Guinea vs Kuwait: Economic Indicators Comparison

Kuwait with a GDP of $140.6B ranked the 58th largest economy in the world, while Guinea ranked 142nd with $10.9B. By GDP 5-years average growth and GDP per capita, Kuwait and Guinea ranked 163rd vs 15th and 30th vs 175th, respectively.

Gross Domestic Product & Income

StatGuineaKuwait
GDP$10.9B$140.6B
GDP growth, 1 year5.8%1.7%
GDP growth, 5-years average6.7%0.5%
Population12.7M4.6M
GDP per capita$879$34k
GDP per capita growth3.2%-0.74%
Purchasing Power Parity conversion factor3160.710.14
Price level ratio of PPP conversion factor GDP to market exchange rate0.350.47
GDP per capita, PPP adjusted$2.3k$67k
GNI, Atlas method$10.6B$141.9B
GNI per capita$850$34k
GNI, PPP adjusted$30.6B$348.6B
GNI per capita, PPP adjusted$2.5k$84k

Financial system and Human development

StatGuineaKuwait
Income Tax Rate40%0%
Corporate Tax Rate35%15%
Inflation, consumer prices9.7%0.7%
Inflation, GDP deflator-1.3%14.6%
Unemployment3.6%2.1%
Economic Freedom Index56.563.2
Personal Freedom Index5.956.24
Human Freedom Index5.686.6
Property Rights Index38.757.1
Judical Effectiveness Index33.347
Business Freedom Index55.461.3
Fiscal Health Index93.899.6
Labor Freedom Index5862.2
Investment Freedom Index5055
Financial Freedom Index4060
Trade Freedom Index60.476.4
Monetary Freedom Index70.673.2
Government Spending Index91.422.4
Tax Burden Index7097.7
Government Integrity Index16.146
Corruption Perceptions Index2841
Life expectancy at birth, years60.775.3
Suicide mortality rate, per 100,000 people6.32.3
Mortality caused by road traffic injury, per 100,000 people28.217.6
Intentional homicides, per 100,000 people8.81.8
International tourism, number of arrivals99k8.5M

Government debt & reserves

StatGuineaKuwait
Central government debt, % of GDP38.7%14.8%
External debt stocks, % of GNI24.6%N/A
External debt stocks$2.6BN/A
Short-term debt, % of total reserves12.4%N/A
Total debt service, % of exports and primary income2.2%N/A
Adjusted net savings including particulate emission damage, % of GNI-6.5%14.6%
Gross savings, % of GDP3.1%43.2%
Gross capital formation, % of GDP18.9%25.2%
Total reserves including gold$1.2B$40.3B
Foreign direct investment net inflows$352.8M-$21.4M

Exports, imports and economic structure

StatGuineaKuwait
Exports of goods and services, % of GDP37.6%56.7%
Imports of goods and services, % of GDP53%43.8%
Current account balance (balance of payments)-$190.5M$24B
Revenue excluding grants, % of GDP12.1%38.6%
Grants excluding technical cooperation, BoP$367.3M$1.6M
Personal remittances received$28.4M$27.7M
Industry including construction value added, % of GDP24.8%59.6%
Agriculture, forestry and fishing value added, % of GDP24.3%0.4%
Charges for the use of intellectual property, payments BoP$620kN/A
Charges for the use of intellectual property, receipts BoP-$1.5MN/A
Expense, % of GDP9.4%52%
Government Expenditure, % of GDP16.9%50.9%

Compare with countries close by GDP per capita

Guinea vs

CountryGDP
per capita
Population
Senegal
$1.5k
15.9M
Cambodia
$1.5k
16M
Pakistan
$1.5k
197M
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
Haiti
$868
11M
Tajikistan
$827
8.92M
Eritrea
$811
3.5M
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

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