Kuwait - Budget Deficit 2023
28.22%
−1.77% from 2022
Kuwait's budget deficit was 28.22% in 2023, decreased +1.77% from 29.99% in 2022. This was the 191st highest globally.
Global Ranking - 2023▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 1st | Timor-Leste | -34.73% | -17.8% |
| 2nd | Ukraine | -19.34% | -24.0% |
| 3rd | Senegal | -14.77% | 8.5% |
| 4th | Maldives | -13.17% | -18.0% |
| 5th | St. Vincent and the Grenadines | -11.96% | -28.0% |
| 6th | Bolivia, Plurinational State of | -10.95% | -53.7% |
| 7th | Brunei Darussalam | -10.86% | -529.2% |
| 8th | Bahrain | -9.68% | -60.6% |
| 9th | Sri Lanka | -8.32% | 18.6% |
| 10th | Guinea-Bissau | -8.15% | -34.6% |
| 11th | Malawi | -7.84% | 15.9% |
| 12th | United States | -7.80% | -109.6% |
| 13th | Pakistan | -7.76% | 1.0% |
| 14th | Brazil | -7.71% | -94.5% |
| 15th | Burundi | -7.70% | 28.3% |
| 16th | India | -7.40% | 17.5% |
| 17th | Italy | -7.24% | 10.7% |
| 18th | Fiji | -7.15% | 41.7% |
| 19th | Liberia | -7.03% | -31.8% |
| 20th | Tunisia | -7.03% | -1.7% |
| 21st | Burkina Faso | -6.91% | 36.5% |
| 22nd | Jordan | -6.89% | -1.3% |
| 23rd | Hungary | -6.75% | -9.3% |
| 24th | Togo | -6.73% | 19.3% |
| 25th | China | -6.71% | 8.3% |
| 26th | United Kingdom | -6.05% | -32.9% |
| 27th | Nepal | -5.81% | -86.2% |
| 28th | Guyana | -5.78% | -13.1% |
| 29th | Egypt, Arab Republic of | -5.77% | -0.4% |
| 30th | Kenya | -5.71% | 5.7% |
| 31st | Hong Kong SAR, China | -5.65% | 14.1% |
| 32nd | Yemen, Republic of | -5.63% | -161.9% |
| 33rd | Romania | -5.61% | 3.8% |
| 34th | South Africa | -5.55% | -30.5% |
| 35th | Algeria | -5.52% | -86.2% |
| 36th | Zambia | -5.48% | 29.9% |
| 37th | France | -5.44% | -14.8% |
| 38th | Niger | -5.37% | 20.6% |
| 39th | Argentina | -5.33% | -38.9% |
| 40th | Poland | -5.27% | -53.4% |
| 41st | Türkiye | -5.22% | -375.9% |
| 42nd | Côte d'Ivoire | -5.19% | 22.9% |
| 43rd | Myanmar | -5.18% | -83.8% |
| 44th | Slovak Republic | -5.15% | -345.3% |
| 45th | Moldova | -5.13% | -58.3% |
| 46th | Israel | -5.06% | -1,685.3% |
| 47th | Rwanda | -5.04% | 12.1% |
| 48th | Sierra Leone | -4.99% | 15.9% |
| 49th | Uganda | -4.87% | 10.5% |
| 50th | Bhutan | -4.73% | 32.0% |
| 51st | El Salvador | -4.69% | -74.6% |
| 52nd | Malta | -4.65% | 12.5% |
| 53rd | North Macedonia | -4.61% | 11.8% |
| 54th | Dominica | -4.51% | 37.4% |
| 55th | Mauritius | -4.48% | -42.4% |
| 56th | Morocco | -4.41% | 17.9% |
| 57th | Bangladesh | -4.39% | 3.1% |
| 58th | Philippines | -4.38% | 20.1% |
| 59th | Papua New Guinea | -4.34% | 17.3% |
| 60th | Mexico | -4.29% | 0.8% |
| 61st | Mozambique | -4.26% | 18.4% |
| 62nd | Botswana | -4.25% | -70,800.0% |
| 63rd | Madagascar | -4.20% | 23.2% |
| 64th | Benin | -4.13% | 25.7% |
| 65th | Belgium | -4.10% | -13.1% |
| 66th | Uzbekistan | -4.03% | -10.4% |
| 67th | Malaysia | -3.97% | 12.9% |
| 68th | Zimbabwe | -3.90% | -18.2% |
| 69th | Panama | -3.90% | 2.0% |
| 70th | Guinea | -3.86% | -105.1% |
