Cuba vs Kuwait: Economic Indicators Comparison

Kuwait with a GDP of $140.6B ranked the 58th largest economy in the world, while Cuba ranked 64th with $100B. By GDP 5-years average growth and GDP per capita, Kuwait and Cuba ranked 163rd vs 130th and 30th vs 82nd, respectively.

Gross Domestic Product & Income

StatCubaKuwait
GDP$100B$140.6B
GDP growth, 1 year2.3%1.7%
GDP growth, 5-years average2%0.5%
Population11.5M4.6M
GDP per capita$8.8k$34k
GDP per capita growth2.26%-0.74%
Purchasing Power Parity conversion factor0.320.14
Price level ratio of PPP conversion factor GDP to market exchange rateN/A0.47
GDP per capita, PPP adjusted$14k$67k
GNI, Atlas method$84.8B$141.9B
GNI per capita$7.5k$34k
GNI, PPP adjustedN/A$348.6B
GNI per capita, PPP adjustedN/A$84k

Financial system and Human development

StatCubaKuwait
Income Tax Rate50%0%
Corporate Tax Rate30%15%
Inflation, consumer prices6.9%0.7%
Inflation, GDP deflator1%14.6%
Unemployment2.3%2.1%
Economic Freedom Index26.963.2
Personal Freedom Index5.46.24
Human Freedom Index5.26.6
Property Rights Index20.157.1
Judical Effectiveness Index1047
Business Freedom Index2061.3
Fiscal Health Index14.899.6
Labor Freedom Index2062.2
Investment Freedom Index1055
Financial Freedom Index1060
Trade Freedom Index65.676.4
Monetary Freedom Index64.173.2
Government Spending Index022.4
Tax Burden Index49.597.7
Government Integrity Index38.746
Corruption Perceptions Index4741
Life expectancy at birth, years78.775.3
Suicide mortality rate, per 100,000 people13.92.3
Mortality caused by road traffic injury, per 100,000 people8.517.6
Intentional homicides, per 100,000 people51.8
International tourism, number of arrivals4.7M8.5M

Government debt & reserves

StatCubaKuwait
Central government debt, % of GDP51%14.8%
External debt stocks, % of GNIN/AN/A
External debt stocksN/AN/A
Short-term debt, % of total reservesN/AN/A
Total debt service, % of exports and primary incomeN/AN/A
Adjusted net savings including particulate emission damage, % of GNIN/A14.6%
Gross savings, % of GDPN/A43.2%
Gross capital formation, % of GDP12%25.2%
Total reserves including gold$144M$40.3B
Foreign direct investment net inflowsN/A-$21.4M

Exports, imports and economic structure

StatCubaKuwait
Exports of goods and services, % of GDP14.5%56.7%
Imports of goods and services, % of GDP12.6%43.8%
Current account balance (balance of payments)N/A$24B
Revenue excluding grants, % of GDPN/A38.6%
Grants excluding technical cooperation, BoP$510.6M$1.6M
Personal remittances receivedN/A$27.7M
Industry including construction value added, % of GDP25.1%59.6%
Agriculture, forestry and fishing value added, % of GDP3.8%0.4%
Charges for the use of intellectual property, payments BoPN/AN/A
Charges for the use of intellectual property, receipts BoPN/AN/A
Expense, % of GDPN/A52%
Government Expenditure, % of GDP64.8%50.9%

Compare with countries close by GDP per capita

Cuba vs

CountryGDP
per capita
Population
Malaysia
$11k
31.6M
Russia
$11k
147M
Mauritius
$11k
1.26M
Grenada
$11k
108k
Saint Lucia
$11k
179k
Maldives
$10k
436k
Equatorial Guinea
$10k
1.27M
Nauru
$9.9k
13.7k
Kazakhstan
$9.8k
18.3M
China
$9.8k
1.41B
Mexico
$9.7k
131M
Turkey
$9.4k
82M
Bulgaria
$9.3k
7M
Brazil
$8.9k
210M
Montenegro
$8.8k
622k
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
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M

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