Gabon vs Kuwait: Economic Indicators Comparison

Kuwait with a GDP of $140.6B ranked the 58th largest economy in the world, while Gabon ranked 121st with $16.9B. By GDP 5-years average growth and GDP per capita, Kuwait and Gabon ranked 163rd vs 116th and 30th vs 86th, respectively.

Gross Domestic Product & Income

StatGabonKuwait
GDP$16.9B$140.6B
GDP growth, 1 year1.2%1.7%
GDP growth, 5-years average2.4%0.5%
Population2M4.6M
GDP per capita$8k$34k
GDP per capita growth-1.76%-0.74%
Purchasing Power Parity conversion factor247.230.14
Price level ratio of PPP conversion factor GDP to market exchange rate0.440.47
GDP per capita, PPP adjusted$18k$67k
GNI, Atlas method$14.5B$141.9B
GNI per capita$6.8k$34k
GNI, PPP adjusted$35.4B$348.6B
GNI per capita, PPP adjusted$17k$84k

Financial system and Human development

StatGabonKuwait
Income Tax Rate35%0%
Corporate Tax Rate30%15%
Inflation, consumer prices4.8%0.7%
Inflation, GDP deflator7.1%14.6%
Unemployment19.5%2.1%
Economic Freedom Index56.763.2
Personal Freedom Index5.766.24
Human Freedom Index5.796.6
Property Rights Index36.957.1
Judical Effectiveness Index20.847
Business Freedom Index52.161.3
Fiscal Health Index88.999.6
Labor Freedom Index52.362.2
Investment Freedom Index6055
Financial Freedom Index4060
Trade Freedom Index51.276.4
Monetary Freedom Index77.373.2
Government Spending Index89.322.4
Tax Burden Index74.397.7
Government Integrity Index36.746
Corruption Perceptions Index3141
Life expectancy at birth, years65.875.3
Suicide mortality rate, per 100,000 people7.12.3
Mortality caused by road traffic injury, per 100,000 people23.217.6
Intentional homicides, per 100,000 people81.8
International tourism, number of arrivals269k8.5M

Government debt & reserves

StatGabonKuwait
Central government debt, % of GDP58.2%14.8%
External debt stocks, % of GNI43%N/A
External debt stocks$6.8BN/A
Short-term debt, % of total reserves14.2%N/A
Total debt service, % of exports and primary income7.7%N/A
Adjusted net savings including particulate emission damage, % of GNI8.9%14.6%
Gross savings, % of GDP38.4%43.2%
Gross capital formation, % of GDP21.8%25.2%
Total reserves including gold$1.3B$40.3B
Foreign direct investment net inflows$845.8M-$21.4M

Exports, imports and economic structure

StatGabonKuwait
Exports of goods and services, % of GDP50.5%56.7%
Imports of goods and services, % of GDP21.5%43.8%
Current account balance (balance of payments)$141M$24B
Revenue excluding grants, % of GDP16.8%38.6%
Grants excluding technical cooperation, BoP$20.1M$1.6M
Personal remittances received$18.5M$27.7M
Industry including construction value added, % of GDP48.8%59.6%
Agriculture, forestry and fishing value added, % of GDP5.4%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 GDP13.7%52%
Government Expenditure, % of GDP18.9%50.9%

Compare with countries close by GDP per capita

Gabon vs

CountryGDP
per capita
Population
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
Cuba
$8.8k
11.5M
Lebanon
$8.3k
6.1M
Botswana
$8.3k
2.29M
Dominican Republic
$8.1k
10.4M
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
Fiji
$6.3k
906k
Suriname
$6.2k
563k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M

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