Tax revenue in Kuwait
Kuwait: Tax revenue was 118.00 million current LCU in 1998. ◆ Volatile
Tax revenue in Kuwait, 1972–1998
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 1998, tax revenue in Kuwait stood at 118.00 million current LCU.
Compared with earlier readings it is up 9.3% on the previous year and up 66.2% over ten years.
Over the whole period, tax revenue in Kuwait peaked at 1.25 billion current LCU in 1974 and was at its lowest, 5.00 million current LCU, in 1992.
Kuwait ranks 151st 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.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 508.50 million current LCU | 149.00 million current LCU | 1.25 billion current LCU | 6 |
| 1980s | 155.00 million current LCU | 71.00 million current LCU | 261.00 million current LCU | 10 |
| 1990s | 76.56 million current LCU | 5.00 million current LCU | 118.00 million current LCU | 9 |
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 tax revenue in Kuwait?
- Tax revenue in Kuwait was 118.00 million current LCU 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 1.25 billion current LCU in 1974.
- What is the lowest tax revenue recorded in Kuwait?
- The lowest recorded value was 5.00 million current LCU in 1992.
- How does Kuwait rank for tax revenue?
- Kuwait ranks 151st out of 157 countries with data for 1998.
- Is tax revenue rising or falling in Kuwait?
- Over the last ten years it is up 66.2%. 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 (current LCU). 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 in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.