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Economy of Kuwait vs Nauru compared: GDP & Debt

Updated on by Georank

Kuwait has a GDP of $157B compared to $176M for Nauru, ranking 59/197 and 195/197 by economy size, respectively.

Kuwait has $22.9B in government debt (14.6% of GDP), compared to $25.8M (14.6% of GDP) in Nauru.

Kuwait vs Nauru GDP by year

Kuwait
Nauru
1x
Year GDP, current $
Kuwait Nauru
2025 $157,209,026,926 $176,040,044
2024 $160,903,106,639 $167,833,415
2023 $165,462,656,227 $161,531,317
2022 $183,502,046,694 $180,671,357
2021 $148,350,671,489 $149,268,324
2020 $111,045,470,606 $124,685,688
2019 $140,856,394,861 $125,160,116
2018 $138,646,316,351 $130,995,566
2017 $120,687,539,806 $109,355,639
2016 $109,406,674,125 $97,541,943
2015 $114,585,555,689 $84,863,441
2014 $162,650,450,685 $99,149,244
2013 $174,168,116,535 $94,385,015
2012 $174,047,662,680 $101,055,723
2011 $154,039,231,246 $65,071,880
2010 $115,416,245,242 $47,562,845
2009 $105,968,691,905 $44,176,246
2008 $147,379,737,230 $37,602,265
2007 $114,634,043,362 $22,766,972
2006 $101,557,330,723 $29,200,359
2005 $80,798,630,137 $30,070,666
2004 $59,439,090,601 $30,587,566
2003 $47,874,582,232 $24,778,160
2002 $38,135,788,414 $21,017,424
2001 $34,889,559,870 $22,613,288
2000 $37,718,743,480 $26,930,980
1999 $30,122,365,849 $27,328,613
1998 $25,943,705,784 $29,664,451
1997 $30,350,190,704 $37,331,507
1996 $31,492,373,309 $37,458,801
1995 $27,186,980,647 $39,969,706
1994 $24,848,483,838 $39,742,511
1993 $23,941,391,391 $43,542,088
1992 $19,858,555,215 $51,133,123
1991 $11,009,993,703 $52,533,789
1990 $18,427,777,778 $55,572,376
1989 $24,313,855,653 $53,736,786
1988 $20,690,322,153 $45,931,134
1987 $22,368,704,134 $40,118,410
1986 $17,903,989,745 $39,939,391
1985 $21,445,970,614 $41,548,741
1984 $21,700,082,753 $47,363,231
1983 $20,871,081,080 $48,439,093
1982 $21,577,153,356 $52,877,742
1981 $25,058,020,338 $51,689,637
1980 $28,638,868,356 $46,947,124
1979 $24,749,063,922 $44,431,330
1978 $15,503,557,496 $41,754,147
1977 $14,137,406,741 $40,444,702
1976 $13,132,252,802 $40,287,427
1975 $12,022,811,621 $40,106,776
1974 $13,006,948,296 $35,994,511
1973 $5,408,804,607 $26,529,817
1972 $4,450,537,925 $21,734,269
1971 $3,880,392,195 $19,009,433
1970 $2,873,638,851 $17,570,366
1969 $2,769,198,892 -
1968 $2,662,798,935 -
1967 $2,441,599,023 -
1966 $2,391,199,044 -
1965 $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 (1962–2025, retrieved 2026-07-08).

