Goods and services expense in Kuwait
Kuwait: Goods and services expense 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.
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
- Arms imports 503.00 million SIPRI trend indicator values (2024)
- Tax revenue 1.5% (1998)
- Taxes on income, profits and capital gains 0.8% (1998)
- Taxes on goods and services 0.0% (1998)
- Net investment in nonfinancial assets 2.8% (1998)
- Net lending (+) / net borrowing (-) -5.6% (1998)
- Interest payments 3.9% (1998)
- Grants and other revenue 96.6% (1998)
- Interest payments 0.1% (2006)
- Other taxes 0.1% (1998)
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.
Download this data
CSV · JSON — 31 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.