The inflation rate in Benin was recorded at 0.50 percent in January of 2020. Inflation Rate in Benin averaged 2.09 percent from 2001 until 2020, reaching an all time high of 15.20 percent in August of 2008 and a record low of -3.80 percent in April of 2017. In Benin, the main components of the consumer price index are: Food and Non-Alcoholic Beverages (37.5 percent of total weight); Restaurants and Hotels (11.6 percent); Transports (11 percent) and Housing and Utilities (10.9 percent). Others include: Education (5.6 percent); Clothing and Footwear (5.1 percent); Miscellaneous Goods and Services (4.9 percent) and Health (4.6 percent). Communication, Household Contents, Equipment and Maintenance, Recreation and Culture and Alcoholic Beverages and Tobacco account for the remaining 8.8 percent of total weight. . This page provides the latest reported value for - Benin Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The Consumer Price Index in Benin increased 1.30 percent in January of 2020 over the previous month. Inflation Rate Mom in Benin averaged 0.13 percent from 2010 until 2020, reaching an all time high of 5 percent in January of 2012 and a record low of -2.60 percent in September of 2017. This page provides - Benin Inflation Rate MoM- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Cost of food in Benin increased 3.60 percent in February of 2020 over the same month in the previous year. Food Inflation in Benin averaged 1.42 percent from 2010 until 2020, reaching an all time high of 14.86 percent in January of 2011 and a record low of -6.70 percent in April of 2017. This page provides the latest reported value for - Benin Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Benin recorded a government debt equivalent to 26.20 percent of the country's Gross Domestic Product in 2018. Government Debt to GDP in Benin averaged 27.69 percent from 2000 until 2018, reaching an all time high of 58.20 percent in 2001 and a record low of 10.50 percent in 2007. Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields. This page provides - Benin Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Benin recorded a Government Budget deficit equal to 4.70 percent of the country's Gross Domestic Product in 2018. Government Budget in Benin averaged -2.83 percent of GDP from 2002 until 2018, reaching an all time high of 0.20 percent of GDP in 2007 and a record low of -6.50 percent of GDP in 2015. 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. This page provides - Benin Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Industrial Production in Benin increased 20.30 percent in the fourth quarter of 2019 over the same quarter in the previous year. Industrial Production in Benin averaged 5.19 percent from 2009 until 2019, reaching an all time high of 48.80 percent in the third quarter of 2012 and a record low of -29.20 percent in the second quarter of 2015. In Benin, industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing, mining, and utilities. This page provides - Benin Industrial Production- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Capacity Utilization in Benin decreased to 56.30 percent in the fourth quarter of 2019 from 76.30 percent in the third quarter of 2019. Capacity Utilization in Benin averaged 64.99 percent from 2008 until 2019, reaching an all time high of 78.30 percent in the third quarter of 2015 and a record low of 46.90 percent in the third quarter of 2010. This page provides - Benin Capacity Utilization- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Consumer Price Index CPI in Benin decreased to 103.70 points in March from 104.20 points in February of 2020. Consumer Price Index CPI in Benin averaged 98.70 points from 2009 until 2020, reaching an all time high of 104.20 points in February of 2020 and a record low of 88.70 points in June of 2009. In Benin, the Consumer Price Index or CPI measures changes in the prices paid by consumers for a basket of goods and services. This page provides - Benin Consumer Price Index (CPI) - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The transportation sub-index of the CPI basket in Benin decreased to 108.30 points in March of 2020 from 110.30 points in February of 2020. CPI Transportation in Benin averaged 112.23 points from 2009 until 2020, reaching an all time high of 140.50 points in January of 2012 and a record low of 91.20 points in June of 2009. This page provides - Benin Cpi Transportation- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Cpi Housing Utilities in Benin increased to 104.20 points in March from 103.30 points in February of 2020. Cpi Housing Utilities in Benin averaged 111.74 points from 2009 until 2020, reaching an all time high of 118.90 points in September of 2012 and a record low of 96.60 points in May of 2019. This page provides - Benin Cpi Housing Utilities- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Benin expanded 7.50 percent in the fourth quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Benin averaged 4.28 percent from 1961 until 2019, reaching an all time high of 9.95 percent in the fourth quarter of 1981 and a record low of -4.90 percent in the fourth quarter of 1975. Benin is one of the healthiest African democracies and has an active civil society. Agriculture is the most important sector of the economy. A large part of the population still depends on subsistence agriculture and agriculture products account for over 70 percent of total exports. Recent government investment in infrastructure, agriculture and tourism may result in growth in coming years. This page provides - Benin GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Standard & Poor's credit rating for Benin stands at B+ with stable outlook. Moody's credit rating for Benin was last set at B2 with positive outlook. Fitch's credit rating for Benin was last reported at B with stable outlook. In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of Benin thus having a big impact on the country's borrowing costs. This page includes the government debt credit rating for Benin as reported by major credit rating agencies.

