Cape Verde vs Kuwait: Economic Indicators Comparison

Kuwait with a GDP of $140.6B ranked the 58th largest economy in the world, while Cape Verde ranked 174th with $2B. By GDP 5-years average growth and GDP per capita, Kuwait and Cape Verde ranked 163rd vs 94th and 30th vs 125th, respectively.

Gross Domestic Product & Income

StatCape VerdeKuwait
GDP$2B$140.6B
GDP growth, 1 year4.7%1.7%
GDP growth, 5-years average3%0.5%
Population546k4.6M
GDP per capita$3.6k$34k
GDP per capita growth3.87%-0.74%
Purchasing Power Parity conversion factor45.560.14
Price level ratio of PPP conversion factor GDP to market exchange rate0.490.47
GDP per capita, PPP adjusted$7.3k$67k
GNI, Atlas method$1.9B$141.9B
GNI per capita$3.4k$34k
GNI, PPP adjusted$4B$348.6B
GNI per capita, PPP adjusted$7.3k$84k

Financial system and Human development

StatCape VerdeKuwait
Income Tax Rate50%0%
Corporate Tax Rate30%15%
Inflation, consumer prices2.2%0.7%
Inflation, GDP deflator1.5%14.6%
Unemployment12.3%2.1%
Economic Freedom Index63.663.2
Personal Freedom Index8.336.24
Human Freedom Index7.46.6
Property Rights Index47.557.1
Judical Effectiveness Index4847
Business Freedom Index58.561.3
Fiscal Health Index66.299.6
Labor Freedom Index55.662.2
Investment Freedom Index8055
Financial Freedom Index6060
Trade Freedom Index68.276.4
Monetary Freedom Index83.173.2
Government Spending Index71.722.4
Tax Burden Index77.797.7
Government Integrity Index46.146
Corruption Perceptions Index5741
Life expectancy at birth, years72.675.3
Suicide mortality rate, per 100,000 people11.32.3
Mortality caused by road traffic injury, per 100,000 people2517.6
Intentional homicides, per 100,000 people11.51.8
International tourism, number of arrivals710k8.5M

Government debt & reserves

StatCape VerdeKuwait
Central government debt, % of GDP127.7%14.8%
External debt stocks, % of GNI89.3%N/A
External debt stocks$1.7BN/A
Short-term debt, % of total reserves0.2%N/A
Total debt service, % of exports and primary income5.6%N/A
Adjusted net savings including particulate emission damage, % of GNI11.7%14.6%
Gross savings, % of GDP34.7%43.2%
Gross capital formation, % of GDP40.4%25.2%
Total reserves including gold$606.4M$40.3B
Foreign direct investment net inflows$108M-$21.4M

Exports, imports and economic structure

StatCape VerdeKuwait
Exports of goods and services, % of GDP48.8%56.7%
Imports of goods and services, % of GDP68.2%43.8%
Current account balance (balance of payments)-$94.5M$24B
Revenue excluding grants, % of GDP28.8%38.6%
Grants excluding technical cooperation, BoP$42.5M$1.6M
Personal remittances received$233.5M$27.7M
Industry including construction value added, % of GDP19.2%59.6%
Agriculture, forestry and fishing value added, % of GDP5.3%0.4%
Charges for the use of intellectual property, payments BoP$11.3MN/A
Charges for the use of intellectual property, receipts BoP$47kN/A
Expense, % of GDP28.4%52%
Government Expenditure, % of GDP30.7%50.9%

Compare with countries close by GDP per capita

Cape Verde vs

CountryGDP
per capita
Population
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
196k
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M
Algeria
$4.1k
41.3M
Sri Lanka
$4.1k
21.4M
El Salvador
$4.1k
6.42M
Indonesia
$3.9k
264M
Marshall Islands
$3.8k
53.1k
Tuvalu
$3.7k
11.2k
Bolivia
$3.5k
11.1M
Tunisia
$3.4k
11.6M
Angola
$3.4k
29.8M
Bhutan
$3.2k
808k
Morocco
$3.2k
36M
Moldova
$3.2k
2.55M
Palestine
$3.2k
4.68M
Vanuatu
$3.1k
276k
Philippines
$3.1k
105M
Ukraine
$3.1k
42.6M
Djibouti
$3.1k
957k
Papua New Guinea
$2.7k
8.25M
Vietnam
$2.6k
94.7M
Egypt
$2.5k
94.8M
Laos
$2.5k
6.86M

Kuwait vs

CountryGDP
per capita
Population
Netherlands
$53k
17.3M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
33.4k
Germany
$48k
83.1M
Belgium
$48k
11.4M
Canada
$46k
37.9M
United Arab Emirates
$43k
9.4M
United Kingdom
$43k
66M
Andorra
$42k
76.2k
New Zealand
$42k
4.94M
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Bahamas
$32k
395k
Brunei
$32k
429k
South Korea
$31k
51.5M
Spain
$30k
46.7M
Malta
$30k
465k
Cyprus
$28k
1.14M
Slovenia
$26k
2.07M
Taiwan
$25k
23.6M
Bahrain
$24k
1.49M
Portugal
$23k
10.6M
Saudi Arabia
$23k
33M
Estonia
$23k
1.32M
Czech Republic
$23k
10.7M
Vatican City
$21k
1k
Greece
$20k
10.8M