Kuwait - Budget Deficit 1998
19.49%
−10.00% from 1997
Kuwait's budget deficit was 19.49% in 1998, decreased +10.00% from 29.49% in 1997. This was the 149th highest globally.
Global Ranking - 1998▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 1st | Eritrea | -40.35% | -614.4% |
| 2nd | Brunei Darussalam | -24.00% | -103.5% |
| 3rd | Lebanon | -17.27% | 29.7% |
| 4th | Seychelles | -16.67% | -182.3% |
| 5th | Gabon | -13.11% | -1,032.0% |
| 6th | Mongolia | -12.34% | -52.4% |
| 7th | Kyrgyz Republic | -11.97% | -28.6% |
| 8th | Lesotho | -11.79% | -4,515.0% |
| 9th | Japan | -10.05% | -184.9% |
| 10th | Albania | -9.93% | 16.6% |
| 11th | India | -9.74% | -17.7% |
| 12th | Saudi Arabia | -8.88% | -254.2% |
| 13th | Yemen, Republic of | -7.77% | -417.4% |
| 14th | Equatorial Guinea | -7.65% | -338.1% |
| 15th | Russian Federation | -7.42% | - |
| 16th | Hungary | -7.41% | -33.8% |
| 17th | Qatar | -7.00% | 25.6% |
| 18th | Sri Lanka | -6.79% | -18.8% |
| 19th | Vanuatu | -6.65% | -1,210.8% |
| 20th | Greece | -6.49% | -3.8% |
| 21st | Suriname | -6.39% | -1,878.3% |
| 22nd | Croatia | -6.36% | -28.9% |
| 23rd | Thailand | -6.29% | -274.3% |
| 24th | Dominica | -5.99% | -167.4% |
| 25th | Guinea-Bissau | -5.95% | -132.9% |
| 26th | Angola | -5.92% | -2,102.2% |
| 27th | Jamaica | -5.73% | 10.3% |
| 28th | Bahrain | -5.49% | 14.0% |
| 29th | Jordan | -5.40% | -81.4% |
| 30th | Slovak Republic | -5.37% | 13.9% |
| 31st | Cambodia | -5.35% | -44.5% |
| 32nd | Romania | -5.33% | -2.7% |
| 33rd | Madagascar | -5.31% | -165.8% |
| 34th | Ghana | -5.27% | 14.2% |
| 35th | Congo, Republic of | -5.16% | -240.7% |
| 36th | St. Kitts and Nevis | -5.13% | -119.8% |
| 37th | Bolivia, Plurinational State of | -5.10% | -55.4% |
| 38th | Ecuador | -5.10% | -80.5% |
| 39th | Tajikistan | -5.09% | - |
| 40th | Iran, Islamic Republic of | -5.03% | -177.8% |
| 41st | Lithuania | -4.93% | -548.2% |
| 42nd | Myanmar | -4.89% | - |
| 43rd | Mexico | -4.49% | -29.2% |
| 44th | Pakistan | -4.46% | -15.4% |
| 45th | Burundi | -4.43% | 1.0% |
| 46th | Oman | -4.37% | -191.6% |
| 47th | Portugal | -4.30% | -17.8% |
| 48th | Poland | -4.24% | 7.7% |
| 49th | Czechia | -4.14% | -32.0% |
| 50th | Georgia | -3.96% | 40.2% |
| 51st | Colombia | -3.86% | -19.7% |
| 52nd | Cyprus | -3.85% | 20.1% |
| 53rd | Djibouti | -3.59% | -25.7% |
| 54th | Algeria | -3.52% | -260.6% |
| 55th | Nigeria | -3.47% | -405.8% |
| 56th | Micronesia, Federated States of | -3.27% | -224.7% |
| 57th | Togo | -3.25% | -230.7% |
| 58th | Cabo Verde | -3.16% | 68.9% |
| 59th | Uzbekistan | -3.04% | -48.3% |
| 60th | Italy | -2.99% | -0.2% |
| 61st | Costa Rica | -2.97% | 12.5% |
| 62nd | El Salvador | -2.94% | -49.1% |
| 63rd | Tunisia | -2.84% | 23.4% |
| 64th | Syrian Arab Republic | -2.81% | -57.9% |
| 65th | Namibia | -2.76% | -15.9% |
| 66th | Belize | -2.69% | -48.8% |
| 67th | Ukraine | -2.69% | 50.0% |
| 68th | Austria | -2.68% | -12.5% |
| 69th | Guyana | -2.67% | -57.2% |
| 70th | Germany | -2.65% | 12.5% |
| 71st | Spain | -2.63% | 31.9% |
| 72nd | Burkina Faso | -2.60% | 1.7% |
| 73rd | Rwanda | -2.59% | -16.7% |
| 74th | Grenada | -2.39% | 51.5% |
| 75th | Slovenia | -2.39% | -1.1% |
| 76th | France | -2.39% | 35.5% |
| 77th | Libya | -2.36% | -12.3% |
| 78th | Guatemala | -2.29% | -190.0% |
| 79th | Maldives | -2.25% | -54.1% |
| 80th | Niger | -2.23% | 6.5% |
| 81st | Bangladesh | -2.20% | -13.2% |
| 82nd | Comoros | -2.00% | -54.1% |
| 83rd | Indonesia | -1.89% | -83.1% |
| 84th | Trinidad and Tobago | -1.83% | -1,703.5% |
| 85th | Argentina | -1.83% | 0.6% |
| 86th | St. Vincent and the Grenadines | -1.82% | 35.2% |
| 87th | Hong Kong SAR, China | -1.80% | -128.5% |