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

GDP per capita in Kuwait vs Nauru by year

Kuwait
GDP per capita

GDP per capita, PPP
Nauru
GDP per capita

GDP per capita, PPP
1x
Year Current $
Kuwait Nauru
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $32,312 - $14,640 -
2024 $32,856 $52,444 $14,048 $14,173
2023 $34,092 $53,025 $13,603 $13,732
2022 $39,982 $55,043 $15,310 $13,245
2021 $34,019 $50,652 $12,748 $12,112
2020 $25,236 $41,462 $10,709 $10,811
2019 $31,708 $50,703 $10,802 $10,555
2018 $32,068 $51,371 $11,414 $9,657
2017 $29,048 $46,566 $9,657 $9,650
2016 $27,324 $41,862 $8,748 $10,281
2015 $29,882 $45,267 $7,747 $9,955
2014 $44,369 $68,337 $9,230 $9,726
2013 $49,651 $76,813 $8,975 $8,429
2012 $52,155 $82,090 $9,843 $8,153
2011 $49,170 $79,037 $6,444 $6,544
2010 $39,212 $75,184 $4,736 $5,620
2009 $37,907 $80,110 $4,411 $5,568
2008 $55,585 $90,337 $3,757 $5,863
2007 $45,709 $91,435 $2,272 $4,789
2006 $42,947 $89,075 $2,910 $5,975
2005 $36,123 $84,968 $2,992 $5,336
2004 $27,552 $77,227 $3,041 $5,169
2003 $22,691 $69,752 $2,463 $5,261
2002 $18,513 $59,713 $2,085 $5,132
2001 $17,374 $58,553 $2,232 $5,587
2000 $19,296 $58,703 $2,649 $5,838
1999 $15,854 $56,406 $2,683 $6,118
1998 $14,067 $58,344 $2,909 $6,450
1997 $16,977 $57,420 $3,661 $7,231
1996 $18,201 $56,913 $3,679 $7,818
1995 $16,168 $57,163 $3,932 $8,726
1994 $14,930 $53,946 $3,921 $9,308
1993 $14,318 $48,482 $4,310 $9,513
1992 $12,146 $36,149 $5,103 $11,167
1991 $8,147 $23,390 $5,333 $13,265
1990 $10,938 $30,763 $5,776 $16,215
1989 $10,965 - $5,723 -
1988 $9,692 - $5,012 -
1987 $10,896 - $4,485 -
1986 $9,077 - $4,569 -
1985 $11,322 - $4,859 -
1984 $11,919 - $5,654 -
1983 $11,965 - $5,896 -
1982 $12,979 - $6,577 -
1981 $15,825 - $6,594 -
1980 $19,032 - $6,138 -
1979 $17,386 - $5,950 -
1978 $11,567 - $5,721 -
1977 $11,238 - $5,646 -
1976 $11,141 - $5,703 -
1975 $10,882 - $5,740 -
1974 $12,527 - $5,199 -
1973 $5,532 - $3,864 -
1972 $4,836 - $3,191 -
1971 $4,486 - $2,811 -
1970 $3,552 - $2,619 -
1969 $3,695 - - -
1968 $3,872 - - -
1967 $3,887 - - -
1966 $4,176 - - -
1965 $4,024 - - -
1964 $4,379 - - -
1963 $4,445 - - -
1962 $4,748 - - -

Data sources: World Bank | Economy & Growth (1962–2025, retrieved 2026-07-08).

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

Kuwait's GDP per capita is $32,312, ranking 41/197, compared to $14,640 in Nauru, ranking 74/197. Adjusted for purchasing power (GDP per capita PPP), Kuwait ranks 40th at $52,444, while Nauru ranks 119th at $14,173.

Economic indicators

Kuwait Nauru
Gross domestic product
$157B
2025
$176M
2025
GDP rank
59/197
2025
195/197
2025
GDP growth
2.73%
2024-2025
2.14%
2024-2025
GDP per capita
$32,312
2025
$14,640
2025
GDP per capita rank
41/197
2025
74/197
2025
GDP per capita, PPP
$52,444
2024
$14,173
2024
GDP per capita PPP rank
40/197
2024
119/197
2024
Government debt
$22.9B
2025
$25.8M
2025
Debt-to-GDP ratio
14.6%
2025
14.6%
2025
Government debt per person
$4,714
2025
$2,145
2025
Government debt per person rank
87/185
2025
118/185
2025
Average annual personal income after taxes
$24,940
2026
$9,187
2026
Market capitalization of domestic companies
$172B
2025
n/a
Income share by richest 10% n/a
25.3%
2012
Income share by poorest 10% n/a
3.4%
2012
Government expenditure, % of GDP
50.1%
2025
128.7%
2025
Consumer prices inflation
2.36%
2024-2025
6.1%
2024-2025
Central bank interest rate
3.5%
2025
n/a
Unemployment rate
2.16%
2016
5.06%
2021
Population
4981316
12139

