
Gross debt in Kuwait
The government gross debt refers to the total of all sums of money that have to be paid to other countries, communities or institutions. Not included in the gross debt are the demands of a country to foreign ones.The gross debt in Kuwait in the period from 1998 to 2020 was between 5.3 billion and 24.7 billion USD. The hightest level within the past 22 years was reached in 2017. However, the liabilities in 2020 have been only twelve billion USD
Based on the number of inhabitants, this is a debt of 2,845 USD per person. For comparison, the average debt per person in the same year in the European Union was 30,783 USD.
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Gross debt of the last 22 years in billion USD
Year | Kuwait total | Kuwait per capita | EU per capita |
---|---|---|---|
1998 | 14.30 bn USD | 7,811 USD | 14,079 USD |
1999 | 14.02 bn USD | 7,186 USD | 14,032 USD |
2000 | 13.17 bn USD | 6,439 USD | 11,232 USD |
2001 | 12.25 bn USD | 5,825 USD | 11,255 USD |
2002 | 11.42 bn USD | 5,345 USD | 12,258 USD |
2003 | 11.01 bn USD | 5,094 USD | 15,286 USD |
2004 | 10.28 bn USD | 4,673 USD | 17,595 USD |
2005 | 9.54 bn USD | 4,201 USD | 18,327 USD |
2006 | 8.38 bn USD | 3,532 USD | 18,877 USD |
2007 | 8.08 bn USD | 3,226 USD | 20,898 USD |
2008 | 7.92 bn USD | 2,983 USD | 24,086 USD |
2009 | 7.05 bn USD | 2,499 USD | 25,361 USD |
2010 | 7.11 bn USD | 2,377 USD | 26,496 USD |
2011 | 7.15 bn USD | 2,257 USD | 29,231 USD |
2012 | 6.27 bn USD | 1,872 USD | 28,174 USD |
2013 | 5.39 bn USD | 1,527 USD | 29,981 USD |
2014 | 5.58 bn USD | 1,511 USD | 30,648 USD |
2015 | 5.33 bn USD | 1,364 USD | 25,918 USD |
2016 | 10.96 bn USD | 2,708 USD | 26,261 USD |
2017 | 24.73 bn USD | 5,995 USD | 27,024 USD |
2018 | 20.87 bn USD | 4,834 USD | 28,448 USD |
2019 | 15.85 bn USD | 3,568 USD | 27,168 USD |
2020 | 12.40 bn USD | 2,845 USD | 30,783 USD |