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Economy of Jordan vs Kuwait compared: GDP & Debt

Updated on by Georank team

Jordan has a GDP of $53.4B compared to $160B for Kuwait, ranking 90/197 and 59/197 by economy size, respectively.

Jordan has $48.1B in government debt (90.2% of GDP), compared to $4.68B (2.92% of GDP) in Kuwait.

Jordan vs Kuwait GDP by year

Jordan
Kuwait
1x
Year GDP, current $
Jordan Kuwait
2024 $53,352,289,577 $160,227,273,053
2023 $51,088,476,338 $165,384,407,116
2022 $48,764,963,380 $183,502,046,694
2021 $46,296,100,141 $148,350,671,489
2020 $43,700,383,099 $111,045,470,606
2019 $44,503,006,338 $140,856,394,861
2018 $43,370,860,704 $138,646,316,351
2017 $41,608,435,915 $120,687,539,806
2016 $39,892,551,127 $109,406,674,125
2015 $38,587,017,887 $114,585,555,689
2014 $36,847,643,521 $162,650,450,685
2013 $34,454,440,141 $174,168,116,535
2012 $31,634,561,690 $174,047,662,680
2011 $29,524,149,155 $154,039,231,246
2010 $27,133,804,225 $115,416,245,242
2009 $24,537,876,056 $105,968,691,905
2008 $22,658,715,989 $147,379,737,230
2007 $17,110,437,236 $114,634,043,362
2006 $15,056,981,664 $101,557,330,723
2005 $12,588,998,590 $80,798,630,137
2004 $11,411,706,629 $59,439,090,601
2003 $10,195,627,645 $47,874,582,232
2002 $9,582,510,578 $38,135,788,414
2001 $8,975,814,653 $34,889,559,870
2000 $8,460,789,845 $37,718,743,480
1999 $8,149,929,478 $30,122,365,849
1998 $7,912,270,804 $25,943,705,784
1997 $7,245,839,210 $30,350,190,704
1996 $6,927,503,526 $31,492,373,309
1995 $6,727,597,032 $27,186,980,647
1994 $6,236,295,978 $24,848,483,838
1993 $5,606,400,222 $23,941,391,391
1992 $5,310,833,194 $19,858,555,215
1991 $4,344,467,193 $11,009,993,703
1990 $4,160,087,508 $18,427,777,778
1989 $4,221,373,674 $24,313,855,653
1988 $6,277,451,829 $20,690,322,153
1987 $6,756,209,762 $22,368,704,134
1986 $6,402,050,485 $17,903,989,745
1985 $4,993,601,520 $21,445,970,614
1984 $4,967,162,160 $21,700,082,753
1983 $4,920,692,191 $20,871,081,080
1982 $4,681,240,993 $21,577,153,356
1981 $4,383,944,703 $25,058,020,338
1980 $3,910,044,474 $28,638,868,356
1979 $3,271,368,781 $24,749,063,922
1978 $2,602,208,589 $15,503,557,496
1977 $2,096,778,602 $14,137,406,741
1976 $1,708,521,219 $13,132,252,802
1975 $1,363,073,498 $12,022,811,621
1974 $1,197,483,949 $13,006,948,296
1973 $943,783,840 $5,408,804,607
1972 $788,479,685 $4,450,537,925
1971 $678,159,729 $3,880,392,195
1970 $639,519,744 $2,873,638,851
1969 $698,879,720 $2,769,198,892
1968 $561,119,776 $2,662,798,935
1967 $631,679,747 $2,441,599,023
1966 $657,999,737 $2,391,199,044
1965 $599,759,760 $2,097,199,161
1964 - $2,071,668,533
1963 - $1,900,895,857
1962 - $1,828,107,503

Data sources: World Bank | Economy & Growth (1962–2024, retrieved 2026-04-06).

