Ethiopia vs Kuwait: Economic Indicators Comparison

Kuwait with a GDP of $140.6B ranked the 58th largest economy in the world, while Ethiopia ranked 68th with $84.4B. By GDP 5-years average growth and GDP per capita, Kuwait and Ethiopia ranked 163rd vs 2nd and 30th vs 181st, respectively.

Gross Domestic Product & Income

Stat	Ethiopia	Kuwait
GDP	$84.4B	$140.6B
GDP growth, 1 year	7.7%	1.7%
GDP growth, 5-years average	9.3%	0.5%
Population	105M	4.6M
GDP per capita	$772	$34k
GDP per capita growth	4.05%	-0.74%
Purchasing Power Parity conversion factor	9.97	0.14
Price level ratio of PPP conversion factor GDP to market exchange rate	0.38	0.47
GDP per capita, PPP adjusted	$2.3k	$67k
GNI, Atlas method	$86.7B	$141.9B
GNI per capita	$790	$34k
GNI, PPP adjusted	$219.4B	$348.6B
GNI per capita, PPP adjusted	$2k	$84k

Financial system and Human development

Stat	Ethiopia	Kuwait
Income Tax Rate	35%	0%
Corporate Tax Rate	30%	15%
Inflation, consumer prices	13.8%	0.7%
Inflation, GDP deflator	12.5%	14.6%
Unemployment	1.8%	2.1%
Economic Freedom Index	53.6	63.2
Personal Freedom Index	5.44	6.24
Human Freedom Index	5.33	6.6
Property Rights Index	36.5	57.1
Judical Effectiveness Index	45.1	47
Business Freedom Index	48.6	61.3
Fiscal Health Index	79.2	99.6
Labor Freedom Index	57.6	62.2
Investment Freedom Index	35	55
Financial Freedom Index	20	60
Trade Freedom Index	60.8	76.4
Monetary Freedom Index	62.7	73.2
Government Spending Index	90.8	22.4
Tax Burden Index	77.4	97.7
Government Integrity Index	29.4	46
Corruption Perceptions Index	34	41
Life expectancy at birth, years	65.9	75.3
Suicide mortality rate, per 100,000 people	7.2	2.3
Mortality caused by road traffic injury, per 100,000 people	26.7	17.6
Intentional homicides, per 100,000 people	7.6	1.8
International tourism, number of arrivals	849k	8.5M

Government debt & reserves

Stat	Ethiopia	Kuwait
Central government debt, % of GDP	61.1%	14.8%
External debt stocks, % of GNI	33.4%	N/A
External debt stocks	$28B	N/A
Short-term debt, % of total reserves	18.8%	N/A
Total debt service, % of exports and primary income	20.8%	N/A
Adjusted net savings including particulate emission damage, % of GNI	9.3%	14.6%
Gross savings, % of GDP	33.2%	43.2%
Gross capital formation, % of GDP	34.1%	25.2%
Total reserves including gold	$4B	$40.3B
Foreign direct investment net inflows	$3.4B	-$21.4M

Exports, imports and economic structure

Stat	Ethiopia	Kuwait
Exports of goods and services, % of GDP	8.4%	56.7%
Imports of goods and services, % of GDP	22.8%	43.8%
Current account balance (balance of payments)	-$4.6B	$24B
Revenue excluding grants, % of GDP	9%	38.6%
Grants excluding technical cooperation, BoP	$2.4B	$1.6M
Personal remittances received	$436.3M	$27.7M
Industry including construction value added, % of GDP	27.3%	59.6%
Agriculture, forestry and fishing value added, % of GDP	31.2%	0.4%
Charges for the use of intellectual property, payments BoP	$26.7M	N/A
Charges for the use of intellectual property, receipts BoP	$7.8M	N/A
Expense, % of GDP	10.8%	52%
Government Expenditure, % of GDP	17.5%	50.9%