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Economy of Kuwait vs Poland compared: GDP & Debt

Updated on by Georank team

Kuwait has a GDP of $160B compared to $918B for Poland, ranking 59/197 and 21/197 by economy size, respectively.

Kuwait has $4.68B in government debt (2.92% of GDP), compared to $507B (55.3% of GDP) in Poland.

Kuwait vs Poland GDP by year

Kuwait
Poland
1x
Year GDP, current $
Kuwait Poland
2024 $160,227,273,053 $917,767,106,147
2023 $165,384,407,116 $812,451,193,396
2022 $183,502,046,694 $695,607,470,875
2021 $148,350,671,489 $689,170,230,665
2020 $111,045,470,606 $605,914,237,904
2019 $140,856,394,861 $602,683,770,145
2018 $138,646,316,351 $594,616,687,350
2017 $120,687,539,806 $528,356,676,667
2016 $109,406,674,125 $473,259,583,970
2015 $114,585,555,689 $480,054,118,583
2014 $162,650,450,685 $542,134,167,179
2013 $174,168,116,535 $518,179,836,405
2012 $174,047,662,680 $498,148,649,703
2011 $154,039,231,246 $527,848,543,023
2010 $115,416,245,242 $478,111,630,684
2009 $105,968,691,905 $440,891,472,247
2008 $147,379,737,230 $535,612,030,672
2007 $114,634,043,362 $429,715,132,138
2006 $101,557,330,723 $345,897,630,736
2005 $80,798,630,137 $306,999,913,151
2004 $59,439,090,601 $256,268,656,145
2003 $47,874,582,232 $218,561,225,998
2002 $38,135,788,414 $199,694,463,256
2001 $34,889,559,870 $191,823,200,371
2000 $37,718,743,480 $172,953,527,033
1999 $30,122,365,849 $170,704,452,715
1998 $25,943,705,784 $175,282,269,667
1997 $30,350,190,704 $159,893,964,917
1996 $31,492,373,309 $160,813,026,223
1995 $27,186,980,647 $142,838,527,115
1994 $24,848,483,838 $110,803,635,288
1993 $23,941,391,391 $96,043,157,273
1992 $19,858,555,215 $94,337,050,693
1991 $11,009,993,703 $85,500,935,935
1990 $18,427,777,778 $65,977,748,211
1989 $24,313,855,653 -
1988 $20,690,322,153 -
1987 $22,368,704,134 -
1986 $17,903,989,745 -
1985 $21,445,970,614 -
1984 $21,700,082,753 -
1983 $20,871,081,080 -
1982 $21,577,153,356 -
1981 $25,058,020,338 -
1980 $28,638,868,356 -
1979 $24,749,063,922 -
1978 $15,503,557,496 -
1977 $14,137,406,741 -
1976 $13,132,252,802 -
1975 $12,022,811,621 -
1974 $13,006,948,296 -
1973 $5,408,804,607 -
1972 $4,450,537,925 -
1971 $3,880,392,195 -
1970 $2,873,638,851 -
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 (1962–2024, retrieved 2026-04-06).