Spending and national debt comparison by year

Kuwait
Spending

Debt
Nauru
Spending

Debt
1x
Year % of GDP
Kuwait Nauru
Government spending Government debt Government spending Government debt
2025 50.1% 14.6% 128.7% 14.6%
2024 48% 2.91% 118.4% 16.9%
2023 48.3% 3.13% 111% 19.2%
2022 39.6% 2.95% 113.8% 18.9%
2021 48.3% 7.2% 109.5% 24.2%
2020 62.9% 10.2% 109.4% 56.3%
2019 50.2% 10.5% 106% 59.6%
2018 51% 14.3% 90.8% 71.1%
2017 51.9% 19.6% 102.3% 78%
2016 54% 9.88% 96% 86.3%
2015 55.3% 4.6% 85.4% 113%
2014 45% 3.43% 61.3% 147.7%
2013 38.4% 3.09% 66% 166.9%
2012 38.1% 3.6% 46% 157.3%
2011 39.6% 4.64% 44.7% 236.8%
2010 45.4% 6.16% 73.8% 298.9%
2009 42.8% 6.65% 68% 295.6%
2008 40.8% 5.38% - -
2007 30.4% 7.05% - -
2006 32.2% 7.79% - -
2005 28.7% 10.2% - -
2004 35.2% 13.9% - -
2003 38% 17.2% - -
2002 42.5% 21.3% - -
2001 41.2% 23% - -
2000 29.7% 21.4% - -
1999 44.3% 25.5% - -
1998 51.4% 25.6% - -
1997 43.5% 24.3% - -
1996 42.5% 26.5% - -
1995 51.7% 34.9% - -
1994 57.5% 37.7% - -
1993 58% 28.8% - -
1992 77.4% 27.9% - -
1991 208.1% 45.3% - -
1990 122.4% - - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

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

In 2025, Kuwait's government spending was $78.8B, accounting for 50.1% of its GDP, while Nauru spent $227M, or 128.7% of GDP.

Debt-to-GDP ratio is 14.6% in Kuwait and 14.6% in Nauru, ranking 177/185 and 176/185, respectively.

Government deficit by year

Deficit/surplus
Kuwait

Nauru
1x
Year Deficit/surplus, % of GDP
Kuwait Nauru
2025 28.4% 3.51%
2024 26% 28.9%
2023 28.2% 18.2%
2022 30% 20.5%
2021 9.99% 52.4%
2020 0.16% 42.8%
2019 13% 31%
2018 17.6% 29.6%
2017 15.3% 16.2%
2016 12.8% 18.9%
2015 16.3% 10.7%
2014 29.8% 29.6%
2013 40.4% 1.71%
2012 40.5% 8.12%
2011 38.6% 2.73%
2010 31.7% 0.09%
2009 31.1% 0.37%
2008 21.2% -
2007 36.9% -
2006 27.8% -
2005 38.8% -
2004 32.3% -
2003 27% -
2002 30.9% -
2001 44.9% -
2000 52.3% -
1999 28% -
1998 19.4% -
1997 29.4% -
1996 24.2% -
1995 11.7% -
1994 1.71% -
1993 -3.2% -
1992 -28% -
1991 -144.5% -
1990 -49.9% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

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

In 2025, Kuwait's government surplus, the difference between spending and revenue, was $44.6B, equivalent to 28.4% of GDP. This compares to Nauru's surplus of $6.19M, or 3.51% of GDP.

