Iran vs Kuwait: Economic Indicators Comparison

Iran with a GDP of $454B ranked the 29th largest economy in the world, while Kuwait ranked 58th with $140.6B. By GDP 5-years average growth and GDP per capita, Iran and Kuwait ranked 102nd vs 163rd and 105th vs 30th, respectively.

Gross Domestic Product & Income

StatIranKuwait
GDP$454B$140.6B
GDP growth, 1 year-3.9%1.7%
GDP growth, 5-years average2.8%0.5%
Population80M4.6M
GDP per capita$5.6k$34k
GDP per capita growth2.33%-0.74%
Purchasing Power Parity conversion factor9035.960.14
Price level ratio of PPP conversion factor GDP to market exchange rate0.270.47
GDP per capita, PPP adjusted$20k$67k
GNI, Atlas method$441B$141.9B
GNI per capita$5.5k$34k
GNI, PPP adjusted$1.7T$348.6B
GNI per capita, PPP adjusted$21k$84k

Financial system and Human development

StatIranKuwait
Income Tax Rate35%0%
Corporate Tax Rate25%15%
Inflation, consumer prices31.2%0.7%
Inflation, GDP deflator12.2%14.6%
Unemployment12%2.1%
Economic Freedom Index49.263.2
Personal Freedom Index4.836.24
Human Freedom Index5.296.6
Property Rights Index36.957.1
Judical Effectiveness Index37.147
Business Freedom Index57.361.3
Fiscal Health Index86.599.6
Labor Freedom Index50.762.2
Investment Freedom Index555
Financial Freedom Index1060
Trade Freedom Index54.676.4
Monetary Freedom Index4973.2
Government Spending Index89.222.4
Tax Burden Index8197.7
Government Integrity Index33.546
Corruption Perceptions Index2841
Life expectancy at birth, years76.375.3
Suicide mortality rate, per 100,000 people4.12.3
Mortality caused by road traffic injury, per 100,000 people20.517.6
Intentional homicides, per 100,000 people2.51.8
International tourism, number of arrivals7.3M8.5M

Government debt & reserves

StatIranKuwait
Central government debt, % of GDP33.2%14.8%
External debt stocks, % of GNI1.5%N/A
External debt stocks$6.3BN/A
Short-term debt, % of total reserves62.1%N/A
Total debt service, % of exports and primary income0.8%N/A
Adjusted net savings including particulate emission damage, % of GNI8.2%14.6%
Gross savings, % of GDP37.7%43.2%
Gross capital formation, % of GDP34.7%25.2%
Total reserves including gold$7.7B$40.3B
Foreign direct investment net inflows$3.5B-$21.4M

Exports, imports and economic structure

StatIranKuwait
Exports of goods and services, % of GDP24.9%56.7%
Imports of goods and services, % of GDP23.8%43.8%
Current account balance (balance of payments)$12.5B$24B
Revenue excluding grants, % of GDP25.4%38.6%
Grants excluding technical cooperation, BoP$65M$1.6M
Personal remittances received$1.3B$27.7M
Industry including construction value added, % of GDP34.9%59.6%
Agriculture, forestry and fishing value added, % of GDP9.5%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 GDP19.6%52%
Government Expenditure, % of GDP19%50.9%

Compare with countries close by GDP per capita

Iran vs

CountryGDP
per capita
Population
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
Namibia
$5.9k
2.53M
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
778k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
196k
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M
Algeria
$4.1k
41.3M
Sri Lanka
$4.1k
21.4M

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