Benin recorded 242 Coronavirus Cases since the epidemic began, according to the World Health Organization (WHO). In addition, Benin reported 2 Coronavirus Deaths. This page includes a chart with historical data for Benin Coronavirus Cases.

Benin recorded 2 Coronavirus Deaths since the epidemic began, according to the World Health Organization (WHO). In addition, Benin reported 242 Coronavirus Cases. This page includes a chart with historical data for Benin Coronavirus Deaths.

Benin recorded 62 Coronavirus Recovered since the epidemic began, according to the World Health Organization (WHO). In addition, Benin reported 2 Coronavirus Deaths. This page includes a chart with historical data for Benin Coronavirus Recovered.

IP Addresses in Kuwait decreased to 126534 IP in the first quarter of 2017 from 135358 IP in the fourth quarter of 2016. IP Addresses in Kuwait averaged 360426.33 IP from 2007 until 2017, reaching an all time high of 990909 IP in the fourth quarter of 2012 and a record low of 69969 IP in the third quarter of 2007. This page includes a chart with historical data for KuwaitIP Addresses.

Temperature in Kuwait decreased to 13.13 celsius in December from 20.26 celsius in November of 2015. Temperature in Kuwait averaged 25.11 celsius from 1839 until 2015, reaching an all time high of 38.84 celsius in July of 2012 and a record low of 8.07 celsius in January of 1911. This page includes a chart with historical data for Kuwait Average Temperature.

Precipitation in Kuwait increased to 39.18 mm in December from 13.26 mm in November of 2015. Precipitation in Kuwait averaged 9.66 mm from 1901 until 2015, reaching an all time high of 84.12 mm in January of 2004 and a record low of 0 mm in October of 1972. This page includes a chart with historical data for Kuwait Average Precipitation.

Government Revenues in Kuwait decreased to 961 KWD Million in December from 996.70 KWD Million in November of 2015. Government Revenues in Kuwait averaged 1115.16 KWD Million from 1993 until 2015, reaching an all time high of 3555.50 KWD Million in August of 2008 and a record low of 22.80 KWD Million in July of 1996. Government Revenues refer to all receipts the government gets, including taxes, custom duties, revenue from state-owned enterprises, capital revenues and foreign aid. Government Revenues are part of government budget balance calculation. This page provides - Kuwait Government Revenues- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Tourist Arrivals in Kuwait increased to 7055 Thousand in 2016 from 6941 Thousand in 2015. Tourist Arrivals in Kuwait averaged 6249.88 Thousand from 2000 until 2016, reaching an all time high of 8599 Thousand in 2004 and a record low of 3899 Thousand in 2006. This page provides - Kuwait Tourist Arrivals - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Kuwait recorded a government budget deficit of 431.90 KWD Million in December of 2015. Government Budget Value in Kuwait averaged 410.31 KWD Million from 1993 until 2015, reaching an all time high of 2819.60 KWD Million in April of 2012 and a record low of -6419.30 KWD Million in March of 2015. The government budget balance is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues. This page provides - Kuwait Government Budget Value - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Fiscal Expenditure in Kuwait increased to 1392.90 KWD Million in December from 910.70 KWD Million in November of 2015. Fiscal Expenditure in Kuwait averaged 704.85 KWD Million from 1993 until 2015, reaching an all time high of 8712.10 KWD Million in March of 2013 and a record low of 74.10 KWD Million in April of 2011. Fiscal expenditure refers to the sum of government expenses, including spending on goods and services, investment and transfer payments like social security and unemployment benefits. Fiscal expenditure are part of government budget balance calculation. This page provides - Kuwait Fiscal Expenditure- actual values, historical data, forecast, chart, statistics, economic calendar and news.

