Taxes on international trade in Kuwait
Kuwait: Taxes on international trade was 2.4% in 1998. ▲ Rising
Taxes on international trade 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 international trade in Kuwait stood at 2.4%.
The figure is up 21.1% on the previous year and up 89.7% over ten years.
Over the whole period, taxes on international trade in Kuwait peaked at 2.7% in 1993 and was at its lowest, 0.7%, in 1974.
Kuwait ranks 100th of 154 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 21 years of available data.
Taxes on international trade in Kuwait, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1972 | 1.5% | — |
| 1973 | 1.7% | +16.8% |
| 1974 | 0.7% | -61.8% |
| 1977 | 1.4% | +107.6% |
| 1978 | 1.5% | +7.7% |
| 1979 | 1.3% | -14.6% |
| 1980 | 0.8% | -38.2% |
| 1981 | 1.1% | +39.4% |
| 1982 | 2.0% | +87.1% |
| 1983 | 1.9% | -5.2% |
| 1984 | 1.5% | -20.3% |
| 1985 | 1.6% | +4.6% |
| 1986 | 1.3% | -21.3% |
| 1990 | 2.0% | +59.9% |
| 1991 | 2.3% | +13.3% |
| 1993 | 2.7% | +17.5% |
| 1994 | 2.7% | -0.7% |
| 1995 | 2.2% | -18.5% |
| 1996 | 2.2% | -0.8% |
| 1997 | 2.0% | -8.2% |
| 1998 | 2.4% | +21.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.3% | 0.7% | 1.7% | 6 |
| 1980s | 1.5% | 0.8% | 2.0% | 7 |
| 1990s | 2.3% | 2.0% | 2.7% | 8 |
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 international trade in Kuwait?
- Taxes on international trade in Kuwait was 2.4% in 1998, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on international trade recorded in Kuwait?
- The highest recorded value was 2.7% in 1993.
- What is the lowest taxes on international trade recorded in Kuwait?
- The lowest recorded value was 0.7% in 1974.
- How does Kuwait rank for taxes on international trade?
- Kuwait ranks 100th out of 154 countries with data for 1998.
- Is taxes on international trade rising or falling in Kuwait?
- Over the last ten years it is up 89.7%. The long-run trend across the full record is rising.
- 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 international trade (% of revenue). Statizoid updates them automatically from the source API.
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About this data
Taxes on international trade are taxes that become payable when goods cross the national or customs frontiers of the economic territory or when transactions in services exchange between residents and non-residents. 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.