Over the past 17 years, Kuwait recorded a fiscal deficit in 0 of those years, while Nauru ran a deficit in 0 years. On average, Kuwait posted an annual surplus equal to 24.1% of GDP, compared to surplus of 18.5% of GDP for Nauru.

Inflation comparison by year

Inflation
Kuwait

Nauru
1x
Year Consumer prices inflation
Kuwait Nauru
2025 2.36% 6.1%
2024 2.9% 9.3%
2023 3.64% 4.8%
2022 3.98% 1.1%
2021 3.42% 2%
2020 2.1% 0.9%
2019 1.09% 4.1%
2018 0.54% 1.1%
2017 2.17% 4.5%
2016 3.2% 8.1%
2015 3.27% 9.8%
2014 2.91% 0.3%
2013 2.68% -1.1%
2012 3.26% 0.3%
2011 4.84% -3.4%
2010 4.5% -2%
2009 4.61% 22.4%
2008 10.6% 1%
2007 5.48% 5.6%
2006 3.06% 19.3%
2005 4.14% 8.7%
2004 1.25% -
2003 0.96% -
2002 0.89% -
2001 1.3% -
2000 1.81% -
1999 2.99% -
1998 0.13% -
1997 0.68% -

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | World Economic Outlook (2005–2025, retrieved 2026-07-08).

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

Over the past 21 years, Kuwait has recorded an average annual inflation rate of 3.56%, compared with 4.9% in Nauru. In 2025, inflation was 2.36% in Kuwait and 6.1% in Nauru.

Top exports between countries

Kuwait
Export category Export value
Nauru
Export category Export value
Chemicals & pharma $10K
Machinery & equipment $5K
Textiles & consumer goods $3K

Balance of trade

Kuwait Nauru
Current account balance
$35.7B
2025
$9.73M
2024
Current account balance ranking
16/190
2025
69/190
2024
Current account balance, % of GDP
+22.7%
2025
+5.8%
2024
Goods imports
$37.5B
2025
$92.7M
2024
Goods exports
$70.7B
2025
$25.5M
2024
Service imports
$29.6B
2025
$88.2M
2024
Service exports
$12.7B
2025
$64.6M
2024
Imports of goods and services, % of GDP
38.2%
2024
103.7%
2025
Exports of goods and services, % of GDP
55.8%
2024
61.8%
2025

Economic freedom indices

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

Kuwait Nauru
Economic freedom 59.9 60
Economic freedom ranking 100/197 97/197
Property rights 42 n/a
Government integrity 47.9 n/a
Judicial effectiveness 43.4 n/a
Tax burden 97.7 n/a
Government spending 36.2 n/a
Fiscal health 99.9 n/a
Business freedom 57.4 n/a
Labor freedom 49.2 n/a
Monetary freedom 68.7 n/a
Trade freedom 75.8 n/a
Investment freedom 50 n/a
Financial freedom 50 n/a

Other economic metrics

Kuwait Nauru
Services, % of GDP
59.6%
2025
n/a
Industry, % of GDP
54.1%
2025
n/a
Agriculture, forestry, and fishing, % of GDP
0.53%
2025
n/a
GNI, Atlas method
$201B
2024
$249M
2025
GNI per capita, PPP
$64,040
2024
$20,200
2025
Total reserves including gold
$51.7B
2025
n/a
Total reserves ranking
47/177
2025
n/a
Net foreign direct investment
$2.58B
2025
$4.51M
2024
Net inflows of foreign direct investment
$615M
2024
-$5.85M
2024
Net outflows of foreign direct investment
$10.3B
2024
-$1.34M
2024
Gross capital formation, % of GDP
15.1%
2024
n/a

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1962–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-07-08)
  5. TradeMap (2024, retrieved 2026-07-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  7. LivingCost (2026, retrieved 2026-07-08)

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.

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.