Military Expenditure in Kuwait increased to 7638 USD Million in 2019 from 7296 USD Million in 2018. source: SIPRI

Military Expenditure in Kuwait averaged 5664.33 USD Million from 1972 until 2019, reaching an all time high of 25047 USD Million in 1991 and a record low of 617 USD Million in 1972. Kuwait Military Expenditure - values, historical data and charts - was last updated on April of 2021.

Military Expenditure in Kuwait is expected to reach 5837.35 USD Million by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Kuwait Military Expenditure is projected to trend around 6263.17 USD Million in 2022 and 6577.65 USD Million in 2023, according to our econometric models.

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Kuwait Military Expenditure

Actual Previous Highest Lowest Dates Unit Frequency
7638.00 7296.00 25047.00 617.00 1972 - 2019 USD Million Yearly
constant 2018 prices

Kuwait Government Last Previous Highest Lowest Unit
Government Debt to GDP 11.50 11.80 151.10 1.09 percent [+]
Government Budget -9.40 4.40 43.30 -151.31 percent of GDP [+]
Government Spending 9623.50 8940.80 9623.50 102.00 KWD Million [+]
Military Expenditure 7638.00 7296.00 25047.00 617.00 USD Million [+]
Credit Rating 85.00 [+]