🇰🇼 Kuwait General government final consumption expenditure

Kuwait General government final consumption expenditure was $12.50B in 2023, up 6.5% from 2022, according to World Bank data. The 10-year average is $9.99B. Historical data available from 1965 to 2023 (59 data points). The all-time high was $12.50B in 2023.

Source: World Bank World Development Indicators • 1965202359 data pointsEconomy & Growth

Latest Value
$12.50B
2023
Year-on-Year
+6.5%
vs 2022
10-Year Average
$9.99B
20142023
Range
High: $12.50B (2023)
Low: $99.00M (1965)

Kuwait General government final consumption expenditure (current LCU)1965 to 2023

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About this Indicator

Final consumption expenditure is expenditure on goods and services by resident institutional units for the direct satisfaction of human needs or wants, whether individual or collective. General government FCE includes all government current expenditures for purchases of goods and services (including compensation of employees), and most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.

Historical Data Table

YearValue
2023$12.50B
2022$11.74B
2021$11.36B
2020$10.26B
2019$10.44B
2018$9.62B
2017$8.94B
2016$8.50B
2015$8.34B
2014$8.22B

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