GeoRank.org/economy/jordan/kuwait | CC BY

GDP per capita in Jordan vs Kuwait by year

Jordan
GDP per capita

GDP per capita, PPP
Kuwait
GDP per capita

GDP per capita, PPP
1x
Year Current $
Jordan Kuwait
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $4,618 $10,821 $32,718 $52,444
2023 $4,466 $10,412 $34,076 $53,025
2022 $4,332 $9,927 $39,982 $55,043
2021 $4,183 $9,182 $34,019 $50,652
2020 $4,022 $9,579 $25,236 $41,462
2019 $4,170 $9,429 $31,708 $50,703
2018 $4,145 $9,042 $32,068 $51,371
2017 $4,066 $9,266 $29,048 $46,566
2016 $3,987 $8,748 $27,324 $41,862
2015 $4,043 $8,967 $29,882 $45,267
2014 $4,191 $9,145 $44,369 $68,337
2013 $4,311 $9,817 $49,651 $76,813
2012 $4,170 $9,739 $52,155 $82,090
2011 $3,947 $9,632 $49,170 $79,037
2010 $3,718 $9,417 $39,212 $75,184
2009 $3,436 $9,291 $37,907 $80,110
2008 $3,242 $8,983 $55,585 $90,337
2007 $2,506 $8,416 $45,709 $91,435
2006 $2,343 $8,046 $42,947 $89,075
2005 $2,088 $7,697 $36,123 $84,968
2004 $1,940 $7,074 $27,552 $77,227
2003 $1,776 $6,500 $22,691 $69,752
2002 $1,706 $6,256 $18,513 $59,713
2001 $1,632 $5,948 $17,374 $58,553
2000 $1,571 $5,641 $19,296 $58,703
1999 $1,545 $5,402 $15,854 $56,406
1998 $1,532 $5,264 $14,067 $58,344
1997 $1,436 $5,171 $16,977 $57,420
1996 $1,410 $5,055 $18,201 $56,913
1995 $1,416 $5,027 $16,168 $57,163
1994 $1,367 $4,830 $14,930 $53,946
1993 $1,289 $4,726 $14,318 $48,482
1992 $1,287 $4,654 $12,146 $36,149
1991 $1,110 $4,195 $8,147 $23,390
1990 $1,149 $4,317 $10,938 $30,763
1989 $1,260 - $10,965 -
1988 $1,966 - $9,692 -
1987 $2,217 - $10,896 -
1986 $2,200 - $9,077 -
1985 $1,797 - $11,322 -
1984 $1,871 - $11,919 -
1983 $1,939 - $11,965 -
1982 $1,929 - $12,979 -
1981 $1,885 - $15,825 -
1980 $1,750 - $19,032 -
1979 $1,519 - $17,386 -
1978 $1,249 - $11,567 -
1977 $1,039 - $11,238 -
1976 $873 - $11,141 -
1975 $718 - $10,882 -
1974 $651 - $12,527 -
1973 $531 - $5,532 -
1972 $460 - $4,836 -
1971 $412 - $4,486 -
1970 $409 - $3,552 -
1969 $474 - $3,695 -
1968 $409 - $3,872 -
1967 $497 - $3,887 -
1966 $558 - $4,176 -
1965 $546 - $4,024 -
1964 - - $4,379 -
1963 - - $4,445 -
1962 - - $4,748 -

Data sources: World Bank | Economy & Growth (1962–2024, retrieved 2026-04-06).

GeoRank.org/economy/jordan/kuwait | CC BY

Jordan's GDP per capita is $4,618, ranking 123/197, compared to $32,718 in Kuwait, ranking 37/197. Adjusted for purchasing power (GDP per capita PPP), Jordan ranks 131st at $10,821, while Kuwait ranks 40th at $52,444.

Economic indicators

Jordan Kuwait
Gross domestic product
$53.4B
2024
$160B
2024
GDP rank
90/197
2024
59/197
2024
GDP growth
2.49%
2023-2024
-2.56%
2023-2024
GDP per capita
$4,618
2024
$32,718
2024
GDP per capita rank
123/197
2024
37/197
2024
GDP per capita, PPP
$10,821
2024
$52,444
2024
GDP per capita PPP rank
131/197
2024
40/197
2024
Government debt
$48.1B
2024
$4.68B
2024
Debt-to-GDP ratio
90.2%
2024
2.92%
2024
Government debt per person
$4,167
2024
$956
2024
Government debt per person rank
91/185
2024
143/185
2024
Average annual personal income after taxes
$4,787
2026
$23,828
2026
Market capitalization of domestic companies
$24.9B
2024
$141B
2024
Income share by richest 10%
27.4%
2010
n/a
Income share by poorest 10%
3.5%
2010
n/a
Government expenditure, % of GDP
33%
2024
50.4%
2024
Consumer prices inflation
1.56%
2023-2024
2.9%
2023-2024
Central bank interest rate
5.75%
2025
3.5%
2025
Unemployment rate
16.6%
2023
2.16%
2016
Population
11555022
5100145

