Goods and services expense (current LCU) in Kuwait
Kuwait: Goods and services expense (current LCU) was 1.58 billion current LCU in 2006. ◆ Volatile
Goods and services expense in Kuwait, 1972–2006
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Kuwait recorded 1.58 billion current LCU for goods and services expense in 2006. That is the highest value across all 31 years on record.
Compared with earlier readings it is up 9.4% on the previous year and up 24.4% over ten years.
Over the whole period, goods and services expense in Kuwait peaked at 1.58 billion current LCU in 2006 and was at its lowest, 61.00 million current LCU, in 1972.
That places Kuwait 128th out of 155 countries with data for 2006, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Goods and services expense (current LCU) in Kuwait, year by year
| Year | current LCU | Change |
|---|---|---|
| 1972 | 61.00 million current LCU | — |
| 1973 | 80.00 million current LCU | +31.1% |
| 1974 | 140.00 million current LCU | +75.0% |
| 1977 | 329.00 million current LCU | +135.0% |
| 1978 | 278.00 million current LCU | -15.5% |
| 1979 | 391.00 million current LCU | +40.6% |
| 1980 | 486.00 million current LCU | +24.3% |
| 1981 | 493.00 million current LCU | +1.4% |
| 1982 | 562.00 million current LCU | +14.0% |
| 1983 | 594.00 million current LCU | +5.7% |
| 1984 | 598.00 million current LCU | +0.7% |
| 1985 | 636.00 million current LCU | +6.4% |
| 1986 | 564.00 million current LCU | -11.3% |
| 1987 | 537.00 million current LCU | -4.8% |
| 1988 | 532.00 million current LCU | -0.9% |
| 1989 | 735.00 million current LCU | +38.2% |
| 1990 | 842.00 million current LCU | +14.6% |
| 1991 | 201.00 million current LCU | -76.1% |
| 1992 | 1.12 billion current LCU | +456.2% |
| 1993 | 1.11 billion current LCU | -0.4% |
| 1994 | 1.11 billion current LCU | -0.6% |
| 1995 | 1.24 billion current LCU | +12.4% |
| 1996 | 1.27 billion current LCU | +1.9% |
| 1997 | 1.07 billion current LCU | -15.2% |
| 1998 | 959.00 million current LCU | -10.8% |
| 2001 | 1.06 billion current LCU | +10.6% |
| 2002 | 1.20 billion current LCU | +12.7% |
| 2003 | 1.44 billion current LCU | +20.1% |
| 2004 | 1.42 billion current LCU | -1.0% |
| 2005 | 1.44 billion current LCU | +1.5% |
| 2006 | 1.58 billion current LCU | +9.4% |
Kuwait compared with similar countries
- Kuwait's 1.58 billion current LCU is below the median for high income countries, which is 14.51 billion current LCU, 11% of the median. (57 countries reporting)
- Kuwait's 1.58 billion current LCU is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 40.65 billion current LCU, 4% of the median. (14 countries reporting)
Biggest year-on-year movements
Years where Goods and services expense (current LCU) 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 |
|---|---|---|---|
| 1992 | +456.2% | 201.00 million current LCU | 1.12 billion current LCU |
| 1977 | +135.0% | 140.00 million current LCU | 329.00 million current LCU |
| 1991 | -76.1% | 842.00 million current LCU | 201.00 million current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 213.17 million current LCU | 61.00 million current LCU | 391.00 million current LCU | 6 |
| 1980s | 573.70 million current LCU | 486.00 million current LCU | 735.00 million current LCU | 10 |
| 1990s | 992.00 million current LCU | 201.00 million current LCU | 1.27 billion current LCU | 9 |
| 2000s | 1.36 billion current LCU | 1.06 billion current LCU | 1.58 billion current LCU | 6 |
Countries ranked near Kuwait
More public sector data for Kuwait
- Democracy, annual growth rate -100 % change on previous year (2024)
- Elected parliament, annual growth rate -100 % change on previous year (2024)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Arms imports 311.00 million SIPRI trend indicator values (2025)
- Arms imports (SIPRI trend indicator values), per capita 102.71 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0031 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 1.21 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 503.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 1,591 current USD per person (2024)
Frequently asked questions
- What is goods and services expense in Kuwait?
- Goods and services expense in Kuwait was 1.58 billion current LCU in 2006, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest goods and services expense recorded in Kuwait?
- The highest recorded value was 1.58 billion current LCU in 2006.
- What is the lowest goods and services expense recorded in Kuwait?
- The lowest recorded value was 61.00 million current LCU in 1972.
- How does Kuwait rank for goods and services expense?
- Kuwait ranks 128th out of 155 countries with data for 2006.
- Is goods and services expense rising or falling in Kuwait?
- Over the last ten years it is up 24.4%. The long-run trend across the full record is volatile.
- Where does this Kuwait data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Goods and services expense (current LCU). Statizoid updates them automatically from the source API.
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About this data
Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Use of goods and services for account capital formation is excluded. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.