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. 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. This page provides - Kuwait Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Kuwait recorded a Current Account surplus of 12.70 percent of the country's Gross Domestic Product in 2018. Current Account to GDP in Kuwait averaged 19.06 percent from 1980 until 2018, reaching an all time high of 54.57 percent in 1981 and a record low of -242.19 percent in 1991. The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - Kuwait Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Kuwait recorded a government debt equivalent to 14.80 percent of the country's Gross Domestic Product in 2018. Government Debt to GDP in Kuwait averaged 34.10 percent from 1990 until 2018, reaching an all time high of 151.10 percent in 1991 and a record low of 1.09 percent in 1990. Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields. This page provides - Kuwait Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Military Expenditure in Kuwait increased to 7211 USD Million in 2018 from 6765 USD Million in 2017. Military Expenditure in Kuwait averaged 5566.47 USD Million from 1972 until 2018, reaching an all time high of 24808 USD Million in 1991 and a record low of 611 USD Million in 1972.

Kuwait recorded a capital and financial account deficit of 7389 KWD Million in 2018. Capital Flows in Kuwait averaged -3562.10 KWD Million from 1993 until 2018, reaching an all time high of 21172 KWD Million in 2013 and a record low of -22337 KWD Million in 2012. In Kuwait, international capital flows are measured using the Capital and Financial Account Balance of the Balance of Payments. This page provides - Kuwait Capital Flows - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Labor Force Participation Rate in Kuwait decreased to 74.80 percent in 2018 from 74.90 percent in 2017. Labor Force Participation Rate in Kuwait averaged 75.22 percent from 2014 until 2018, reaching an all time high of 75.80 percent in 2015 and a record low of 74.80 percent in 2018. This page provides - Kuwait Labor Force Participation Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product per capita in Kuwait was last recorded at 33537.90 US dollars in 2018. The GDP per Capita in Kuwait is equivalent to 266 percent of the world's average. GDP per capita in Kuwait averaged 40067.44 USD from 1995 until 2018, reaching an all time high of 49576.70 USD in 2007 and a record low of 33537.90 USD in 2018. The GDP per capita is obtained by dividing the country’s gross domestic product, adjusted by inflation, by the total population. This page provides - Kuwait GDP per capita - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product per capita in Kuwait was last recorded at 65515.40 US dollars in 2018, when adjusted by purchasing power parity (PPP). The GDP per Capita, in Kuwait, when adjusted by Purchasing Power Parity is equivalent to 369 percent of the world's average. GDP per capita PPP in Kuwait averaged 78270.76 USD from 1995 until 2018, reaching an all time high of 96846.90 USD in 2007 and a record low of 65515.40 USD in 2018. The GDP per capita PPP is obtained by dividing the country’s gross domestic product, adjusted by purchasing power parity, by the total population. This page provides - Kuwait GDP per capita PPP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Foreign Exchange Reserves in Kuwait decreased to -1072 KWD million in 2018 from -610 KWD million in 2017. Foreign Exchange Reserves in Kuwait averaged -348.46 KWD million from 1993 until 2018, reaching an all time high of 826 KWD million in 2015 and a record low of -1159 KWD million in 2011. This page provides - Kuwait Foreign Exchange Reserves- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Deposit Interest Rate in Kuwait increased to 1.70 percent in 2018 from 1.60 percent in 2017. Deposit Interest Rate in Kuwait averaged 4.83 percent from 1980 until 2018, reaching an all time high of 9.21 percent in 1981 and a record low of 1.60 percent in 2016. The Deposit Interest Rate is the average rate paid by commercial banks to individuals or corporations on deposits. This page includes a chart with historical data for Deposit Interest Rate in Kuwait.