Spending and national debt comparison by year

Jordan
Spending

Debt
Kuwait
Spending

Debt
1x
Year % of GDP
Jordan Kuwait
Government spending Government debt Government spending Government debt
2024 33% 90.2% 50.4% 2.92%
2023 32.9% 89% 48.3% 3.13%
2022 33.3% 88.6% 39.6% 2.95%
2021 34.1% 87.6% 48.3% 7.2%
2020 33.7% 104.5% 62.9% 10.2%
2019 32.4% 92.9% 50.3% 10.5%
2018 32% 87.4% 51.1% 14.3%
2017 29.6% 86.1% 51.9% 19.6%
2016 29.8% 85% 54.1% 9.88%
2015 31.7% 83.4% 55.4% 4.6%
2014 39.2% 78.6% 45% 3.43%
2013 36.4% 78.1% 38.4% 3.09%
2012 32.2% 73.8% 38.2% 3.6%
2011 27.4% 63.9% 39.7% 4.64%
2010 29.8% 59.5% 45.5% 6.16%
2009 35.9% 55.5% 42.9% 6.65%
2008 35.8% 53.2% 40.9% 5.38%
2007 37.7% 64.4% 30.4% 7.05%
2006 34.7% 65.6% 32.3% 7.79%
2005 37.3% 80.5% 28.8% 10.2%
2004 36.6% 86% 35.3% 13.9%
2003 36% 94.6% 38.2% 17.2%
2002 32.9% 91.3% 42.8% 21.3%
2001 32.1% 89.7% 41.4% 23%
2000 33.1% 85.6% 29.9% 21.4%
1999 32.7% 98.1% 44.5% 25.5%
1998 34.9% 99.8% 51.7% 25.6%
1997 33.9% 98.1% 43.8% 24.3%
1996 36.2% 104.9% 42.8% 26.5%
1995 35.5% 106.1% 52% 34.9%
1994 34.3% 116.2% 57.8% 37.7%
1993 36.4% 126.6% 58.2% 28.8%
1992 35.5% 139.6% 77.6% 27.9%
1991 44.9% 187% 208.9% 45.3%
1990 44% 204.8% 122.9% -
1989 42.5% 195.4% - -
1988 44.3% 129.3% - -
1987 42.1% 101.9% - -
1986 33.8% 84.3% - -
1985 42.4% 85.2% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1985–1989, retrieved 2026-02-20).

GeoRank.org/economy/jordan/kuwait | CC BY

In 2024, Jordan's government spending was $17.6B, accounting for 33% of its GDP, while Kuwait spent $80.8B, or 50.4% of GDP.

Debt-to-GDP ratio is 90.2% in Jordan and 2.92% in Kuwait, ranking 32/185 and 184/185, respectively.

Government deficit by year

Deficit/surplus
Jordan

Kuwait
1x
Year Deficit/surplus, % of GDP
Jordan Kuwait
2024 -7.33% 23.8%
2023 -6.89% 28.2%
2022 -6.8% 30%
2021 -8.45% 9.98%
2020 -10.1% 0.14%
2019 -7.19% 13%
2018 -5.78% 17.5%
2017 -3.61% 15.3%
2016 -3.71% 13.1%
2015 -7.1% 16.6%
2014 -15.5% 30%
2013 -16.1% 40.6%
2012 -13.8% 40.7%
2011 -5.61% 38.8%
2010 -5.43% 31.9%
2009 -8.66% 31.3%
2008 -5.38% 21.3%
2007 -5.45% 37.1%
2006 -3.82% 28%
2005 -5.36% 38.9%
2004 -1.09% 32.5%
2003 -2.52% 27.2%
2002 -4.44% 31%
2001 -2.77% 45.2%
2000 -3.99% 52.5%
1999 -2.69% 28.2%
1998 -5.4% 19.5%
1997 -2.97% 29.5%
1996 -3.25% 24.3%
1995 -1.72% 11.7%
1994 -2.3% 1.76%
1993 -2.14% -3.12%
1992 1.87% -28.1%
1991 -10.2% -145%
1990 -7.45% -50%
1989 -6.89% -
1988 -13% -
1987 -13.4% -
1986 -2.39% -
1985 -6.9% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1985–1989, retrieved 2026-02-20).

GeoRank.org/economy/jordan/kuwait | CC BY

In 2024, Jordan's government deficit, the difference between spending and revenue, was $3.91B, equivalent to 7.33% of GDP. This compares to Kuwait's surplus of $38.1B, or 23.8% of GDP.

Over the past 35 years, Jordan recorded a fiscal deficit in 34 of those years, while Kuwait ran a deficit in 4 years. On average, Jordan posted an annual deficit equal to 5.8% of GDP, compared to surplus of 16.7% of GDP for Kuwait.

Inflation comparison by year

Inflation
Jordan

Kuwait
1x
Year Consumer prices inflation
Jordan Kuwait
2024 1.56% 2.9%
2023 2.08% 3.64%
2022 4.23% 3.98%
2021 1.35% 3.42%
2020 0.33% 2.1%
2019 0.76% 1.09%
2018 4.46% 0.54%
2017 3.32% 2.17%
2016 -0.78% 3.2%
2015 -0.88% 3.27%
2014 2.9% 2.91%
2013 4.82% 2.68%
2012 4.52% 3.26%
2011 4.16% 4.84%
2010 4.85% 4.5%
2009 -0.74% 4.61%
2008 14% 10.6%
2007 4.74% 5.48%
2006 6.25% 3.06%
2005 3.49% 4.14%
2004 3.36% 1.25%
2003 1.63% 0.96%
2002 1.83% 0.89%
2001 1.77% 1.3%
2000 0.67% 1.81%
1999 0.61% 2.99%
1998 3.09% 0.13%
1997 3.04% 0.68%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/jordan/kuwait | CC BY

Over the past 28 years, Jordan has recorded an average annual inflation rate of 2.91%, compared with 2.94% in Kuwait. In 2024, inflation was 1.56% in Jordan and 2.9% in Kuwait.