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

GDP per capita in Kuwait vs Poland by year

Kuwait
GDP per capita

GDP per capita, PPP
Poland
GDP per capita

GDP per capita, PPP
1x
Year Current $
Kuwait Poland
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $32,718 $52,444 $25,104 $51,263
2023 $34,076 $53,025 $22,145 $48,473
2022 $39,982 $55,043 $18,891 $46,778
2021 $34,019 $50,652 $18,636 $41,060
2020 $25,236 $41,462 $16,151 $37,089
2019 $31,708 $50,703 $15,875 $35,882
2018 $32,068 $51,371 $15,658 $32,345
2017 $29,048 $46,566 $13,913 $30,170
2016 $27,324 $41,862 $12,464 $28,360
2015 $29,882 $45,267 $12,638 $26,988
2014 $44,369 $68,337 $14,262 $25,460
2013 $49,651 $76,813 $13,622 $24,434
2012 $52,155 $82,090 $13,087 $23,728
2011 $49,170 $79,037 $13,868 $22,809
2010 $39,212 $75,184 $12,568 $20,991
2009 $37,907 $80,110 $11,556 $19,300
2008 $55,585 $90,337 $14,049 $18,372
2007 $45,709 $91,435 $11,273 $16,833
2006 $42,947 $89,075 $9,069 $15,205
2005 $36,123 $84,968 $8,044 $13,936
2004 $27,552 $77,227 $6,712 $13,413
2003 $22,691 $69,752 $5,721 $12,329
2002 $18,513 $59,713 $5,223 $11,841
2001 $17,374 $58,553 $5,015 $11,175
2000 $19,296 $58,703 $4,521 $10,721
1999 $15,854 $56,406 $4,416 $10,081
1998 $14,067 $58,344 $4,534 $9,521
1997 $16,977 $57,420 $4,137 $8,967
1996 $18,201 $56,913 $4,164 $8,310
1995 $16,168 $57,163 $3,701 $7,715
1994 $14,930 $53,946 $2,875 $7,040
1993 $14,318 $48,482 $2,497 $6,560
1992 $12,146 $36,149 $2,459 $6,193
1991 $8,147 $23,390 $2,236 $5,925
1990 $10,938 $30,763 $1,731 $6,185
1989 $10,965 - - -
1988 $9,692 - - -
1987 $10,896 - - -
1986 $9,077 - - -
1985 $11,322 - - -
1984 $11,919 - - -
1983 $11,965 - - -
1982 $12,979 - - -
1981 $15,825 - - -
1980 $19,032 - - -
1979 $17,386 - - -
1978 $11,567 - - -
1977 $11,238 - - -
1976 $11,141 - - -
1975 $10,882 - - -
1974 $12,527 - - -
1973 $5,532 - - -
1972 $4,836 - - -
1971 $4,486 - - -
1970 $3,552 - - -
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 (1962–2024, retrieved 2026-04-06).

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

Kuwait's GDP per capita is $32,718, ranking 37/197, compared to $25,104 in Poland, ranking 48/197. Adjusted for purchasing power (GDP per capita PPP), Kuwait ranks 40th at $52,444, while Poland ranks 43rd at $51,263.

Economic indicators

Kuwait Poland
Gross domestic product
$160B
2024
$918B
2024
GDP rank
59/197
2024
21/197
2024
GDP growth
-2.56%
2023-2024
3.03%
2023-2024
GDP per capita
$32,718
2024
$25,104
2024
GDP per capita rank
37/197
2024
48/197
2024
GDP per capita, PPP
$52,444
2024
$51,263
2024
GDP per capita PPP rank
40/197
2024
43/197
2024
Government debt
$4.68B
2024
$507B
2024
Debt-to-GDP ratio
2.92%
2024
55.3%
2024
Government debt per person
$956
2024
$13,874
2024
Government debt per person rank
143/185
2024
41/185
2024
Average annual personal income after taxes
$23,828
2026
$20,736
2026
Market capitalization of domestic companies
$141B
2024
$197B
2024
Number of billionaires n/a
10
2025
Income share by richest 10% n/a
22.9%
2023
Income share by poorest 10% n/a
3.3%
2023
Government expenditure, % of GDP
50.4%
2024
49.4%
2024
Consumer prices inflation
2.9%
2023-2024
3.78%
2023-2024
Central bank interest rate
3.5%
2025
4%
2025
Unemployment rate
2.16%
2016
2.81%
2024
Population
5100145
35806942

