Eritrea vs Kuwait: Economic Indicators Comparison

Kuwait with a GDP of $140.6B ranked the 58th largest economy in the world, while Eritrea ranked 170th with $2.6B. By GDP 5-years average growth and GDP per capita, Kuwait and Eritrea ranked 163rd vs 79th and 30th vs 178th, respectively.

Gross Domestic Product & Income

StatEritreaKuwait
GDP$2.6B$140.6B
GDP growth, 1 year4.2%1.7%
GDP growth, 5-years average3.3%0.5%
Population3.5M4.6M
GDP per capita$811$34k
GDP per capita growth7.21%-0.74%
Purchasing Power Parity conversion factor5.930.14
Price level ratio of PPP conversion factor GDP to market exchange rate0.390.47
GDP per capita, PPP adjusted$1.7k$67k
GNI, Atlas method$2.3B$141.9B
GNI per capita$720$34k
GNI, PPP adjusted$6.7B$348.6B
GNI per capita, PPP adjusted$2.1k$84k

Financial system and Human development

StatEritreaKuwait
Income Tax Rate30%0%
Corporate Tax Rate30%15%
Inflation, consumer prices9%0.7%
Inflation, GDP deflator13.3%14.6%
Unemployment6.5%2.1%
Economic Freedom Index38.563.2
Personal Freedom Index4.86.24
Human Freedom Index4.86.6
Property Rights Index32.557.1
Judical Effectiveness Index14.347
Business Freedom Index18.261.3
Fiscal Health Index099.6
Labor Freedom Index69.762.2
Investment Freedom Index055
Financial Freedom Index2060
Trade Freedom Index69.276.4
Monetary Freedom Index6173.2
Government Spending Index74.722.4
Tax Burden Index81.497.7
Government Integrity Index21.446
Corruption Perceptions Index2441
Life expectancy at birth, years65.575.3
Suicide mortality rate, per 100,000 people7.92.3
Mortality caused by road traffic injury, per 100,000 people25.317.6
Intentional homicides, per 100,000 people81.8
International tourism, number of arrivals142k8.5M

Government debt & reserves

StatEritreaKuwait
Central government debt, % of GDP129.4%14.8%
External debt stocks, % of GNI40.8%N/A
External debt stocks$791.2MN/A
Short-term debt, % of total reserves16%N/A
Total debt service, % of exports and primary income4.3%N/A
Adjusted net savings including particulate emission damage, % of GNI0.5%14.6%
Gross savings, % of GDP15.8%43.2%
Gross capital formation, % of GDP10%25.2%
Total reserves including gold$114.8M$40.3B
Foreign direct investment net inflows$61M-$21.4M

Exports, imports and economic structure

StatEritreaKuwait
Exports of goods and services, % of GDP14.4%56.7%
Imports of goods and services, % of GDP23.2%43.8%
Current account balance (balance of payments)-$104.7M$24B
Revenue excluding grants, % of GDPN/A38.6%
Grants excluding technical cooperation, BoP$82M$1.6M
Personal remittances received$3.3M$27.7M
Industry including construction value added, % of GDP21.8%59.6%
Agriculture, forestry and fishing value added, % of GDP14.1%0.4%
Charges for the use of intellectual property, payments BoP$281kN/A
Charges for the use of intellectual property, receipts BoP$94kN/A
Expense, % of GDPN/A52%
Government Expenditure, % of GDP29.1%50.9%

Compare with countries close by GDP per capita

Eritrea vs

CountryGDP
per capita
Population
Comoros
$1.4k
824k
Myanmar
$1.3k
53.4M
Lesotho
$1.3k
2.23M
Kyrgyzstan
$1.3k
6.2M
Mauritania
$1.2k
4.42M
South Sudan
$1.1k
12.6M
Tanzania
$1.1k
57.3M
Nepal
$1k
29.4M
Sudan
$977
40.5M
Yemen
$944
28.3M
Benin
$902
11.2M
Mali
$900
18.5M
Guinea
$879
12.7M
Haiti
$868
11M
Tajikistan
$827
8.92M
Guinea-Bissau
$778
1.86M
Rwanda
$773
12.2M
Ethiopia
$772
105M
Chad
$728
15.5M
Gambia
$716
2.1M
Burkina Faso
$715
19.2M
Togo
$679
7.8M
Liberia
$677
4.73M
Uganda
$643
42.9M
DR Congo
$562
86.8M
Sierra Leone
$534
7.56M
Madagascar
$528
25.6M
Afghanistan
$521
34.9M
Mozambique
$499
29.7M
Central African Republic
$476
4.66M

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