Kuwait scored 65.10 points out of 100 on the 2018 Global Competitiveness Report published by the World Economic Forum. Competitiveness Index in Kuwait averaged 18.05 Points from 2007 until 2019, reaching an all time high of 65.10 Points in 2019 and a record low of 4.50 Points in 2015. The most recent 2018 edition of Global Competitiveness Report assesses 140 economies. The report is made up of 98 variables, from a combination of data from international organizations as well as from the World Economic Forum’s Executive Opinion Survey. The variables are organized into twelve pillars with the most important including: institutions; infrastructure; ICT adoption; macroeconomic stability; health; skills; product market; labour market; financial system; market size; business dynamism; and innovation capability. The GCI varies between 1 and 100, higher average score means higher degree of competitiveness. With the 2018 edition, the World Economic Forum introduced a new methodology, aiming to integrate the notion of the 4th Industrial Revolution into the definition of competitiveness. It emphasizes the role of human capital, innovation, resilience and agility, as not only drivers but also defining features of economic success in the 4th Industrial Revolution. This page provides the latest reported value for - Kuwait Competitiveness Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Kuwait is the 46 most competitive nation in the world out of 140 countries ranked in the 2018 edition of the Global Competitiveness Report published by the World Economic Forum. Competitiveness Rank in Kuwait averaged 38.92 from 2007 until 2019, reaching an all time high of 56 in 2017 and a record low of 30 in 2008. The most recent 2018 edition of Global Competitiveness Report assesses 140 economies. In 2018, the World Economic Forum introduced a new methodology emphasizing the role of human capital, innovation, resilience and agility, as not only drivers but also defining features of economic success in the 4th Industrial Revolution. As a result, the GCI scale changed to 1 to 100 from 1 to 7, with higher average score meaning higher degree of competitiveness. The report is made up of 98 variables organized into twelve pillars with the most important including: institutions; infrastructure; ICT adoption; macroeconomic stability; health; skills; product market; labour market; financial system; market size; business dynamism; and innovation capability. This page provides the latest reported value for - Kuwait Competitiveness Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Gold Reserves in Kuwait remained unchanged at 78.97 Tonnes in the fourth quarter of 2019 from 78.97 Tonnes in the third quarter of 2019. Gold Reserves in Kuwait averaged 78.98 Tonnes from 2000 until 2019, reaching an all time high of 80.51 Tonnes in the second quarter of 2011 and a record low of 78.72 Tonnes in the first quarter of 2001. Gold Reserves are country’s gold assets held or controlled by the central bank. This page provides - Kuwait Gold Reserves - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Producer Prices in Kuwait increased to 137.50 Index Points in September from 137.40 Index Points in August of 2019. Producer Prices in Kuwait averaged 104.30 Index Points from 1994 until 2019, reaching an all time high of 137.50 Index Points in September of 2019 and a record low of 80.40 Index Points in March of 1995. In Kuwait, the Wholesale Price Index measures the average change in price of goods and services sold at the wholesale market during a given period. This page provides the latest reported value for - Kuwait Producer Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Kuwait is ranked 83 among 190 economies in the ease of doing business, according to the latest World Bank annual ratings. The rank of Kuwait improved to 83 in 2019 from 97 in 2018. Ease of Doing Business in Kuwait averaged 85.92 from 2008 until 2019, reaching an all time high of 104 in 2013 and a record low of 52 in 2008. The Ease of doing business index ranks countries against each other based on how the regulatory environment is conducive to business operationstronger protections of property rights. Economies with a high rank (1 to 20) have simpler and more friendly regulations for businesses. This page includes a chart with historical data for Ease of Doing Business in Kuwait.

Terrorism Index in Kuwait decreased to 2.49 in 2018 from 3.13 in 2017. Terrorism Index in Kuwait averaged 1.29 from 2002 until 2018, reaching an all time high of 4.45 in 2015 and a record low of 0 in 2010. The Global Terrorism Index measures the direct and indirect impact of terrorism, including its effects on lives lost, injuries, property damage and the psychological aftereffects. It is a composite score that ranks countries according to the impact of terrorism from 0 (no impact) to 10 (highest impact).