Spending and national debt comparison by year

Kuwait
Spending

Debt
Poland
Spending

Debt
1x
Year % of GDP
Kuwait Poland
Government spending Government debt Government spending Government debt
2024 50.4% 2.92% 49.4% 55.3%
2023 48.3% 3.13% 46.9% 49.5%
2022 39.6% 2.95% 43.2% 48.8%
2021 48.3% 7.2% 43.6% 53%
2020 62.9% 10.2% 47.7% 56.6%
2019 50.3% 10.5% 41.4% 45.2%
2018 51.1% 14.3% 41% 48.2%
2017 51.9% 19.6% 41.1% 50.4%
2016 54.1% 9.88% 41.1% 54.1%
2015 55.4% 4.6% 41.5% 51.1%
2014 45% 3.43% 42.7% 51.1%
2013 38.4% 3.09% 43.2% 56.9%
2012 38.2% 3.6% 43.2% 54.5%
2011 39.7% 4.64% 44.1% 54.8%
2010 45.5% 6.16% 46% 53.7%
2009 42.9% 6.65% 44.9% 49.7%
2008 40.9% 5.38% 44% 46.6%
2007 30.4% 7.05% 42.8% 44.4%
2006 32.3% 7.79% 44.3% 47.1%
2005 28.8% 10.2% 44.1% 46.5%
2004 35.3% 13.9% 43.3% 44.9%
2003 38.2% 17.2% 45.5% 46.4%
2002 42.8% 21.3% 45.1% 41.6%
2001 41.4% 23% 44.7% 37.2%
2000 29.9% 21.4% 43.1% 36.4%
1999 44.5% 25.5% 42.5% 39.4%
1998 51.7% 25.6% 44% 38.7%
1997 43.8% 24.3% 46.1% 42.7%
1996 42.8% 26.5% 50.7% 43.2%
1995 52% 34.9% 47.5% 48.7%
1994 57.8% 37.7% - 64.3%
1993 58.2% 28.8% - 83.9%
1992 77.6% 27.9% - 81.9%
1991 208.9% 45.3% - 76.9%
1990 122.9% - - 89.7%
1989 - - - -
1988 - - - -
1987 - - - -
1986 - - - -
1985 - - - -
1984 - - - -
1983 - - - -
1982 - - - -
1981 - - - -
1980 - - - -
1979 - - 35.6% -
1978 - - 35.8% -
1977 - - 35.6% -
1976 - - 34.8% -
1975 - - 34.1% -
1974 - - 28.6% -
1973 - - 24.5% -
1972 - - 24.1% -
1971 - - 24.1% -
1970 - - 25.8% -
1969 - - 26.3% -
1968 - - 27.3% -
1967 - - 29.6% -
1966 - - 31.7% -
1965 - - 31.8% -
1964 - - 33.5% -
1963 - - 33.3% -
1962 - - 43% -
1961 - - 42.8% -
1960 - - 39.2% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1994, retrieved 2026-02-20).

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

In 2024, Kuwait's government spending was $80.8B, accounting for 50.4% of its GDP, while Poland spent $453B, or 49.4% of GDP.

Debt-to-GDP ratio is 2.92% in Kuwait and 55.3% in Poland, ranking 184/185 and 95/185, respectively.

Government deficit by year

Deficit/surplus
Kuwait

Poland
1x
Year Deficit/surplus, % of GDP
Kuwait Poland
2024 23.8% -6.59%
2023 28.2% -5.27%
2022 30% -3.44%
2021 9.98% -1.75%
2020 0.14% -6.85%
2019 13% -0.73%
2018 17.5% -0.24%
2017 15.3% -1.49%
2016 13.1% -2.38%
2015 16.6% -2.59%
2014 30% -3.66%
2013 40.6% -4.25%
2012 40.7% -3.8%
2011 38.8% -4.97%
2010 31.9% -7.43%
2009 31.3% -7.24%
2008 21.3% -3.6%
2007 37.1% -1.88%
2006 28% -3.53%
2005 38.9% -3.93%
2004 32.5% -4.99%
2003 27.2% -6.02%
2002 31% -4.8%
2001 45.2% -4.73%
2000 52.5% -4%
1999 28.2% -2.3%
1998 19.5% -4.25%
1997 29.5% -4.61%
1996 24.3% -4.84%
1995 11.7% -4.39%
1994 1.76% -
1993 -3.12% -
1992 -28.1% -
1991 -145% -
1990 -50% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

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

In 2024, Kuwait's government surplus, the difference between spending and revenue, was $38.1B, equivalent to 23.8% of GDP. This compares to Poland's deficit of $60.4B, or 6.59% of GDP.

Over the past 30 years, Kuwait recorded a fiscal deficit in 0 of those years, while Poland ran a deficit in 30 years. On average, Kuwait posted an annual surplus equal to 26.9% of GDP, compared to deficit of 4.02% of GDP for Poland.

Inflation comparison by year

Inflation
Kuwait

Poland
1x
Year Consumer prices inflation
Kuwait Poland
2024 2.9% 3.78%
2023 3.64% 11.5%
2022 3.98% 14.4%
2021 3.42% 5.06%
2020 2.1% 3.37%
2019 1.09% 2.23%
2018 0.54% 1.81%
2017 2.17% 2.08%
2016 3.2% -0.66%
2015 3.27% -0.87%
2014 2.91% 0.05%
2013 2.68% 0.99%
2012 3.26% 3.56%
2011 4.84% 4.24%
2010 4.5% 2.58%
2009 4.61% 3.8%
2008 10.6% 4.16%
2007 5.48% 2.46%
2006 3.06% 1.28%
2005 4.14% 2.18%
2004 1.25% 3.38%
2003 0.96% 0.68%
2002 0.89% 1.91%
2001 1.3% 5.41%
2000 1.81% 9.9%
1999 2.99% 7.15%
1998 0.13% 11.6%
1997 0.68% 14.9%

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

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

Over the past 28 years, Kuwait has recorded an average annual inflation rate of 2.94%, compared with 4.39% in Poland. In 2024, inflation was 2.9% in Kuwait and 3.78% in Poland.