| 88th | Chad | -1.73% | 32.9% |
| 89th | Antigua and Barbuda | -1.62% | -0.6% |
| 90th | North Macedonia | -1.59% | -352.8% |
| 91st | Congo, Democratic Republic of | -1.55% | -46.6% |
| 92nd | Moldova | -1.52% | 79.6% |
| 93rd | Netherlands | -1.34% | 16.6% |
| 94th | Philippines | -1.31% | -456.7% |
| 95th | Switzerland | -1.31% | 44.0% |
| 96th | Panama | -1.11% | -189.5% |
| 97th | China | -1.08% | -48.2% |
| 98th | Mozambique | -1.08% | 40.6% |
| 99th | Belgium | -1.03% | 52.3% |
| 100th | Bosnia and Herzegovina | -0.98% | - |
| 101st | Uganda | -0.71% | 15.0% |
| 102nd | Côte d'Ivoire | -0.70% | 6.9% |
| 103rd | Latvia | -0.66% | - |
| 104th | Malaysia | -0.63% | -113.0% |
| 105th | Sudan | -0.56% | 4.9% |
| 106th | Iceland | -0.56% | -1,565.8% |
| 107th | New Zealand | -0.48% | -138.8% |
| 108th | Bahamas, The | -0.43% | 73.3% |
| 109th | Dominican Republic | -0.29% | 54.9% |
| 110th | Denmark | -0.28% | 76.8% |
| 111th | Australia | -0.25% | 50.1% |
| 112th | United Kingdom | -0.21% | 89.4% |
| 113th | Papua New Guinea | -0.17% | -124.5% |
| 114th | Viet Nam | -0.10% | - |
| 115th | Kenya | -0.03% | 96.9% |
| 116th | Central African Republic | 0.00% | 100.1% |
| 117th | Aruba | 0.11% | 105.4% |
| 118th | Tanzania | 0.13% | 611.5% |
| 119th | Canada | 0.14% | 266.7% |
| 120th | Haiti | 0.21% | -43.4% |
| 121st | Chile | 0.39% | -80.9% |
| 122nd | Estonia | 0.65% | -78.2% |
| 123rd | Sweden | 0.82% | 152.4% |
| 124th | Senegal | 0.93% | -5.4% |
| 125th | United Arab Emirates | 1.00% | -85.2% |
| 126th | Eswatini | 1.05% | -49.0% |
| 127th | Bulgaria | 1.08% | - |
| 128th | Korea | 1.09% | -52.9% |
| 129th | Turkmenistan | 1.15% | 663.7% |
| 130th | Bhutan | 1.28% | 166.6% |
| 131st | Morocco | 1.47% | -1.9% |
| 132nd | Finland | 1.54% | 216.0% |
| 133rd | Azerbaijan | 1.63% | 274.1% |
| 134th | Samoa | 1.64% | -14.8% |
| 135th | Ireland | 2.07% | 50.8% |
| 136th | St. Lucia | 2.22% | 301.5% |
| 137th | Singapore | 2.41% | -57.4% |
| 138th | Guinea | 2.46% | 3,628.8% |
| 139th | Benin | 2.50% | 291.3% |
| 140th | Honduras | 2.89% | 3,516.3% |
| 141st | Luxembourg | 2.98% | 12.4% |
| 142nd | Norway | 3.07% | -58.3% |
| 143rd | Paraguay | 4.28% | 42.4% |
| 144th | Solomon Islands | 5.04% | 136.0% |
| 145th | Fiji | 5.40% | 219.8% |
| 146th | Barbados | 5.95% | 9.3% |
| 147th | Marshall Islands | 13.53% | 71.1% |
| 148th | Kiribati | 14.58% | 146.4% |
| 149th | Kuwait | 19.49% | -33.9% |
FAQ
What was Kuwait's budget deficit in 1998?▾
Kuwait's budget deficit in 1998 was 19.49%. This ranked 149th globally.
How did Kuwait's budget deficit change in 1998?▾
Kuwait's budget deficit decreased by 33.9% in 1998 compared to 1997.
Which country had the highest budget deficit in 1998?▾
Kuwait had the highest budget deficit in 1998 at 19.49%.
What is the budget deficit of Kuwait in 1998?▾
The budget deficit of Kuwait in 1998 was 19.49%. This ranked 149th globally.
How does 1998 compare to 1997 for Kuwait's budget deficit?▾
Kuwait's budget deficit went from 29.49% in 1997 to 19.49% in 1998, a 33.9% decrease.
HistorySaid - pattern alert
Kuwait matched the Export Boom Cycle pattern in 1998. Historically: 768 occurrences, 546 successful (71%). Outcome 24 months later: 4.7%. View full analysis →
Related
1997
1999
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Full ranking 1998
Tax Revenue
Government Spending
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Health Spending
Government Debt to GDP
Peak: 2000
Lowest: 1991
Budget Deficit 1990s
Budget Deficit 2000s
Budget Deficit 2010s
Budget Deficit 2020s
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Lowest ever
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