDP | 25.22 | 2019 | percent |
Government spending, in dollars | 34.35 | 2019 | billion U.S. dollars |
Fiscal balance, percent of GDP | 30.60 | 2022 | percent |
Government debt | 2.95 | 2022 | percent |
Tax revenue | 1.49 | 1998 | 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 | 0.03 | 1998 | percent |
Taxes on international trade | 2.40 | 1998 | percent |
Income and profits taxes | 0.84 | 1998 | percent |
Foreign aid | 3.69 | 2004 | million U.S. dollars |