Government Spending in Kuwait increased to 9623.50 KWD Million in 2018 from 9114.90 KWD Million in 2017.

Government Spending in Kuwait averaged 2859.49 KWD Million from 1964 until 2018, reaching an all time high of 9623.50 KWD Million in 2018 and a record low of 102 KWD Million in 1964. This page provides - Kuwait Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news. Kuwait Government Spending - values, historical data and charts - was last updated on October of 2020.

Government Spending in Kuwait is expected to reach 9864.00 KWD Million by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Kuwait Government Spending is projected to trend around 10121.00 KWD Million in 2021 and 10384.00 KWD Million in 2022, according to our econometric models.

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Kuwait Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
9623.50 9114.90 9623.50 102.00 1964 - 2018 KWD Million Yearly
Current Prices, NSA

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 Spending
Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth.