Taxes on income, profits and capital gains in Kuwait
Kuwait: Taxes on income, profits and capital gains was 0.8% in 1998. ◆ Volatile
Taxes on income, profits and capital gains in Kuwait, 1972–1998
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
In 1998, taxes on income, profits and capital gains in Kuwait stood at 0.8%.
The figure is up 75.6% on the previous year and up 37.1% over ten years.
Over the whole period, taxes on income, profits and capital gains in Kuwait peaked at 68.8% in 1972 and was at its lowest, 0.4%, in 1996.
Kuwait ranks 152nd of 153 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 income, profits and capital gains in Kuwait, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1972 | 68.8% | — |
| 1973 | 65.1% | -5.3% |
| 1974 | 34.1% | -47.7% |
| 1977 | 3.6% | -89.3% |
| 1978 | 8.5% | +132.3% |
| 1979 | 2.2% | -74.1% |
| 1980 | 1.9% | -12.4% |
| 1981 | 2.4% | +26.3% |
| 1982 | 2.1% | -12.3% |
| 1983 | 2.2% | +4.2% |
| 1984 | 2.0% | -9.0% |
| 1985 | 0.9% | -54.3% |
| 1986 | 0.6% | -33.7% |
| 1990 | 0.5% | -16.0% |
| 1991 | 0.8% | +48.7% |
| 1992 | 0.5% | -32.8% |
| 1993 | 0.7% | +29.0% |
| 1994 | 1.3% | +101.9% |
| 1995 | 0.8% | -42.3% |
| 1996 | 0.4% | -45.5% |
| 1997 | 0.5% | +13.7% |
| 1998 | 0.8% | +75.6% |
Kuwait compared with similar countries
- Kuwait's 0.8% is below the median for high income countries, which is 24.5%, 3% of the median. (55 countries reporting)
- Kuwait's 0.8% is below the median for Middle East, North Africa, Afghanistan & Pakistan, which is 19.3%, 4% of the median. (13 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 30.4% | 2.2% | 68.8% | 6 |
| 1980s | 1.8% | 0.6% | 2.4% | 7 |
| 1990s | 0.7% | 0.4% | 1.3% | 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 taxes on income, profits and capital gains in Kuwait?
- Taxes on income, profits and capital gains in Kuwait was 0.8% in 1998, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on income, profits and capital gains recorded in Kuwait?
- The highest recorded value was 68.8% in 1972.
- What is the lowest taxes on income, profits and capital gains recorded in Kuwait?
- The lowest recorded value was 0.4% in 1996.
- How does Kuwait rank for taxes on income, profits and capital gains?
- Kuwait ranks 152nd out of 153 countries with data for 1998.
- Is taxes on income, profits and capital gains rising or falling in Kuwait?
- Over the last ten years it is up 37.1%. 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 income, profits and capital gains (% of revenue). Statizoid updates them automatically from the source API.
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About this data
Taxes on income, profits, and capital gains are taxes payable on the actual or presumed incomes, profits and capital gains. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.