| 71st | Paraguay | -3.81% | -44.4% |
| 72nd | Solomon Islands | -3.81% | -51.7% |
| 73rd | Czechia | -3.74% | -21.7% |
| 74th | Sudan | -3.70% | -72.1% |
| 75th | Gambia, The | -3.69% | 35.4% |
| 76th | Tanzania | -3.67% | 6.4% |
| 77th | Bahamas, The | -3.66% | 33.9% |
| 78th | Mali | -3.57% | 24.8% |
| 79th | New Zealand | -3.54% | 14.9% |
| 80th | Spain | -3.52% | 24.1% |
| 81st | Ecuador | -3.48% | -8,011.4% |
| 82nd | Djibouti | -3.46% | -133.0% |
| 83rd | Central African Republic | -3.44% | 34.3% |
| 84th | Latvia | -3.38% | 14.4% |
| 85th | Ghana | -3.37% | 71.4% |
| 86th | Dominican Republic | -3.28% | -1.0% |
| 87th | Costa Rica | -3.25% | -15.9% |
| 88th | Namibia | -3.14% | 50.3% |
| 89th | Uruguay | -3.14% | -24.4% |
| 90th | Estonia | -3.13% | -189.6% |
| 91st | Nigeria | -3.13% | 21.9% |
| 92nd | Bulgaria | -3.03% | -279.3% |
| 93rd | St. Lucia | -3.03% | -82.7% |
| 94th | Finland | -2.99% | -1,567.6% |
| 95th | Colombia | -2.92% | 53.9% |
| 96th | Cambodia | -2.83% | -861.9% |
| 97th | Peru | -2.78% | -101.1% |
| 98th | Austria | -2.62% | 20.8% |
| 99th | Slovenia | -2.59% | 14.2% |
| 100th | Iran, Islamic Republic of | -2.54% | 3.8% |
| 101st | Germany | -2.49% | -30.6% |
| 102nd | Mauritania | -2.45% | 20.9% |
| 103rd | Belize | -2.42% | -132.4% |
| 104th | Georgia | -2.33% | -6.0% |
| 105th | Iceland | -2.28% | 42.1% |
| 106th | Chile | -2.27% | -267.2% |
| 107th | Japan | -2.26% | 46.4% |
| 108th | Russian Federation | -2.22% | -65.1% |
| 109th | São Tomé and Principe | -2.13% | 4.9% |
| 110th | Armenia | -2.02% | 4.4% |
| 111th | Thailand | -1.98% | 57.1% |
| 112th | Honduras | -1.96% | -225.0% |
| 113th | Angola | -1.83% | -413.4% |
| 114th | Saudi Arabia | -1.77% | -179.1% |
| 115th | Viet Nam | -1.72% | -356.0% |
| 116th | Lebanon | -1.70% | 78.1% |
| 117th | Antigua and Barbuda | -1.70% | 40.3% |
| 118th | Barbados | -1.69% | 11.5% |
| 119th | Suriname | -1.68% | 37.6% |
| 120th | Bosnia and Herzegovina | -1.67% | -1,221.5% |
| 121st | Congo, Democratic Republic of | -1.65% | -64.6% |
| 122nd | Indonesia | -1.64% | 28.8% |
| 123rd | Kazakhstan | -1.52% | -1,550.5% |
| 124th | Greece | -1.35% | 45.0% |
| 125th | Comoros | -1.34% | 65.9% |
| 126th | Afghanistan | -1.33% | -33.4% |
| 127th | Albania | -1.32% | 63.8% |
| 128th | Australia | -1.27% | 42.7% |
| 129th | Chad | -1.26% | -133.2% |
| 130th | Guatemala | -1.25% | 26.1% |
| 131st | Serbia | -1.21% | -758.9% |
| 132nd | Trinidad and Tobago | -1.20% | -225.2% |
| 133rd | Seychelles | -1.15% | -51.1% |
| 134th | Iraq | -1.14% | -114.1% |
| 135th | West Bank and Gaza | -0.95% | -3.4% |
| 136th | Vanuatu | -0.95% | 85.4% |
| 137th | Tajikistan | -0.93% | -297.4% |
| 138th | Croatia | -0.79% | -748.4% |
| 139th | Luxembourg | -0.78% | -523.9% |
| 140th | San Marino | -0.72% | -270.8% |
| 141st | Lithuania | -0.69% | 3.8% |
| 142nd | Korea | -0.67% | 55.2% |
| 143rd | Eswatini | -0.66% | 87.6% |
| 144th | Cameroon | -0.64% | 42.9% |
