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Economy of Kuwait vs Solomon Islands compared: GDP & Debt

Updated on by Georank team

Kuwait has a GDP of $160B compared to $1.58B for the Solomon Islands, ranking 59/197 and 182/197 by economy size, respectively.

Kuwait has $4.68B in government debt (2.92% of GDP), compared to $350M (22.1% of GDP) in the Solomon Islands.

Kuwait vs Solomon Islands GDP by year

Kuwait
Solomon Islands
1x
Year GDP, current $
Kuwait Solomon Islands
2024 $160,227,273,053 $1,583,964,704
2023 $165,384,407,116 $1,506,124,566
2022 $183,502,046,694 $1,466,670,930
2021 $148,350,671,489 $1,558,312,104
2020 $111,045,470,606 $1,536,143,428
2019 $140,856,394,861 $1,619,150,564
2018 $138,646,316,351 $1,615,473,250
2017 $120,687,539,806 $1,469,790,526
2016 $109,406,674,125 $1,379,486,291
2015 $114,585,555,689 $1,307,908,814
2014 $162,650,450,685 $1,335,576,763
2013 $174,168,116,535 $1,285,905,958
2012 $174,047,662,680 $1,185,217,634
2011 $154,039,231,246 $1,063,898,227
2010 $115,416,245,242 $898,128,551
2009 $105,968,691,905 $805,557,289
2008 $147,379,737,230 $776,335,523
2007 $114,634,043,362 $695,291,218
2006 $101,557,330,723 $617,257,458
2005 $80,798,630,137 $552,881,357
2004 $59,439,090,601 $468,000,121
2003 $47,874,582,232 $417,666,639
2002 $38,135,788,414 $346,406,739
2001 $34,889,559,870 $409,508,553
2000 $37,718,743,480 $419,842,674
1999 $30,122,365,849 $488,024,514
1998 $25,943,705,784 $457,579,840
1997 $30,350,190,704 $526,554,006
1996 $31,492,373,309 $510,586,430
1995 $27,186,980,647 $469,443,202
1994 $24,848,483,838 $402,837,005
1993 $23,941,391,391 $300,746,361
1992 $19,858,555,215 $269,034,596
1991 $11,009,993,703 $227,540,473
1990 $18,427,777,778 $214,877,667
1989 $24,313,855,653 $172,882,411
1988 $20,690,322,153 $176,494,394
1987 $22,368,704,134 $155,128,542
1986 $17,903,989,745 $147,620,048
1985 $21,445,970,614 $165,524,943
1984 $21,700,082,753 $181,570,474
1983 $20,871,081,080 $181,220,399
1982 $21,577,153,356 $192,902,019
1981 $25,058,020,338 $193,750,541
1980 $28,638,868,356 $182,852,107
1979 $24,749,063,922 $151,276,496
1978 $15,503,557,496 $111,027,427
1977 $14,137,406,741 $93,145,283
1976 $13,132,252,802 $83,100,834
1975 $12,022,811,621 $74,620,320
1974 $13,006,948,296 $84,539,332
1973 $5,408,804,607 $55,272,109
1972 $4,450,537,925 $40,606,712
1971 $3,880,392,195 $50,056,883
1970 $2,873,638,851 -
1969 $2,769,198,892 $28,606,411
1968 $2,662,798,935 $28,084,253
1967 $2,441,599,023 $25,203,524
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/solomon-islands | CC BY

GDP per capita in Kuwait vs Solomon Islands by year

Kuwait
GDP per capita

GDP per capita, PPP
Solomon Islands
GDP per capita

GDP per capita, PPP
1x
Year Current $
Kuwait Solomon Islands
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $32,718 $52,444 $1,934 $2,675
2023 $34,076 $53,025 $1,883 $2,597
2022 $39,982 $55,043 $1,878 $2,496
2021 $34,019 $50,652 $2,043 $2,450
2020 $25,236 $41,462 $2,063 $2,405
2019 $31,708 $50,703 $2,224 $2,512
2018 $32,068 $51,371 $2,278 $2,494
2017 $29,048 $46,566 $2,144 $2,454
2016 $27,324 $41,862 $2,083 $2,421
2015 $29,882 $45,267 $2,045 $2,354
2014 $44,369 $68,337 $2,165 $2,377
2013 $49,651 $76,813 $2,161 $2,394
2012 $52,155 $82,090 $2,066 $2,320
2011 $49,170 $79,037 $1,924 $2,306
2010 $39,212 $75,184 $1,685 $2,182
2009 $37,907 $80,110 $1,555 $2,021
2008 $55,585 $90,337 $1,526 $1,989
2007 $45,709 $91,435 $1,390 $1,869
2006 $42,947 $89,075 $1,256 $1,786
2005 $36,123 $84,968 $1,144 $1,693
2004 $27,552 $77,227 $986 $1,556
2003 $22,691 $69,752 $896 $1,433
2002 $18,513 $59,713 $757 $1,344
2001 $17,374 $58,553 $912 $1,387
2000 $19,296 $58,703 $953 $1,503
1999 $15,854 $56,406 $1,134 $1,754
1998 $14,067 $58,344 $1,092 $1,785
1997 $16,977 $57,420 $1,292 $1,793
1996 $18,201 $56,913 $1,289 $1,830
1995 $16,168 $57,163 $1,220 $1,820
1994 $14,930 $53,946 $1,078 $1,668
1993 $14,318 $48,482 $829 $1,556
1992 $12,146 $36,149 $764 $1,505
1991 $8,147 $23,390 $666 $1,346
1990 $10,938 $30,763 $648 $1,266
1989 $10,965 - $538 -
1988 $9,692 - $567 -
1987 $10,896 - $515 -
1986 $9,077 - $506 -
1985 $11,322 - $586 -
1984 $11,919 - $665 -
1983 $11,965 - $686 -
1982 $12,979 - $756 -
1981 $15,825 - $786 -
1980 $19,032 - $768 -
1979 $17,386 - $658 -
1978 $11,567 - $500 -
1977 $11,238 - $434 -
1976 $11,141 - $401 -
1975 $10,882 - $372 -
1974 $12,527 - $433 -
1973 $5,532 - $291.3 -
1972 $4,836 - $219.5 -
1971 $4,486 - $277.1 -
1970 $3,552 - - -
1969 $3,695 - $165.9 -
1968 $3,872 - $166.9 -
1967 $3,887 - $153.5 -
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/solomon-islands | CC BY

