Kuwait recorded a Government Budget surplus equal to 6.60 percent of the country's Gross Domestic Product in 2017.

Government Budget in Kuwait averaged 8.26 percent of GDP from 1990 until 2017, reaching an all time high of 43.30 percent of GDP in 2005 and a record low of -151.31 percent of GDP in 1991. This page provides - Kuwait Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news. Kuwait Government Budget - values, historical data and charts - was last updated on July of 2020.

Government Budget in Kuwait is expected to reach 4.00 percent of GDP by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Kuwait Government Budget is projected to trend around 2.50 percent of GDP in 2021 and 1.50 percent of GDP in 2022, according to our econometric models.

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Kuwait Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
11.40 6.60 43.30 -151.31 1990 - 2018 percent of GDP Yearly

Kuwait Government Last Previous Highest Lowest Unit
Government Debt to GDP 14.80 20.70 151.10 1.09 percent [+]
Government Budget 11.40 6.60 43.30 -151.31 percent of GDP [+]
Government Spending 9623.50 9114.90 9623.50 102.00 KWD Million [+]
Credit Rating 88.00 [+]
Military Expenditure 7211.00 6765.00 24808.00 611.00 USD Million [+]


Kuwait Government Budget
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.