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Economy of Kuwait vs Slovenia compared: GDP & Debt

Updated on by Georank

Kuwait has a GDP of $157B compared to $79.6B for Slovenia, ranking 59/197 and 86/197 by economy size, respectively.

Kuwait has $22.9B in government debt (14.6% of GDP), compared to $52.5B (65.9% of GDP) in Slovenia.

Kuwait vs Slovenia GDP by year

Kuwait
Slovenia
1x
Year GDP, current $
Kuwait Slovenia
2025 $157,209,026,926 $79,648,204,979
2024 $160,903,106,639 $72,972,015,197
2023 $165,462,656,227 $69,255,264,238
2022 $183,502,046,694 $59,899,117,741
2021 $148,350,671,489 $61,540,813,362
2020 $111,045,470,606 $53,384,760,135
2019 $140,856,394,861 $53,909,922,736
2018 $138,646,316,351 $53,689,067,640
2017 $120,687,539,806 $48,153,200,135
2016 $109,406,674,125 $44,290,685,824
2015 $114,585,555,689 $42,709,468,275
2014 $162,650,450,685 $49,514,466,380
2013 $174,168,116,535 $47,867,056,859
2012 $174,047,662,680 $46,167,053,954
2011 $154,039,231,246 $51,199,194,599
2010 $115,416,245,242 $47,793,117,241
2009 $105,968,691,905 $49,975,540,955
2008 $147,379,737,230 $55,509,332,322
2007 $114,634,043,362 $47,880,266,543
2006 $101,557,330,723 $39,260,368,837
2005 $80,798,630,137 $35,947,936,824
2004 $59,439,090,601 $34,156,553,313
2003 $47,874,582,232 $29,360,575,032
2002 $38,135,788,414 $23,214,593,516
2001 $34,889,559,870 $20,668,868,707
2000 $37,718,743,480 $20,159,190,702
1999 $30,122,365,849 $22,609,669,084
1998 $25,943,705,784 $22,058,635,314
1997 $30,350,190,704 $20,726,878,752
1996 $31,492,373,309 $21,470,699,363
1995 $27,186,980,647 $21,367,422,159
1994 $24,848,483,838 $16,400,767,070
1993 $23,941,391,391 $14,449,298,372
1992 $19,858,555,215 $14,277,261,541
1991 $11,009,993,703 $14,454,495,059
1990 $18,427,777,778 $19,832,029,087
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 (1962–2025, retrieved 2026-07-08).

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

GDP per capita in Kuwait vs Slovenia by year

Kuwait
GDP per capita

GDP per capita, PPP
Slovenia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Kuwait Slovenia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $32,312 - $37,376 -
2024 $32,856 $52,444 $34,301 $57,186
2023 $34,092 $53,025 $32,660 $56,064
2022 $39,982 $55,043 $28,360 $52,347
2021 $34,019 $50,652 $29,193 $45,914
2020 $25,236 $41,462 $25,392 $41,767
2019 $31,708 $50,703 $25,814 $42,373
2018 $32,068 $51,371 $25,888 $38,620
2017 $29,048 $46,566 $23,303 $36,180
2016 $27,324 $41,862 $21,448 $33,575
2015 $29,882 $45,267 $20,697 $31,336
2014 $44,369 $68,337 $24,013 $30,572
2013 $49,651 $76,813 $23,237 $29,634
2012 $52,155 $82,090 $22,442 $28,787
2011 $49,170 $79,037 $24,941 $28,716
2010 $39,212 $75,184 $23,330 $27,579
2009 $37,907 $80,110 $24,502 $27,229
2008 $55,585 $90,337 $27,462 $29,461
2007 $45,709 $91,435 $23,725 $27,468
2006 $42,947 $89,075 $19,563 $25,571
2005 $36,123 $84,968 $17,970 $23,682
2004 $27,552 $77,227 $17,104 $22,588
2003 $22,691 $69,752 $14,712 $20,916
2002 $18,513 $59,713 $11,639 $20,004
2001 $17,374 $58,553 $10,376 $18,763
2000 $19,296 $58,703 $10,136 $17,892
1999 $15,854 $56,406 $11,401 $17,007
1998 $14,067 $58,344 $11,132 $15,994
1997 $16,977 $57,420 $10,437 $15,257
1996 $18,201 $56,913 $10,797 $14,284
1995 $16,168 $57,163 $10,738 $13,637
1994 $14,930 $53,946 $8,244 $13,975
1993 $14,318 $48,482 $7,255 $12,976
1992 $12,146 $36,149 $7,151 $12,296
1991 $8,147 $23,390 $7,229 $12,698
1990 $10,938 $30,763 $9,925 $13,491
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 (1962–2025, retrieved 2026-07-08).

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

Kuwait's GDP per capita is $32,312, ranking 41/197, compared to $37,376 in Slovenia, ranking 32/197. Adjusted for purchasing power (GDP per capita PPP), Kuwait ranks 40th at $52,444, while Slovenia ranks 37th at $57,186.

