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Kuwait vs Singapore: Economic Indicators Comparison

Singapore with a GDP of $364.2B ranked the 36th largest economy in the world, while Kuwait ranked 58th with $140.6B. By GDP 5-years average growth and GDP per capita, Singapore and Kuwait ranked 76th vs 163rd and 10th vs 30th, respectively.

Gross Domestic Product & Income

StatKuwaitSingapore
GDP$140.6B$364.2B
GDP growth, 1 year1.7%3.2%
GDP growth, 5-years average0.5%3.3%
Population4.7M5.9M
GDP per capita$34k$65k
GDP per capita growth-0.74%2.66%
Purchasing Power Parity conversion factor0.140.86
Price level ratio of PPP conversion factor GDP to market exchange rate0.470.64
GDP per capita, PPP adjusted$67k$100k
GNI, Atlas method$141.9B$331.4B
GNI per capita$34k$59k
GNI, PPP adjusted$348.6B$533.8B
GNI per capita, PPP adjusted$84k$95k

Financial system and Human development

StatKuwaitSingapore
Income Tax Rate0%22%
Corporate Tax Rate15%17%
Inflation, consumer prices0.7%0.4%
Inflation, GDP deflator14.6%1.9%
Unemployment2.1%3.8%
Economic Freedom Index63.289.4
Personal Freedom Index6.247.44
Human Freedom Index6.68.1
Property Rights Index57.196.8
Judical Effectiveness Index4792.9
Business Freedom Index61.392.8
Fiscal Health Index99.680
Labor Freedom Index62.290.9
Investment Freedom Index5585
Financial Freedom Index6080
Trade Freedom Index76.494.8
Monetary Freedom Index73.285.6
Government Spending Index22.491.1
Tax Burden Index97.790.3
Government Integrity Index4692.4
Corruption Perceptions Index4185
Life expectancy at birth, years75.382.9
Suicide mortality rate, per 100,000 people2.39.9
Mortality caused by road traffic injury, per 100,000 people17.62.8
Intentional homicides, per 100,000 people1.80.2
International tourism, number of arrivals8.5M14.7M

Government debt & reserves

StatKuwaitSingapore
Central government debt, % of GDP14.8%108.3%
External debt stocks, % of GNIN/AN/A
External debt stocksN/AN/A
Short-term debt, % of total reservesN/AN/A
Total debt service, % of exports and primary incomeN/AN/A
Adjusted net savings including particulate emission damage, % of GNI14.6%36.8%
Gross savings, % of GDP43.2%45.8%
Gross capital formation, % of GDP25.2%26.6%
Total reserves including gold$40.3B$292.7B
Foreign direct investment net inflows-$21.4M$82B

Exports, imports and economic structure

StatKuwaitSingapore
Exports of goods and services, % of GDP56.7%176.4%
Imports of goods and services, % of GDP43.8%149.8%
Current account balance (balance of payments)$24B$65.1B
Revenue excluding grants, % of GDP38.6%18.8%
Grants excluding technical cooperation, BoP$1.6M$1.6M
Personal remittances received$27.7MN/A
Industry including construction value added, % of GDP59.6%25.2%
Agriculture, forestry and fishing value added, % of GDP0.4%0%
Charges for the use of intellectual property, payments BoPN/A$15.2B
Charges for the use of intellectual property, receipts BoPN/A$8.7B
Expense, % of GDP52%15.2%
Government Expenditure, % of GDP50.9%17.2%

Compare with countries close by GDP per capita

Kuwait vs

CountryGDP
per capita
Population
Netherlands
$53k
17.2M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
31.6k
Germany
$48k
83M
Belgium
$48k
11.2M
Canada
$46k
35.7M
United Arab Emirates
$43k
9.35M
United Kingdom
$43k
65.1M
Andorra
$42k
76.2k
New Zealand
$42k
4.89M
Israel
$42k
8.89M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.6M
Bahamas
$32k
377k
Brunei
$32k
418k
South Korea
$31k
51.1M
Spain
$30k
46.5M
Malta
$30k
423k
Cyprus
$28k
1.14M
Slovenia
$26k
2.07M
Taiwan
$25k
23.6M
Bahrain
$24k
1.33M
Portugal
$23k
10.6M
Saudi Arabia
$23k
33M
Estonia
$23k
1.32M
Czech Republic
$23k
10.6M
Vatican City
$21k
1k
Greece
$20k
10.8M

Singapore vs

CountryGDP
per capita
Population
Monaco
$186k
37.8k
Liechtenstein
$165k
37.9k
Luxembourg
$117k
614k
Switzerland
$83k
8.21M
Norway
$82k
5.33M
Cayman Islands
$81k
58.4k
Ireland
$79k
4.76M
Iceland
$73k
357k
Qatar
$69k
2.17M
United States
$63k
325M
Denmark
$61k
5.83M
Australia
$57k
23.4M
Sweden
$55k
10.3M
Netherlands
$53k
17.2M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
31.6k
Germany
$48k
83M
Belgium
$48k
11.2M
Canada
$46k
35.7M
United Arab Emirates
$43k
9.35M
United Kingdom
$43k
65.1M
Andorra
$42k
76.2k
New Zealand
$42k
4.89M
Israel
$42k
8.89M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.6M
Bahamas
$32k
377k
Brunei
$32k
418k