Taxes on goods and services (current LCU) in Kuwait
Kuwait: Taxes on goods and services (current LCU) was 1.00 million current LCU in 1998. ◆ Volatile
Taxes on goods and services in Kuwait, 1972–1998
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Kuwait recorded 1.00 million current LCU for taxes on goods and services in 1998. That is the lowest value across all 23 years on record.
The figure is down 50.0% over ten years.
Over the whole period, taxes on goods and services in Kuwait peaked at 300.00 million current LCU in 1974 and was at its lowest, 1.00 million current LCU, in 1990.
Kuwait ranks 156th of 157 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Taxes on goods and services (current LCU) in Kuwait, year by year
| Year | current LCU | Change |
|---|---|---|
| 1972 | 121.00 million current LCU | — |
| 1973 | 133.00 million current LCU | +9.9% |
| 1974 | 300.00 million current LCU | +125.6% |
| 1977 | 37.00 million current LCU | -87.7% |
| 1978 | 21.00 million current LCU | -43.2% |
| 1979 | 23.00 million current LCU | +9.5% |
| 1980 | 22.00 million current LCU | -4.3% |
| 1981 | 38.00 million current LCU | +72.7% |
| 1982 | 36.00 million current LCU | -5.3% |
| 1983 | 25.00 million current LCU | -30.6% |
| 1984 | 46.00 million current LCU | +84.0% |
| 1985 | 29.00 million current LCU | -37.0% |
| 1986 | 20.00 million current LCU | -31.0% |
| 1987 | 2.00 million current LCU | -90.0% |
| 1988 | 2.00 million current LCU | +0.0% |
| 1989 | 3.00 million current LCU | +50.0% |
| 1990 | 1.00 million current LCU | -66.7% |
| 1992 | 1.00 million current LCU | +0.0% |
| 1993 | 1.00 million current LCU | +0.0% |
| 1994 | 1.00 million current LCU | +0.0% |
| 1995 | 1.00 million current LCU | +0.0% |
| 1997 | 1.00 million current LCU | +0.0% |
| 1998 | 1.00 million current LCU | +0.0% |
Kuwait compared with similar countries
- Kuwait's 1.00 million current LCU is below the median for high income countries, which is 39.13 billion current LCU, 0% of the median. (57 countries reporting)
- Kuwait's 1.00 million current LCU is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 96.87 billion current LCU, 0% of the median. (14 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 105.83 million current LCU | 21.00 million current LCU | 300.00 million current LCU | 6 |
| 1980s | 22.30 million current LCU | 2.00 million current LCU | 46.00 million current LCU | 10 |
| 1990s | 1.00 million current LCU | 1.00 million current LCU | 1.00 million current LCU | 7 |
Countries ranked near Kuwait
- 153 Marshall Islands 14.36 million current LCU
- 154 Nauru 8.93 million current LCU
- 155 Micronesia (country) 4.69 million current LCU
- 157 Zimbabwe 932,468 current LCU
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)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Democracy 0 (2025)
- Chief executive of the government is elected 0 (2025)
- Elected parliament 0 (2025)
- Men's universal right to vote 1 (2025)
- Competitive elections 0 (2025)
- Universal right to vote 2 (2025)
Frequently asked questions
- What is taxes on goods and services in Kuwait?
- Taxes on goods and services in Kuwait was 1.00 million current LCU in 1998, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on goods and services recorded in Kuwait?
- The highest recorded value was 300.00 million current LCU in 1974.
- What is the lowest taxes on goods and services recorded in Kuwait?
- The lowest recorded value was 1.00 million current LCU in 1990.
- How does Kuwait rank for taxes on goods and services?
- Kuwait ranks 156th out of 157 countries with data for 1998.
- Is taxes on goods and services rising or falling in Kuwait?
- Over the last ten years it is down 50.0%. 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 Taxes on goods and services (current LCU). Statizoid updates them automatically from the source API.
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About this data
General taxes on goods and services are taxes levied on the production, leasing, delivery, sale, purchase or other change of ownership of a wide range of goods and the provision of a wide range of services. 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.