Government Spending in Kuwait increased to 10429 KWD Million in 2019 from 9623.50 KWD Million in 2018. source: Central Bank of Kuwait

Government Spending in Kuwait averaged 2988.13 KWD Million from 1964 until 2019, reaching an all time high of 10429 KWD Million in 2019 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 September of 2021.

Government Spending in Kuwait is expected to reach 10066.04 KWD Million by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Kuwait Government Spending is projected to trend around 12045.00 KWD Million in 2022 and 12359.00 KWD Million in 2023, according to our econometric models.

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Kuwait Government Spending

Actual Previous Highest Lowest Dates Unit Frequency
10429.00 9623.50 10429.00 102.00 1964 - 2019 KWD Million Yearly
Current Prices, NSA

Kuwait Government Last Previous Highest Lowest Unit
Government Debt to GDP 11.50 11.80 151.10 1.09 percent of GDP [+]
Government Budget -9.40 4.40 43.30 -151.31 percent of GDP [+]
Government Spending 10429.00 9623.50 10429.00 102.00 KWD Million [+]
Military Expenditure 6940.00 7374.00 25171.00 620.00 USD Million [+]
Credit Rating 85.00 [+]

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.