Kuwait vs Malawi: Economic Indicators Comparison

Kuwait with a GDP of $140.6B ranked the 58th largest economy in the world, while Malawi ranked 150th with $7.1B. By GDP 5-years average growth and GDP per capita, Kuwait and Malawi ranked 163rd vs 63rd and 30th vs 195th, respectively.

Gross Domestic Product & Income

StatKuwaitMalawi
GDP$140.6B$7.1B
GDP growth, 1 year1.7%3.2%
GDP growth, 5-years average0.5%3.6%
Population4.6M18.6M
GDP per capita$34k$389
GDP per capita growth-0.74%0.8%
Purchasing Power Parity conversion factor0.14217.52
Price level ratio of PPP conversion factor GDP to market exchange rate0.470.3
GDP per capita, PPP adjusted$67k$1.2k
GNI, Atlas method$141.9B$6.5B
GNI per capita$34k$360
GNI, PPP adjusted$348.6B$23.7B
GNI per capita, PPP adjusted$84k$1.3k

Financial system and Human development

StatKuwaitMalawi
Income Tax Rate0%30%
Corporate Tax Rate15%30%
Inflation, consumer prices0.7%9.2%
Inflation, GDP deflator14.6%8.6%
Unemployment2.1%5.4%
Economic Freedom Index63.252.8
Personal Freedom Index6.247.18
Human Freedom Index6.66.68
Property Rights Index57.143.1
Judical Effectiveness Index4742.1
Business Freedom Index61.341.9
Fiscal Health Index99.623.6
Labor Freedom Index62.262.8
Investment Freedom Index5550
Financial Freedom Index6050
Trade Freedom Index76.475.4
Monetary Freedom Index73.269.1
Government Spending Index22.471.7
Tax Burden Index97.779
Government Integrity Index4624.8
Corruption Perceptions Index4132
Life expectancy at birth, years75.363.3
Suicide mortality rate, per 100,000 people2.33.7
Mortality caused by road traffic injury, per 100,000 people17.631
Intentional homicides, per 100,000 people1.81.7
International tourism, number of arrivals8.5M871k

Government debt & reserves

StatKuwaitMalawi
Central government debt, % of GDP14.8%61.3%
External debt stocks, % of GNIN/A32.2%
External debt stocksN/A$2.3B
Short-term debt, % of total reservesN/A3%
Total debt service, % of exports and primary incomeN/A5.7%
Adjusted net savings including particulate emission damage, % of GNI14.6%-16.7%
Gross savings, % of GDP43.2%13.2%
Gross capital formation, % of GDP25.2%13.4%
Total reserves including gold$40.3B$759.6M
Foreign direct investment net inflows-$21.4M$102M

Exports, imports and economic structure

StatKuwaitMalawi
Exports of goods and services, % of GDP56.7%29.2%
Imports of goods and services, % of GDP43.8%36.2%
Current account balance (balance of payments)$24B-$1.4B
Revenue excluding grants, % of GDP38.6%18.1%
Grants excluding technical cooperation, BoP$1.6M$973.7M
Personal remittances received$27.7M$181.6M
Industry including construction value added, % of GDP59.6%14.4%
Agriculture, forestry and fishing value added, % of GDP0.4%26.1%
Charges for the use of intellectual property, payments BoPN/A$3.2M
Charges for the use of intellectual property, receipts BoPN/AN/A
Expense, % of GDP52%20.9%
Government Expenditure, % of GDP50.9%30.7%

Compare with countries close by GDP per capita

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

Malawi vs

CountryGDP
per capita
Population
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
Guinea
$879
12.7M
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
Afghanistan
$521
34.9M
Mozambique
$499
29.7M
Central African Republic
$476
4.66M
Niger
$414
21.5M
Somalia
$315
11M
Burundi
$272
10.9M