Kuwait vs Saudi Arabia: Economic Indicators Comparison

Saudi Arabia with a GDP of $786.5B ranked the 18th largest economy in the world, while Kuwait ranked 58th with $140.6B. By GDP 5-years average growth and GDP per capita, Saudi Arabia and Kuwait ranked 124th vs 163rd and 41st vs 30th, respectively.

Gross Domestic Product & Income

Stat	Kuwait	Saudi Arabia
GDP	$140.6B	$786.5B
GDP growth, 1 year	1.7%	2.2%
GDP growth, 5-years average	0.5%	2.2%
Population	4.6M	33M
GDP per capita	$34k	$23k
GDP per capita growth	-0.74%	0.61%
Purchasing Power Parity conversion factor	0.14	1.58
Price level ratio of PPP conversion factor GDP to market exchange rate	0.47	0.42
GDP per capita, PPP adjusted	$67k	$56k
GNI, Atlas method	$141.9B	$727.8B
GNI per capita	$34k	$22k
GNI, PPP adjusted	$348.6B	$1.9T
GNI per capita, PPP adjusted	$84k	$56k

Financial system and Human development

Stat	Kuwait	Saudi Arabia
Income Tax Rate	0%	2.5%
Corporate Tax Rate	15%	2.5%
Inflation, consumer prices	0.7%	2.5%
Inflation, GDP deflator	14.6%	11.5%
Unemployment	2.1%	5.9%
Economic Freedom Index	63.2	62.4
Personal Freedom Index	6.24	4.65
Human Freedom Index	6.6	5.66
Property Rights Index	57.1	64.6
Judical Effectiveness Index	47	72.3
Business Freedom Index	61.3	66.6
Fiscal Health Index	99.6	19.3
Labor Freedom Index	62.2	63.3
Investment Freedom Index	55	45
Financial Freedom Index	60	50
Trade Freedom Index	76.4	75.4
Monetary Freedom Index	73.2	81
Government Spending Index	22.4	61.8
Tax Burden Index	97.7	99.8
Government Integrity Index	46	49.6
Corruption Perceptions Index	41	49
Life expectancy at birth, years	75.3	74.9
Suicide mortality rate, per 100,000 people	2.3	3.2
Mortality caused by road traffic injury, per 100,000 people	17.6	28.8
Intentional homicides, per 100,000 people	1.8	1.3
International tourism, number of arrivals	8.5M	15.3M

Government debt & reserves

Stat	Kuwait	Saudi Arabia
Central government debt, % of GDP	14.8%	19.1%
External debt stocks, % of GNI	N/A	N/A
External debt stocks	N/A	N/A
Short-term debt, % of total reserves	N/A	N/A
Total debt service, % of exports and primary income	N/A	N/A
Adjusted net savings including particulate emission damage, % of GNI	14.6%	13.4%
Gross savings, % of GDP	43.2%	33.2%
Gross capital formation, % of GDP	25.2%	24.2%
Total reserves including gold	$40.3B	$509.5B
Foreign direct investment net inflows	-$21.4M	$4.2B

Exports, imports and economic structure

Stat	Kuwait	Saudi Arabia
Exports of goods and services, % of GDP	56.7%	39.9%
Imports of goods and services, % of GDP	43.8%	26.7%
Current account balance (balance of payments)	$24B	$70.6B
Revenue excluding grants, % of GDP	38.6%	26.8%
Grants excluding technical cooperation, BoP	$1.6M	$290k
Personal remittances received	$27.7M	$334.9M
Industry including construction value added, % of GDP	59.6%	49.5%
Agriculture, forestry and fishing value added, % of GDP	0.4%	2.2%
Charges for the use of intellectual property, payments BoP	N/A	N/A
Charges for the use of intellectual property, receipts BoP	N/A	N/A
Expense, % of GDP	52%	28%
Government Expenditure, % of GDP	50.9%	35.7%