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Economy of Kuwait vs Saint Lucia compared: GDP & Debt

Updated on by Georank team

Kuwait has a GDP of $160B compared to $2.55B for Saint Lucia, ranking 59/197 and 173/197 by economy size, respectively.

Kuwait has $4.68B in government debt (2.92% of GDP), compared to $1.97B (77.2% of GDP) in Saint Lucia.

Kuwait vs Saint Lucia GDP by year

Kuwait
Saint Lucia
1x
Year GDP, current $
Kuwait Saint Lucia
2024 $160,227,273,053 $2,549,062,963
2023 $165,384,407,116 $2,430,166,667
2022 $183,502,046,694 $2,342,714,815
2021 $148,350,671,489 $1,867,185,185
2020 $111,045,470,606 $1,499,274,074
2019 $140,856,394,861 $2,095,344,444
2018 $138,646,316,351 $2,060,955,556
2017 $120,687,539,806 $1,998,503,704
2016 $109,406,674,125 $1,868,544,444
2015 $114,585,555,689 $1,807,640,741
2014 $162,650,450,685 $1,749,185,185
2013 $174,168,116,535 $1,660,392,593
2012 $174,047,662,680 $1,598,207,407
2011 $154,039,231,246 $1,568,370,370
2010 $115,416,245,242 $1,482,385,185
2009 $105,968,691,905 $1,401,507,889
2008 $147,379,737,230 $1,437,731,111
2007 $114,634,043,362 $1,336,088,815
2006 $101,557,330,723 $1,268,319,185
2005 $80,798,630,137 $1,135,555,556
2004 $59,439,090,601 $1,066,666,667
2003 $47,874,582,232 $987,407,407
2002 $38,135,788,414 $900,000,000
2001 $34,889,559,870 $892,592,593
2000 $37,718,743,480 $932,592,593
1999 $30,122,365,849 $921,851,852
1998 $25,943,705,784 $877,407,407
1997 $30,350,190,704 $805,925,926
1996 $31,492,373,309 $788,888,889
1995 $27,186,980,647 $762,962,963
1994 $24,848,483,838 $713,703,704
1993 $23,941,391,391 $684,814,815
1992 $19,858,555,215 $674,074,074
1991 $11,009,993,703 $613,703,704
1990 $18,427,777,778 $579,629,630
1989 $24,313,855,653 $486,666,667
1988 $20,690,322,153 $429,629,630
1987 $22,368,704,134 $375,555,556
1986 $17,903,989,745 $340,000,000
1985 $21,445,970,614 $284,444,444
1984 $21,700,082,753 $251,481,481
1983 $20,871,081,080 $197,037,037
1982 $21,577,153,356 $183,333,333
1981 $25,058,020,338 $194,444,444
1980 $28,638,868,356 $170,370,370
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/saint-lucia | CC BY