| 145th | Sweden | -0.63% | -162.8% |
| 146th | Netherlands | -0.37% | -18,650.0% |
| 147th | Cabo Verde | -0.28% | 93.5% |
| 148th | St. Kitts and Nevis | -0.28% | 93.4% |
| 149th | Lao PDR | -0.01% | -120.3% |
| 150th | Jamaica | 0.04% | -86.4% |
| 151st | Somalia, Fed. Rep. | 0.05% | 100.0% |
| 152nd | Canada | 0.07% | -87.1% |
| 153rd | Turkmenistan | 0.11% | -96.7% |
| 154th | Switzerland | 0.12% | -89.8% |
| 155th | Kiribati | 0.13% | 100.7% |
| 156th | Puerto Rico (US) | 0.33% | -81.7% |
| 157th | Palau | 0.73% | 118.3% |
| 158th | Belarus | 0.76% | 138.4% |
| 159th | Haiti | 0.77% | 143.8% |
| 160th | Montenegro | 0.86% | 121.0% |
| 161st | Macao SAR, China | 1.07% | 102.9% |
| 162nd | Marshall Islands | 1.14% | 67.5% |
| 163rd | Portugal | 1.21% | 489.7% |
| 164th | Ireland | 1.52% | -8.6% |
| 165th | Kyrgyz Republic | 1.59% | 639.5% |
| 166th | Cyprus | 1.70% | -35.9% |
| 167th | Gabon | 1.79% | 301.5% |
| 168th | Andorra | 2.15% | -55.7% |
| 169th | Nicaragua | 2.31% | 256.7% |
| 170th | Equatorial Guinea | 2.39% | -79.6% |
| 171st | Samoa | 2.70% | -46.3% |
| 172nd | Mongolia | 2.73% | 306.7% |
| 173rd | Aruba | 3.09% | 711.1% |
| 174th | Denmark | 3.43% | 1.2% |
| 175th | Singapore | 3.47% | 187.1% |
| 176th | Liechtenstein | 4.37% | 32.5% |
| 177th | Qatar | 5.56% | -46.5% |
| 178th | Congo, Republic of | 5.81% | -35.1% |
| 179th | United Arab Emirates | 5.82% | -40.7% |
| 180th | Tonga | 6.14% | 6,179.2% |
| 181st | Oman | 6.87% | -34.8% |
| 182nd | Lesotho | 7.32% | 214.2% |
| 183rd | Azerbaijan | 7.92% | 32.8% |
| 184th | Grenada | 7.94% | 753.0% |
| 185th | South Sudan | 8.04% | 79.5% |
| 186th | Libya | 8.22% | -65.2% |
| 187th | Micronesia, Federated States of | 9.45% | -45.8% |
| 188th | Tuvalu | 15.34% | 205.1% |
| 189th | Norway | 16.57% | -34.9% |
| 190th | Nauru | 19.39% | -20.1% |
| 191st | Kuwait | 28.22% | -5.9% |
FAQ
What was Kuwait's budget deficit in 2023?▾
Kuwait's budget deficit in 2023 was 28.22%. This ranked 191st globally.
How did Kuwait's budget deficit change in 2023?▾
Kuwait's budget deficit decreased by 5.9% in 2023 compared to 2022.
Which country had the highest budget deficit in 2023?▾
Kuwait had the highest budget deficit in 2023 at 28.22%.
What is the budget deficit of Kuwait in 2023?▾
The budget deficit of Kuwait in 2023 was 28.22%. This ranked 191st globally.
How does 2023 compare to 2022 for Kuwait's budget deficit?▾
Kuwait's budget deficit went from 29.99% in 2022 to 28.22% in 2023, a 5.9% decrease.
Related
2022
2024
All years
Full ranking 2023
Tax Revenue
Government Spending
Military Spending
Health Spending
Government Debt to GDP
Peak: 2000
Lowest: 1991
Budget Deficit 1990s
Budget Deficit 2000s
Budget Deficit 2010s
Budget Deficit 2020s
Highest ever
Lowest ever
Average
vs Guyana
vs Portugal
vs Bahrain
vs New Caledonia
Organisation of Islamic Cooperation Budget Deficit
OPEC Budget Deficit
Gulf Cooperation Council Budget Deficit
Global Ranking