Colombia vs Kuwait: Economic Indicators Comparison

Colombia with a GDP of $331B ranked the 39th largest economy in the world, while Kuwait ranked 58th with $140.6B. By GDP 5-years average growth and GDP per capita, Colombia and Kuwait ranked 101st vs 163rd and 94th vs 30th, respectively.

Gross Domestic Product & Income

StatColombiaKuwait
GDP$331B$140.6B
GDP growth, 1 year2.7%1.7%
GDP growth, 5-years average2.8%0.5%
Population49.1M4.6M
GDP per capita$6.7k$34k
GDP per capita growth1.02%-0.74%
Purchasing Power Parity conversion factor1312.740.14
Price level ratio of PPP conversion factor GDP to market exchange rate0.440.47
GDP per capita, PPP adjusted$15k$67k
GNI, Atlas method$306.9B$141.9B
GNI per capita$6.2k$34k
GNI, PPP adjusted$718.9B$348.6B
GNI per capita, PPP adjusted$14k$84k

Financial system and Human development

StatColombiaKuwait
Income Tax Rate39%0%
Corporate Tax Rate33%15%
Inflation, consumer prices3.2%0.7%
Inflation, GDP deflator3.7%14.6%
Unemployment9.1%2.1%
Economic Freedom Index69.263.2
Personal Freedom Index6.936.24
Human Freedom Index6.786.6
Property Rights Index61.157.1
Judical Effectiveness Index32.847
Business Freedom Index71.361.3
Fiscal Health Index85.599.6
Labor Freedom Index7862.2
Investment Freedom Index8055
Financial Freedom Index7060
Trade Freedom Index81.276.4
Monetary Freedom Index77.573.2
Government Spending Index7722.4
Tax Burden Index70.497.7
Government Integrity Index46.146
Corruption Perceptions Index3641
Life expectancy at birth, years76.975.3
Suicide mortality rate, per 100,000 people7.22.3
Mortality caused by road traffic injury, per 100,000 people18.517.6
Intentional homicides, per 100,000 people24.91.8
International tourism, number of arrivals3.9M8.5M

Government debt & reserves

StatColombiaKuwait
Central government debt, % of GDP50.5%14.8%
External debt stocks, % of GNI42.3%N/A
External debt stocks$134.9BN/A
Short-term debt, % of total reserves31.5%N/A
Total debt service, % of exports and primary income40.8%N/A
Adjusted net savings including particulate emission damage, % of GNI2.8%14.6%
Gross savings, % of GDP15.1%43.2%
Gross capital formation, % of GDP21.2%25.2%
Total reserves including gold$47.9B$40.3B
Foreign direct investment net inflows$11.5B-$21.4M

Exports, imports and economic structure

StatColombiaKuwait
Exports of goods and services, % of GDP15.9%56.7%
Imports of goods and services, % of GDP20.8%43.8%
Current account balance (balance of payments)-$13B$24B
Revenue excluding grants, % of GDP22.9%38.6%
Grants excluding technical cooperation, BoP$741.3M$1.6M
Personal remittances received$6.4B$27.7M
Industry including construction value added, % of GDP26.7%59.6%
Agriculture, forestry and fishing value added, % of GDP6.3%0.4%
Charges for the use of intellectual property, payments BoP$471.4MN/A
Charges for the use of intellectual property, receipts BoP$105.6MN/A
Expense, % of GDP25.3%52%
Government Expenditure, % of GDP27.7%50.9%

Compare with countries close by GDP per capita

Colombia vs

CountryGDP
per capita
Population
Bulgaria
$9.3k
7M
Brazil
$8.9k
210M
Montenegro
$8.8k
622k
Cuba
$8.8k
11.5M
Lebanon
$8.3k
6.1M
Botswana
$8.3k
2.29M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
2.03M
Dominica
$7.7k
73.9k
Saint Vincent
$7.4k
110k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
6.68M
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
778k
Belize
$4.9k
375k

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