GDP per capita in Kuwait vs Saint Lucia by year

Kuwait
GDP per capita

GDP per capita, PPP
Saint Lucia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Kuwait Saint Lucia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $32,718 $52,444 $14,182 $27,567
2023 $34,076 $53,025 $13,555 $25,975
2022 $39,982 $55,043 $13,104 $24,599
2021 $34,019 $50,652 $10,459 $19,101
2020 $25,236 $41,462 $8,411 $14,912
2019 $31,708 $50,703 $11,794 $18,710
2018 $32,068 $51,371 $11,643 $17,433
2017 $29,048 $46,566 $11,333 $16,131
2016 $27,324 $41,862 $10,638 $15,307
2015 $29,882 $45,267 $10,335 $14,353
2014 $44,369 $68,337 $10,045 $14,403
2013 $49,651 $76,813 $9,577 $14,010
2012 $52,155 $82,090 $9,260 $13,443
2011 $49,170 $79,037 $9,129 $13,471
2010 $39,212 $75,184 $8,674 $12,718
2009 $37,907 $80,110 $8,251 $12,600
2008 $55,585 $90,337 $8,517 $12,969
2007 $45,709 $91,435 $7,964 $12,199
2006 $42,947 $89,075 $7,611 $11,758
2005 $36,123 $84,968 $6,863 $10,818
2004 $27,552 $77,227 $6,495 $10,610
2003 $22,691 $69,752 $6,059 $9,707
2002 $18,513 $59,713 $5,568 $9,205
2001 $17,374 $58,553 $5,570 $9,106
2000 $19,296 $58,703 $5,880 $9,314
1999 $15,854 $56,406 $5,883 $9,214
1998 $14,067 $58,344 $5,673 $8,965
1997 $16,977 $57,420 $5,282 $8,456
1996 $18,201 $56,913 $5,244 $8,490
1995 $16,168 $57,163 $5,148 $8,222
1994 $14,930 $53,946 $4,892 $8,041
1993 $14,318 $48,482 $4,765 $7,865
1992 $12,146 $36,149 $4,760 $7,753
1991 $8,147 $23,390 $4,399 $7,127
1990 $10,938 $30,763 $4,205 $6,951
1989 $10,965 - $3,565 -
1988 $9,692 - $3,182 -
1987 $10,896 - $2,819 -
1986 $9,077 - $2,591 -
1985 $11,322 - $2,202 -
1984 $11,919 - $1,979 -
1983 $11,965 - $1,576 -
1982 $12,979 - $1,489 -
1981 $15,825 - $1,605 -
1980 $19,032 - $1,428 -
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/saint-lucia | CC BY

Kuwait's GDP per capita is $32,718, ranking 37/197, compared to $14,182 in Saint Lucia, ranking 70/197. Adjusted for purchasing power (GDP per capita PPP), Kuwait ranks 40th at $52,444, while Saint Lucia ranks 75th at $27,567.

Economic indicators

Kuwait Saint Lucia
Gross domestic product
$160B
2024
$2.55B
2024
GDP rank
59/197
2024
173/197
2024
GDP growth
-2.56%
2023-2024
3.89%
2023-2024
GDP per capita
$32,718
2024
$14,182
2024
GDP per capita rank
37/197
2024
70/197
2024
GDP per capita, PPP
$52,444
2024
$27,567
2024
GDP per capita PPP rank
40/197
2024
75/197
2024
Government debt
$4.68B
2024
$1.97B
2024
Debt-to-GDP ratio
2.92%
2024
77.2%
2024
Government debt per person
$956
2024
$10,952
2024
Government debt per person rank
143/185
2024
52/185
2024
Average annual personal income after taxes
$23,828
2026
$10,412
2026
Market capitalization of domestic companies
$141B
2024
n/a
Income share by richest 10% n/a
34.1%
2015
Income share by poorest 10% n/a
2.1%
2015
Government expenditure, % of GDP
50.4%
2024
24.5%
2024
Consumer prices inflation
2.9%
2023-2024
-0.11%
2023-2024
Central bank interest rate
3.5%
2025
n/a
Unemployment rate
2.16%
2016
10.1%
2024
Population
5100145
180638

