Income Levels In Kuwait

The world bank classifies the world s economies into four income groups high upper middle lower middle and low.

Income levels in kuwait. Gdp per capita in kuwait averaged 39776 05 usd from 1995 until 2019 reaching an all time high of 49578 50 usd in 2007 and a record low of 32697 33 usd in 2019. Like the other gulf states kuwait has extensive sovereign funds at its disposal. The hours by job and by sector. In total the gulf states manage 2 5 trillion in assets.

The smallest budget per capita exists in the democratic republic of the congo. Updated country income classifications for the world bank s 2020 fiscal year are available here. Time to read the page 30 min. The gdp per capita in kuwait is equivalent to 259 percent of the world s average.

A person working in kuwait typically earns around 1 260 kwd per month. That s 37 of total assets of all sovereign funds in the world. This page provides kuwait gdp per capita actual. The gulf countries including bahrain kuwait oman qatar the uae and saudi arabia suffer from some of the worst inequality in the region with 54 of the national income being distributed.

Average income around the world the worldwide highest income is earned in monaco. 4 the weekly hours are based on data supplied by the kuwait ministry of planning to the international labour organization 9. The share of income captured by the middle class has. Share it with other site users or through social networks.

Gross salary usd salary entries engineer kwd 18 941 us 64 002 33. The most typical salary is kwd 10 510 gross. Average take home earning is kwd 17 818 net. Population 52 but that is still less than it has been in nearly half a century.

We base this assignment on gross national. Average salary in kuwait is kwd 20 668. Or take it home with a mobile app. The middle class constitutes a slim majority of the u s.

There are no income tax or social security deductions on the salary income in kuwait. Data explore raw data about the world bank s finances slice and dice datasets. In our comparison over 78 countries the usa comes 9th with an average income of 65 760 usd. The gross domestic product per capita in kuwait was last recorded at 32697 33 us dollars in 2019.