Top exports between countries

Jordan
Export category Export value
Raw agricultural goods $89.6M
Chemicals & pharma $26.6M
Processed food, beverages & tobacco $24.6M
Textiles & consumer goods $10.6M
Animal & marine products $7.61M
Miscellaneous $7.2M
Raw materials & minerals $6.95M
Metals $5.45M
Machinery & equipment $4.99M
Wood & paper products $3.63M
Kuwait
Export category Export value
Machinery & equipment $41.8M
Chemicals & pharma $24.8M
Metals $17.3M
Textiles & consumer goods $15M
Processed food, beverages & tobacco $15M
Raw agricultural goods $7.67M
Raw materials & minerals $7.43M
Animal & marine products $4.41M
Wood & paper products $2.9M
Miscellaneous $500K

Balance of trade

Jordan Kuwait
Current account balance
-$3.13B
2024
$46.7B
2024
Current account balance ranking
158/190
2024
15/190
2024
Current account balance, % of GDP
-5.86%
2024
+29.1%
2024
Goods imports
$23.9B
2024
$33.4B
2024
Goods exports
$13.3B
2024
$77.5B
2024
Service imports
$6.5B
2024
$28.1B
2024
Service exports
$9.45B
2024
$12.2B
2024
Imports of goods and services, % of GDP
57.1%
2024
38.3%
2023
Exports of goods and services, % of GDP
42.6%
2024
57.7%
2023

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Jordan Kuwait
Economic freedom 59.3 59.9
Economic freedom ranking 104/197 100/197
Property rights 52.3 42
Government integrity 51 47.9
Judicial effectiveness 44 43.4
Tax burden 84.1 97.7
Government spending 67.2 36.2
Fiscal health 5.2 99.9
Business freedom 62.7 57.4
Labor freedom 51.3 49.2
Monetary freedom 81.2 68.7
Trade freedom 82 75.8
Investment freedom 70 50
Financial freedom 60 50

Economic freedom comparison by year

Jordan
Kuwait
1x
Year Economic freedom index
Jordan Kuwait
2026 59.3 59.9
2025 59.4 59.9
2024 58.3 58.5
2023 58.8 56.7
2022 60.1 58.3
2021 64.6 64.1
2020 66 63.2
2019 66.5 60.8
2018 64.9 62.2
2017 66.7 65.1
2016 68.3 62.7
2015 69.3 62.5
2014 69.2 62.3
2013 70.4 63.1
2012 69.9 62.5
2011 68.9 64.9
2010 66.1 67.7
2009 65.4 65.6
2008 64.1 68.1
2007 64.5 66.4
2006 63.7 66.5
2005 66.7 64.6
2004 66.1 63.6
2003 65.3 66.7
2002 66.2 65.4
2001 68.3 68.2
2000 67.5 69.7
1999 67.4 69.5
1998 66.8 66.3
1997 63.6 64.8
1996 60.8 66.1
1995 62.7 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/jordan/kuwait | CC BY

The Economic Freedom Index for Jordan is 59.3, ranking 104/197, compared to 59.9 for Kuwait, ranking 100/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Jordan Kuwait
Services, % of GDP
60.4%
2024
55.9%
2024
Industry, % of GDP
25.1%
2024
57.1%
2024
Agriculture, forestry, and fishing, % of GDP
5.07%
2024
0.49%
2024
GNI, Atlas method
$51.2B
2024
$200B
2024
GNI per capita, PPP
$10,570
2024
$63,270
2024
Total reserves including gold
$21.9B
2024
$50.7B
2024
Total reserves ranking
60/177
2024
41/177
2024
Net foreign direct investment
-$1.58B
2024
$9.71B
2024
Net inflows of foreign direct investment
$1.63B
2024
$615M
2024
Net outflows of foreign direct investment
$54.1M
2024
$10.3B
2024
Servicing debt to the IMF, % of GNI
8.64%
2024
n/a
Poverty at national poverty lines
14.2%
2020
n/a
Gross capital formation, % of GDP
25.2%
2021
17.7%
2023

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/jordan/kuwait | CC BY

Compare countries by 7 more topics

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Data sources:

  1. World Bank | Economy & Growth (1962–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. International Monetary Fund (IMF) | Public Finances in Modern History (1985–1989, retrieved 2026-02-20)
  6. TradeMap (2023–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.