Spending and national debt comparison by year

Kuwait
Spending

Debt
Saint Lucia
Spending

Debt
1x
Year % of GDP
Kuwait Saint Lucia
Government spending Government debt Government spending Government debt
2024 50.4% 2.92% 24.5% 77.2%
2023 48.3% 3.13% 25.6% 76.6%
2022 39.6% 2.95% 23% 74.4%
2021 48.3% 7.2% 27.4% 87%
2020 62.9% 10.2% 34.9% 100%
2019 50.3% 10.5% 25.1% 62.1%
2018 51.1% 14.3% 23.2% 60.5%
2017 51.9% 19.6% 23.3% 60.4%
2016 54.1% 9.88% 23% 61.3%
2015 55.4% 4.6% 23.7% 61.1%
2014 45% 3.43% 23.6% 62.4%
2013 38.4% 3.09% 25.4% 62.1%
2012 38.2% 3.6% 28% 60.8%
2011 39.7% 4.64% 27% 55.2%
2010 45.5% 6.16% 26% 53%
2009 42.9% 6.65% 24.5% 51%
2008 40.9% 5.38% 22.2% 46.7%
2007 30.4% 7.05% 22.6% 49.1%
2006 32.3% 7.79% 24.7% 48.6%
2005 28.8% 10.2% 26% 51.9%
2004 35.3% 13.9% 22.9% 49.6%
2003 38.2% 17.2% 22.9% 45.6%
2002 42.8% 21.3% 23.6% 48.8%
2001 41.4% 23% 22.1% 38.1%
2000 29.9% 21.4% 20.7% 32.5%
1999 44.5% 25.5% 20.9% 28.9%
1998 51.7% 25.6% 18.8% 29.4%
1997 43.8% 24.3% 19.5% 27.2%
1996 42.8% 26.5% 18.9% 24.1%
1995 52% 34.9% 19.2% 22.9%
1994 57.8% 37.7% 19.1% 23.8%
1993 58.2% 28.8% 21.8% 22.9%
1992 77.6% 27.9% 18.4% 22.2%
1991 208.9% 45.3% 18.4% 19.8%
1990 122.9% - 16.7% 17%
1989 - - 19% 18.1%
1988 - - 18.2% 18.6%
1987 - - 19.9% 19.6%
1986 - - 21.1% 17.2%
1985 - - 20.4% 17.1%

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/kuwait/saint-lucia | CC BY

In 2024, Kuwait's government spending was $80.8B, accounting for 50.4% of its GDP, while Saint Lucia spent $625M, or 24.5% of GDP.

Debt-to-GDP ratio is 2.92% in Kuwait and 77.2% in Saint Lucia, ranking 184/185 and 46/185, respectively.

Government deficit by year

Deficit/surplus
Kuwait

Saint Lucia
1x
Year Deficit/surplus, % of GDP
Kuwait Saint Lucia
2024 23.8% -2.13%
2023 28.2% -3.09%
2022 30% -1.67%
2021 9.98% -5.1%
2020 0.14% -12%
2019 13% -3.51%
2018 17.5% -1.03%
2017 15.3% -1.14%
2016 13.1% -0.79%
2015 16.6% -2.35%
2014 30% -3.08%
2013 40.6% -4.84%
2012 40.7% -7.62%
2011 38.8% -5.38%
2010 31.9% -4.17%
2009 31.3% -2.67%
2008 21.3% -0.72%
2007 37.1% -1.62%
2006 28% -5.07%
2005 38.9% -6.18%
2004 32.5% -2.63%
2003 27.2% -3.23%
2002 31% -3.1%
2001 45.2% -3.08%
2000 52.5% -1.16%
1999 28.2% 1.62%
1998 19.5% 2.25%
1997 29.5% -1.13%
1996 24.3% -0.58%
1995 11.7% -0.13%
1994 1.76% -0.02%
1993 -3.12% -0.26%
1992 -28.1% -0.66%
1991 -145% -0.43%
1990 -50% 0.29%
1989 - 0.89%
1988 - 2.02%
1987 - 0.56%
1986 - -1.61%
1985 - -1.5%

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/kuwait/saint-lucia | 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 Saint Lucia's deficit of $54.2M, or 2.13% of GDP.

Over the past 35 years, Kuwait recorded a fiscal deficit in 4 of those years, while Saint Lucia ran a deficit in 32 years. On average, Kuwait posted an annual surplus equal to 16.7% of GDP, compared to deficit of 2.47% of GDP for Saint Lucia.

