Kazakhstan vs Kuwait: Economic Indicators Comparison

Kazakhstan with a GDP of $179.3B ranked the 55th largest economy in the world, while Kuwait ranked 58th with $140.6B. By GDP 5-years average growth and GDP per capita, Kazakhstan and Kuwait ranked 95th vs 163rd and 75th vs 30th, respectively.

Gross Domestic Product & Income

StatKazakhstanKuwait
GDP$179.3B$140.6B
GDP growth, 1 year4.1%1.7%
GDP growth, 5-years average2.9%0.5%
Population18.3M4.6M
GDP per capita$9.8k$34k
GDP per capita growth2.74%-0.74%
Purchasing Power Parity conversion factor121.320.14
Price level ratio of PPP conversion factor GDP to market exchange rate0.350.47
GDP per capita, PPP adjusted$28k$67k
GNI, Atlas method$147.6B$141.9B
GNI per capita$8.1k$34k
GNI, PPP adjusted$446.9B$348.6B
GNI per capita, PPP adjusted$24k$84k

Financial system and Human development

StatKazakhstanKuwait
Income Tax Rate10%0%
Corporate Tax Rate20%15%
Inflation, consumer prices6%0.7%
Inflation, GDP deflator9.2%14.6%
Unemployment4.9%2.1%
Economic Freedom Index69.663.2
Personal Freedom Index6.876.24
Human Freedom Index6.916.6
Property Rights Index61.357.1
Judical Effectiveness Index62.147
Business Freedom Index74.661.3
Fiscal Health Index84.199.6
Labor Freedom Index8662.2
Investment Freedom Index5055
Financial Freedom Index5060
Trade Freedom Index80.276.4
Monetary Freedom Index68.173.2
Government Spending Index85.522.4
Tax Burden Index92.397.7
Government Integrity Index40.946
Corruption Perceptions Index3141
Life expectancy at birth, years7375.3
Suicide mortality rate, per 100,000 people22.52.3
Mortality caused by road traffic injury, per 100,000 people17.617.6
Intentional homicides, per 100,000 people51.8
International tourism, number of arrivals8.8M8.5M

Government debt & reserves

StatKazakhstanKuwait
Central government debt, % of GDP21.9%14.8%
External debt stocks, % of GNI105.7%N/A
External debt stocks$156.9BN/A
Short-term debt, % of total reserves27%N/A
Total debt service, % of exports and primary income48.3%N/A
Adjusted net savings including particulate emission damage, % of GNI5.8%14.6%
Gross savings, % of GDP30.2%43.2%
Gross capital formation, % of GDP23.8%25.2%
Total reserves including gold$31B$40.3B
Foreign direct investment net inflows$213.8M-$21.4M

Exports, imports and economic structure

StatKazakhstanKuwait
Exports of goods and services, % of GDP37.5%56.7%
Imports of goods and services, % of GDP25.3%43.8%
Current account balance (balance of payments)-$288.9M$24B
Revenue excluding grants, % of GDP16%38.6%
Grants excluding technical cooperation, BoP$90.9M$1.6M
Personal remittances received$618M$27.7M
Industry including construction value added, % of GDP33.5%59.6%
Agriculture, forestry and fishing value added, % of GDP4.4%0.4%
Charges for the use of intellectual property, payments BoP$167.7MN/A
Charges for the use of intellectual property, receipts BoP$912kN/A
Expense, % of GDP14.7%52%
Government Expenditure, % of GDP22%50.9%

Compare with countries close by GDP per capita

Kazakhstan vs

CountryGDP
per capita
Population
Palau
$16k
21.7k
Panama
$16k
4.1M
Poland
$15k
38.4M
Croatia
$15k
4.11M
Romania
$12k
19.6M
Costa Rica
$12k
4.91M
Argentina
$12k
44.9M
Malaysia
$11k
31.6M
Russia
$11k
147M
Mauritius
$11k
1.26M
Grenada
$11k
108k
Saint Lucia
$11k
179k
Maldives
$10k
436k
Equatorial Guinea
$10k
1.27M
Nauru
$9.9k
13.7k
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
Gabon
$8k
2.03M
Dominica
$7.7k
73.9k
Saint Vincent
$7.4k
110k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M

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