Kuwait - Expense (% of GDP)

Expense (% of GDP) in Kuwait was 34.55 as of 2006. Its highest value over the past 34 years was 210.21 in 1991, while its lowest value was 16.33 in 1979.

Definition: Expense is cash payments for operating activities of the government in providing goods and services. It includes compensation of employees (such as wages and salaries), interest and subsidies, grants, social benefits, and other expenses such as rent and dividends.

Source: International Monetary Fund, Government Finance Statistics Yearbook and data files, and World Bank and OECD GDP estimates.

See also:

Year Value
1972 20.70
1973 22.94
1974 19.41
1977 24.41
1978 24.51
1979 16.33
1980 18.86
1981 24.28
1982 30.83
1983 35.52
1984 31.78
1985 33.46
1986 38.61
1987 30.58
1988 39.54
1989 34.75
1990 48.05
1991 210.21
1992 92.25
1993 55.16
1994 52.17
1995 46.41
1996 41.77
1997 38.18
1998 46.51
2001 43.50
2002 41.42
2003 37.79
2004 35.27
2005 28.51
2006 34.55

Limitations and Exceptions: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD). Despite IMF efforts to standardize data collection, statistics are often incomplete, untimely, and not comparable across countries.

Statistical Concept and Methodology: The IMF's Government Finance Statistics Manual 2014, harmonized with the 2008 SNA, recommends an accrual accounting method, focusing on all economic events affecting assets, liabilities, revenues, and expenses, not just those represented by cash transactions. It accounts for all changes in stocks, so stock data at the end of an accounting period equal stock data at the beginning of the period plus flows over the period. The 1986 manual considered only debt stocks. Government finance statistics are reported in local currency. Many countries report government finance data by fiscal year; see country metadata for information on fiscal year end by country.

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Public Sector Indicators

Sub-Topic: Government finance