Inflation comparison by year

Inflation
Kuwait

Saint Lucia
1x
Year Consumer prices inflation
Kuwait Saint Lucia
2024 2.9% -0.11%
2023 3.64% 4.07%
2022 3.98% 6.38%
2021 3.42% 2.41%
2020 2.1% -1.76%
2019 1.09% 0.54%
2018 0.54% 1.94%
2017 2.17% 0.1%
2016 3.2% -3.08%
2015 3.27% -0.98%
2014 2.91% 3.52%
2013 2.68% 1.47%
2012 3.26% 4.18%
2011 4.84% 2.77%
2010 4.5% 3.25%
2009 4.61% -0.16%
2008 10.6% 5.55%
2007 5.48% 2.82%
2006 3.06% 2.4%
2005 4.14% 3.9%
2004 1.25% 1.46%
2003 0.96% 1.03%
2002 0.89% -0.26%
2001 1.3% 5.31%
2000 1.81% 3.71%
1999 2.99% 3.5%
1998 0.13% 3.2%
1997 0.68% -0.006%

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

GeoRank.org/economy/kuwait/saint-lucia | CC BY

Over the past 28 years, Kuwait has recorded an average annual inflation rate of 2.94%, compared with 2.04% in Saint Lucia. In 2024, inflation was 2.9% in Kuwait and -0.11% in Saint Lucia.

Balance of trade

Kuwait Saint Lucia
Current account balance
$46.7B
2024
-$64.1M
2024
Current account balance ranking
15/190
2024
86/190
2024
Current account balance, % of GDP
+29.1%
2024
-2.52%
2024
Goods imports
$33.4B
2024
$848M
2024
Goods exports
$77.5B
2024
$137M
2024
Service imports
$28.1B
2024
$598M
2024
Service exports
$12.2B
2024
$1.46B
2024
Imports of goods and services, % of GDP
38.3%
2023
n/a
Exports of goods and services, % of GDP
57.7%
2023
19%
2025

Economic freedom indices

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

Kuwait Saint Lucia
Economic freedom 59.9 67.5
Economic freedom ranking 100/197 57/197
Property rights 42 64.3
Government integrity 47.9 59.7
Judicial effectiveness 43.4 77.3
Tax burden 97.7 77.7
Government spending 36.2 82.6
Fiscal health 99.9 80
Business freedom 57.4 71.9
Labor freedom 49.2 65.2
Monetary freedom 68.7 81
Trade freedom 75.8 60
Investment freedom 50 50
Financial freedom 50 40

Economic freedom comparison by year

Kuwait
Saint Lucia
1x
Year Economic freedom index
Kuwait Saint Lucia
2026 59.9 67.5
2025 59.9 67
2024 58.5 62.2
2023 56.7 60.7
2022 58.3 64.3
2021 64.1 67.5
2020 63.2 68.2
2019 60.8 68.7
2018 62.2 67.6
2017 65.1 65
2016 62.7 70
2015 62.5 70.2
2014 62.3 70.7
2013 63.1 70.4
2012 62.5 71.3
2011 64.9 70.8
2010 67.7 70.5
2009 65.6 68.8
2008 68.1 -
2007 66.4 -
2006 66.5 -
2005 64.6 -
2004 63.6 -
2003 66.7 -
2002 65.4 -
2001 68.2 -
2000 69.7 -
1999 69.5 -
1998 66.3 -
1997 64.8 -
1996 66.1 -

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09).

GeoRank.org/economy/kuwait/saint-lucia | CC BY

The Economic Freedom Index for Kuwait is 59.9, ranking 100/197, compared to 67.5 for Saint Lucia, ranking 57/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Kuwait Saint Lucia
Services, % of GDP
55.9%
2024
75.9%
2024
Industry, % of GDP
57.1%
2024
9.75%
2024
Agriculture, forestry, and fishing, % of GDP
0.49%
2024
1.13%
2024
GNI, Atlas method
$200B
2024
$2.27B
2024
GNI per capita, PPP
$63,270
2024
$24,840
2024
Total reserves including gold
$50.7B
2024
$406M
2024
Total reserves ranking
41/177
2024
162/177
2024
Net foreign direct investment
$9.71B
2024
-$187M
2024
Net inflows of foreign direct investment
$615M
2024
$187M
2024
Net outflows of foreign direct investment
$10.3B
2024
-$350K
2024
Servicing debt to the IMF, % of GNI n/a
3.42%
2024
Poverty at national poverty lines n/a
25%
2016
Gross capital formation, % of GDP
17.7%
2023
n/a

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/saint-lucia | 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 (1996–2026, 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. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. 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.

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.