Kuwait scored 40 points out of 100 on the 2019 Corruption Perceptions Index reported by Transparency International. Corruption Index in Kuwait averaged 44.29 Points from 2003 until 2019, reaching an all time high of 53 Points in 2003 and a record low of 39 Points in 2017. The Corruption Perceptions Index ranks countries and territories based on how corrupt their public sector is perceived to be. A country or territory’s score indicates the perceived level of public sector corruption on a scale of 0 (highly corrupt) to 100 (very clean). This page provides the latest reported value for - Kuwait Corruption Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Kuwait is the 85 least corrupt nation out of 175 countries, according to the 2019 Corruption Perceptions Index reported by Transparency International. Corruption Rank in Kuwait averaged 61.71 from 2003 until 2019, reaching an all time high of 85 in 2017 and a record low of 35 in 2003. The Corruption Perceptions Index ranks countries and territories based on how corrupt their public sector is perceived to be. A country or territory's rank indicates its position relative to the other countries and territories in the index. This page provides the latest reported value for - Kuwait Corruption Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Consumer Spending in Kuwait increased to 16642.90 KWD Million in 2018 from 15760.50 KWD Million in 2017. Consumer Spending in Kuwait averaged 4895.56 KWD Million from 1964 until 2018, reaching an all time high of 16642.90 KWD Million in 2018 and a record low of 198 KWD Million in 1965. This page provides - Kuwait Consumer Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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. 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. This page provides - Kuwait Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Bank Lending Rate in Kuwait decreased to 4.82 percent in the third quarter of 2019 from 4.84 percent in the second quarter of 2019. Bank Lending Rate in Kuwait averaged 6.89 percent from 1987 until 2019, reaching an all time high of 9.10 percent in the fourth quarter of 2000 and a record low of 4.34 percent in the third quarter of 2015. In Kuwait, the bank lending rate is the average rate of interest charged on loans by commercial banks to private individuals and companies. This page provides - Kuwait Bank Lending Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Reverse Repo Rate in Kuwait remained unchanged at 2.25 percent in December from 2.25 percent in November of 2019. Reverse Repo Rate in Kuwait averaged 2.05 percent from 2005 until 2019, reaching an all time high of 5.87 percent in July of 2006 and a record low of 0.75 percent in August of 2009. This page provides - Kuwait Reverse Repo Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Kuwait contracted 0.70 percent in the third quarter of 2019 over the previous quarter. GDP Growth Rate in Kuwait averaged 0.50 percent from 2010 until 2019, reaching an all time high of 13.50 percent in the fourth quarter of 2010 and a record low of -5.10 percent in the third quarter of 2010. Kuwait holds the world´s sixth biggest proven reserves of oil as such oil sector accounts for 40 percent of GDP, 90 percent of total exports and 80 percent of state revenues. The services sector constitutes 30 percent of the output. Within services the largest segments are: community, social and personal services (11 percent of GDP); real estate and financial and business services (9 percent) and wholesale and retail trade and restaurants and hotels (8 percent). Manufacturing contributes for 23 percent of the wealth and construction and electricity, gas and water distribution for the remaining 7 percent. This page provides - Kuwait Gdp Growth Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP Constant Prices in Kuwait decreased to 9772.80 KWD Million in the third quarter of 2019 from 9845.10 KWD Million in the second quarter of 2019. GDP Constant Prices in Kuwait averaged 9137.89 KWD Million from 1964 until 2019, reaching an all time high of 19955.90 KWD Million in the fourth quarter of 2008 and a record low of 572 KWD Million in the fourth quarter of 1965. This page provides - Kuwait GDP Constant Prices - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Unemployment Rate in Kuwait increased to 2.17 percent in 2019 from 2.06 percent in 2018. Unemployment Rate in Kuwait averaged 1.55 percent from 1983 until 2019, reaching an all time high of 3.60 percent in 2011 and a record low of 0.50 percent in 1990. In Kuwait, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides - Kuwait Unemployment Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Corporate Tax Rate in Kuwait stands at 15 percent. Corporate Tax Rate in Kuwait averaged 23 percent from 2006 until 2020, reaching an all time high of 55 percent in 2007 and a record low of 15 percent in 2009. In Kuwait, the Corporate Income tax rate is a tax collected from companies. Its amount is based on the net income companies obtain while exercising their business activity, normally during one business year. The benchmark we use refers to the highest rate for Corporate Income. Revenues from the Corporate Tax Rate are an important source of income for the government of Kuwait. This page provides - Kuwait Corporate Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Personal Income Tax Rate in Kuwait stands at 0 percent. In Kuwait, the Personal Income Tax Rate is a tax collected from individuals and is imposed on different sources of income like labour, pensions, interest and dividends. The benchmark we use refers to the Top Marginal Tax Rate for individuals. Revenues from the Personal Income Tax Rate are an important source of income for the government of Kuwait. This page provides - Kuwait Personal Income Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Kuwait expanded 0.40 percent in the third quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Kuwait averaged 3.11 percent from 1963 until 2019, reaching an all time high of 33.99 percent in the fourth quarter of 1993 and a record low of -20.62 percent in the fourth quarter of 1980. Kuwait holds the world´s sixth biggest proven reserves of oil as such oil sector accounts for 40 percent of GDP, 90 percent of total exports and 80 percent of state revenues. The services sector constitutes 30 percent of the output. Within services the largest segments are: community, social and personal services (11 percent of GDP); real estate and financial and business services (9 percent) and wholesale and retail trade and restaurants and hotels (8 percent). Manufacturing contributes for 23 percent of the wealth and construction and electricity, gas and water distribution for the remaining 7 percent. . This page provides - Kuwait GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.