Tax revenue in Kuwait
Kuwait: Tax revenue was 1.5% in 1998. ◆ Volatile
Tax revenue in Kuwait, 1972–1998
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 1998, tax revenue in Kuwait stood at 1.5%.
The figure is up 27.2% on the previous year and up 21.4% over ten years.
Over the whole period, tax revenue in Kuwait peaked at 37.4% in 1972 and was at its lowest, 0.1%, in 1992.
That places Kuwait 155th out of 157 countries with data for 1998, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Tax revenue in Kuwait, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1972 | 37.4% | — |
| 1973 | 37.2% | -0.6% |
| 1974 | 32.7% | -12.2% |
| 1977 | 4.6% | -85.9% |
| 1978 | 7.6% | +64.6% |
| 1979 | 2.2% | -71.3% |
| 1980 | 2.7% | +23.9% |
| 1981 | 3.7% | +38.4% |
| 1982 | 3.4% | -7.8% |
| 1983 | 3.2% | -6.0% |
| 1984 | 3.1% | -3.4% |
| 1985 | 1.9% | -38.1% |
| 1986 | 2.1% | +8.1% |
| 1987 | 1.3% | -39.5% |
| 1988 | 1.2% | -3.0% |
| 1989 | 1.2% | -4.4% |
| 1990 | 1.5% | +31.4% |
| 1991 | 0.3% | -83.5% |
| 1992 | 0.1% | -66.4% |
| 1993 | 1.1% | +1173.2% |
| 1994 | 1.4% | +30.2% |
| 1995 | 1.1% | -19.4% |
| 1996 | 1.0% | -15.8% |
| 1997 | 1.2% | +21.5% |
| 1998 | 1.5% | +27.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 20.3% | 2.2% | 37.4% | 6 |
| 1980s | 2.4% | 1.2% | 3.7% | 10 |
| 1990s | 1.0% | 0.1% | 1.5% | 9 |
Countries ranked near Kuwait
More public sector data for Kuwait
- Arms imports 503.00 million SIPRI trend indicator values (2024)
- 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)
- Military expenditure (current USD), per unit of GDP 0.0484 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 0.4887 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 7.79 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 27,890 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is tax revenue in Kuwait?
- Tax revenue in Kuwait was 1.5% in 1998, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest tax revenue recorded in Kuwait?
- The highest recorded value was 37.4% in 1972.
- What is the lowest tax revenue recorded in Kuwait?
- The lowest recorded value was 0.1% in 1992.
- How does Kuwait rank for tax revenue?
- Kuwait ranks 155th out of 157 countries with data for 1998.
- Is tax revenue rising or falling in Kuwait?
- Over the last ten years it is up 21.4%. 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 Tax revenue (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Taxes are compulsory, unrequited payments, in cash or in kind, made by institutional units to government units. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.