Top exports between countries

Kuwait
Export category Export value
Chemicals & pharma $12.8M
Machinery & equipment $1.87M
Textiles & consumer goods $35K
Raw materials & minerals $25K
Metals $18K
Miscellaneous $5K
Poland
Export category Export value
Machinery & equipment $44.4M
Textiles & consumer goods $27.8M
Processed food, beverages & tobacco $27.4M
Chemicals & pharma $16.5M
Animal & marine products $7M
Miscellaneous $6.02M
Raw materials & minerals $2.4M
Raw agricultural goods $2.28M
Metals $1.32M
Wood & paper products $924K

Balance of trade

Kuwait Poland
Current account balance
$46.7B
2024
$2.8B
2024
Current account balance ranking
15/190
2024
40/190
2024
Current account balance, % of GDP
+29.1%
2024
+0.3%
2024
Goods imports
$33.4B
2024
$367B
2024
Goods exports
$77.5B
2024
$361B
2024
Service imports
$28.1B
2024
$74.9B
2024
Service exports
$12.2B
2024
$118B
2024
Imports of goods and services, % of GDP
38.3%
2023
48.2%
2024
Exports of goods and services, % of GDP
57.7%
2023
52.2%
2024

Economic freedom indices

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

Kuwait Poland
Economic freedom 59.9 68.5
Economic freedom ranking 100/197 46/197
Property rights 42 71.8
Government integrity 47.9 60.7
Judicial effectiveness 43.4 62.5
Tax burden 97.7 72.7
Government spending 36.2 35.1
Fiscal health 99.9 74.8
Business freedom 57.4 77.5
Labor freedom 49.2 53.7
Monetary freedom 68.7 73.8
Trade freedom 75.8 79.4
Investment freedom 50 80
Financial freedom 50 80

Economic freedom comparison by year

Kuwait
Poland
1x
Year Economic freedom index
Kuwait Poland
2026 59.9 68.5
2025 59.9 67.1
2024 58.5 66
2023 56.7 67.7
2022 58.3 68.7
2021 64.1 69.7
2020 63.2 69.1
2019 60.8 67.8
2018 62.2 68.5
2017 65.1 68.3
2016 62.7 69.3
2015 62.5 68.6
2014 62.3 67
2013 63.1 66
2012 62.5 64.2
2011 64.9 64.1
2010 67.7 63.2
2009 65.6 60.3
2008 68.1 60.3
2007 66.4 58.1
2006 66.5 59.3
2005 64.6 59.6
2004 63.6 58.7
2003 66.7 61.8
2002 65.4 65
2001 68.2 61.8
2000 69.7 60
1999 69.5 59.6
1998 66.3 59.2
1997 64.8 56.8
1996 66.1 57.8
1995 - 50.7

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

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

The Economic Freedom Index for Kuwait is 59.9, ranking 100/197, compared to 68.5 for Poland, ranking 46/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Kuwait Poland
Services, % of GDP
55.9%
2024
59.1%
2024
Industry, % of GDP
57.1%
2024
27.2%
2024
Agriculture, forestry, and fishing, % of GDP
0.49%
2024
2.54%
2024
GNI, Atlas method
$200B
2024
$789B
2024
GNI per capita, PPP
$63,270
2024
$49,540
2024
Total reserves including gold
$50.7B
2024
$223B
2024
Total reserves ranking
41/177
2024
17/177
2024
Net foreign direct investment
$9.71B
2024
-$10.6B
2024
Net inflows of foreign direct investment
$615M
2024
$20.6B
2024
Net outflows of foreign direct investment
$10.3B
2024
$10B
2024
Poverty at national poverty lines n/a
13.3%
2024
Gross capital formation, % of GDP
17.7%
2023
17.8%
2024

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/kuwait/poland | CC BY

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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 (1960–1994, 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)

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.