Economic indicators

Kuwait Slovenia
Gross domestic product
$157B
2025
$79.6B
2025
GDP rank
59/197
2025
86/197
2025
GDP growth
2.73%
2024-2025
1.06%
2024-2025
GDP per capita
$32,312
2025
$37,376
2025
GDP per capita rank
41/197
2025
32/197
2025
GDP per capita, PPP
$52,444
2024
$57,186
2024
GDP per capita PPP rank
40/197
2024
37/197
2024
Government debt
$22.9B
2025
$52.5B
2025
Debt-to-GDP ratio
14.6%
2025
65.9%
2025
Government debt per person
$4,714
2025
$24,627
2025
Government debt per person rank
87/185
2025
29/185
2025
Average annual personal income after taxes
$24,940
2026
$22,481
2026
Market capitalization of domestic companies
$172B
2025
$20.7B
2025
Income share by richest 10% n/a
20.6%
2023
Income share by poorest 10% n/a
4.1%
2023
Government expenditure, % of GDP
50.1%
2025
48.5%
2025
Consumer prices inflation
2.36%
2024-2025
2.37%
2024-2025
Central bank interest rate
3.5%
2025
n/a
Unemployment rate
2.16%
2016
3.9%
2025
Population
4981316
2128778

Spending and national debt comparison by year

Kuwait
Spending

Debt
Slovenia
Spending

Debt
1x
Year % of GDP
Kuwait Slovenia
Government spending Government debt Government spending Government debt
2025 50.1% 14.6% 48.5% 65.9%
2024 48% 2.91% 46.5% 66.6%
2023 48.3% 3.13% 46.5% 68.3%
2022 39.6% 2.95% 47.7% 72.8%
2021 48.3% 7.2% 49.9% 74.8%
2020 62.9% 10.2% 51.8% 80.2%
2019 50.2% 10.5% 43.8% 66%
2018 51% 14.3% 44.1% 71%
2017 51.9% 19.6% 44.6% 74.9%
2016 54% 9.88% 46.9% 79.4%
2015 55.3% 4.6% 49.5% 83.4%
2014 45% 3.43% 50.6% 81.1%
2013 38.4% 3.09% 57.7% 70.8%
2012 38.1% 3.6% 50% 54.1%
2011 39.6% 4.64% 51.4% 46.8%
2010 45.4% 6.16% 50.7% 38.6%
2009 42.8% 6.65% 50% 34.9%
2008 40.8% 5.38% 45.2% 21.9%
2007 30.4% 7.05% 43.5% 22.9%
2006 32.2% 7.79% 45.7% 26.2%
2005 28.7% 10.2% 46.7% 26.6%
2004 35.2% 13.9% 46.9% 27.1%
2003 38% 17.2% 47.6% 27%
2002 42.5% 21.3% 47.8% 27.7%
2001 41.2% 23% 49.2% 26.3%
2000 29.7% 21.4% 47.8% 26.1%
1999 44.3% 25.5% 47.2% 23.8%
1998 51.4% 25.6% 46.4% 22.8%
1997 43.5% 24.3% 45.4% 22.1%
1996 42.5% 26.5% 45.2% 21.6%
1995 51.7% 34.9% 53% 18.2%
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/slovenia | CC BY

In 2025, Kuwait's government spending was $78.8B, accounting for 50.1% of its GDP, while Slovenia spent $38.6B, or 48.5% of GDP.

Debt-to-GDP ratio is 14.6% in Kuwait and 65.9% in Slovenia, ranking 177/185 and 65/185, respectively.

Government deficit by year

Deficit/surplus
Kuwait

Slovenia
1x
Year Deficit/surplus, % of GDP
Kuwait Slovenia
2025 28.4% -2.35%
2024 26% -0.94%
2023 28.2% -2.58%
2022 30% -3.01%
2021 9.99% -4.61%
2020 0.16% -7.68%
2019 13% 0.68%
2018 17.6% 0.9%
2017 15.3% 0.05%
2016 12.8% -2%
2015 16.3% -2.84%
2014 29.8% -4.53%
2013 40.4% -11.2%
2012 40.5% -4.2%
2011 38.6% -6.69%
2010 31.7% -5.56%
2009 31.1% -5.87%
2008 21.2% -1.44%
2007 36.9% -0.08%
2006 27.8% -1.26%
2005 38.8% -1.38%
2004 32.3% -1.98%
2003 27% -2.66%
2002 30.9% -2.47%
2001 44.9% -4.58%
2000 52.3% -3.77%
1999 28% -3.04%
1998 19.4% -2.39%
1997 29.4% -2.37%
1996 24.2% -1.16%
1995 11.7% -8.19%
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/slovenia | 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 Slovenia's deficit of $1.87B, or 2.35% of GDP.

Over the past 31 years, Kuwait recorded a fiscal deficit in 0 of those years, while Slovenia ran a deficit in 28 years. On average, Kuwait posted an annual surplus equal to 26.9% of GDP, compared to deficit of 3.2% of GDP for Slovenia.

Inflation comparison by year

Inflation
Kuwait

Slovenia
1x
Year Consumer prices inflation
Kuwait Slovenia
2025 2.36% 2.37%
2024 2.9% 1.97%
2023 3.64% 7.45%
2022 3.98% 8.83%
2021 3.42% 1.92%
2020 2.1% -0.05%
2019 1.09% 1.63%
2018 0.54% 1.74%
2017 2.17% 1.43%
2016 3.2% -0.05%
2015 3.27% -0.53%
2014 2.91% 0.2%
2013 2.68% 1.77%
2012 3.26% 2.6%
2011 4.84% 1.8%
2010 4.5% 1.8%
2009 4.61% 0.84%
2008 10.6% 5.65%
2007 5.48% 3.66%
2006 3.06% 2.46%
2005 4.14% 2.45%
2004 1.25% 3.59%
2003 0.96% 5.54%
2002 0.89% 7.48%
2001 1.3% 8.38%
2000 1.81% 8.91%
1999 2.99% 6.16%
1998 0.13% 7.89%
1997 0.68% 8.36%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Kuwait has recorded an average annual inflation rate of 2.92%, compared with 3.66% in Slovenia. In 2025, inflation was 2.36% in Kuwait and 2.37% in Slovenia.

Top exports between countries

Kuwait
Export category Export value
Chemicals & pharma $9.97M
Metals $1.64M
Machinery & equipment $1.47M
Animal & marine products $195K
Raw materials & minerals $37K
Miscellaneous $3K
Textiles & consumer goods $1K
Slovenia
Export category Export value
Chemicals & pharma $20.4M
Wood & paper products $8.29M
Machinery & equipment $2.3M
Raw materials & minerals $1.94M
Metals $735K
Textiles & consumer goods $483K
Processed food, beverages & tobacco $171K
Raw agricultural goods $49K
Weapons & explosives $23K
Miscellaneous $2K

Balance of trade

Kuwait Slovenia
Current account balance
$35.7B
2025
$2.83B
2025
Current account balance ranking
16/190
2025
39/190
2025
Current account balance, % of GDP
+22.7%
2025
+3.55%
2025
Goods imports
$37.5B
2025
$47.9B
2025
Goods exports
$70.7B
2025
$47.7B
2025
Service imports
$29.6B
2025
$10.8B
2025
Service exports
$12.7B
2025
$15.3B
2025
Imports of goods and services, % of GDP
38.2%
2024
73.3%
2025
Exports of goods and services, % of GDP
55.8%
2024
78.6%
2025

Economic freedom indices

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

Kuwait Slovenia
Economic freedom 59.9 69.7
Economic freedom ranking 100/197 40/197
Property rights 42 87.6
Government integrity 47.9 66.1
Judicial effectiveness 43.4 91.6
Tax burden 97.7 55.5
Government spending 36.2 34.1
Fiscal health 99.9 83.5
Business freedom 57.4 78.7
Labor freedom 49.2 62.7
Monetary freedom 68.7 77.5
Trade freedom 75.8 79.4
Investment freedom 50 70
Financial freedom 50 50

Economic freedom comparison by year

Kuwait
Slovenia
1x
Year Economic freedom index
Kuwait Slovenia
2026 59.9 69.7
2025 59.9 68.3
2024 58.5 65.9
2023 56.7 68.5
2022 58.3 70.5
2021 64.1 68.3
2020 63.2 67.8
2019 60.8 65.5
2018 62.2 64.8
2017 65.1 59.2
2016 62.7 60.6
2015 62.5 60.3
2014 62.3 62.7
2013 63.1 61.7
2012 62.5 62.9
2011 64.9 64.6
2010 67.7 64.7
2009 65.6 62.9
2008 68.1 60.2
2007 66.4 59.6
2006 66.5 61.9
2005 64.6 59.6
2004 63.6 59.2
2003 66.7 57.7
2002 65.4 57.8
2001 68.2 61.8
2000 69.7 58.3
1999 69.5 61.3
1998 66.3 60.7
1997 64.8 55.6
1996 66.1 50.4

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Kuwait is 59.9, ranking 100/197, compared to 69.7 for Slovenia, ranking 40/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Kuwait Slovenia
Services, % of GDP
59.6%
2025
58.6%
2025
Industry, % of GDP
54.1%
2025
28.3%
2025
Agriculture, forestry, and fishing, % of GDP
0.53%
2025
1.63%
2025
GNI, Atlas method
$201B
2024
$75.7B
2025
GNI per capita, PPP
$64,040
2024
$58,880
2025
Total reserves including gold
$51.7B
2025
$3.55B
2025
Total reserves ranking
47/177
2025
115/177
2025
Net foreign direct investment
$2.58B
2025
-$738M
2025
Net inflows of foreign direct investment
$615M
2024
$1.87B
2024
Net outflows of foreign direct investment
$10.3B
2024
$1.46B
2024
Poverty at national poverty lines n/a
12.7%
2022
Gross capital formation, % of GDP
15.1%
2024
22%
2025

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/slovenia | 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. The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-07-08)
  4. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. TradeMap (2021–2025, 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.