Kuwait's GDP per capita is $32,718, ranking 37/197, compared to $1,934 in the Solomon Islands, ranking 157/197. Adjusted for purchasing power (GDP per capita PPP), Kuwait ranks 40th at $52,444, while the Solomon Islands ranks 183rd at $2,675.

Economic indicators

Kuwait Solomon Islands
Gross domestic product
$160B
2024
$1.58B
2024
GDP rank
59/197
2024
182/197
2024
GDP growth
-2.56%
2023-2024
3%
2023-2024
GDP per capita
$32,718
2024
$1,934
2024
GDP per capita rank
37/197
2024
157/197
2024
GDP per capita, PPP
$52,444
2024
$2,675
2024
GDP per capita PPP rank
40/197
2024
183/197
2024
Government debt
$4.68B
2024
$350M
2024
Debt-to-GDP ratio
2.92%
2024
22.1%
2024
Government debt per person
$956
2024
$427
2024
Government debt per person rank
143/185
2024
169/185
2024
Average annual personal income after taxes
$23,828
2026
$1,776
2026
Market capitalization of domestic companies
$141B
2024
n/a
Income share by richest 10% n/a
29.2%
2012
Income share by poorest 10% n/a
2.8%
2012
Government expenditure, % of GDP
50.4%
2024
35.8%
2024
Consumer prices inflation
2.9%
2023-2024
4.32%
2023-2024
Central bank interest rate
3.5%
2025
n/a
Unemployment rate
2.16%
2016
0.69%
2013
Population
5100145
863951

Spending and national debt comparison by year

Kuwait
Spending

Debt
Solomon Islands
Spending

Debt
1x
Year % of GDP
Kuwait Solomon Islands
Government spending Government debt Government spending Government debt
2024 50.4% 2.92% 35.8% 22.1%
2023 48.3% 3.13% 40.1% 20.3%
2022 39.6% 2.95% 40.8% 15.5%
2021 48.3% 7.2% 37.8% 15.9%
2020 62.9% 10.2% 40.4% 12.8%
2019 50.3% 10.5% 35.6% 7.82%
2018 51.1% 14.3% 34.8% 7.95%
2017 51.9% 19.6% 40.4% 8.77%
2016 54.1% 9.88% 39.6% 7.54%
2015 55.4% 4.6% 41.5% 7.88%
2014 45% 3.43% 39.8% 10.1%
2013 38.4% 3.09% 41.8% 11.6%
2012 38.2% 3.6% 29.4% 13.3%
2011 39.7% 4.64% 27% 18.3%
2010 45.5% 6.16% 23.9% 22.9%
2009 42.9% 6.65% 24.8% 18.9%
2008 40.9% 5.38% 27% 28.9%
2007 30.4% 7.05% 23.7% 33%
2006 32.3% 7.79% 19.9% 42.3%
2005 28.8% 10.2% 17% 44.7%
2004 35.3% 13.9% 14.7% 58.2%
2003 38.2% 17.2% 14.9% 61.3%
2002 42.8% 21.3% 16.7% 65.7%
2001 41.4% 23% 18.1% 52.8%
2000 29.9% 21.4% 18.7% 44.3%
1999 44.5% 25.5% 18.7% 42%
1998 51.7% 25.6% 15.5% 39.5%
1997 43.8% 24.3% 19.3% 25.9%
1996 42.8% 26.5% 24.2% -
1995 52% 34.9% 24.7% -
1994 57.8% 37.7% 30.2% -
1993 58.2% 28.8% 33.2% -
1992 77.6% 27.9% 35.1% -
1991 208.9% 45.3% 39.4% -
1990 122.9% - 30% -

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

GeoRank.org/economy/kuwait/solomon-islands | CC BY

In 2024, Kuwait's government spending was $80.8B, accounting for 50.4% of its GDP, while the Solomon Islands spent $567M, or 35.8% of GDP.

Debt-to-GDP ratio is 2.92% in Kuwait and 22.1% in the Solomon Islands, ranking 184/185 and 173/185, respectively.

Government deficit by year

Deficit/surplus
Kuwait

Solomon Islands
1x
Year Deficit/surplus, % of GDP
Kuwait Solomon Islands
2024 23.8% -3.08%
2023 28.2% -3.81%
2022 30% -2.51%
2021 9.98% -1.86%
2020 0.14% -2.44%
2019 13% -1.52%
2018 17.5% 1.49%
2017 15.3% -2.27%
2016 13.1% -3.56%
2015 16.6% 0.81%
2014 30% 2.13%
2013 40.6% 3.57%
2012 40.7% 4.63%
2011 38.8% 6.22%
2010 31.9% 6.02%
2009 31.3% 2.35%
2008 21.3% 1.94%
2007 37.1% 15.3%
2006 28% 13%
2005 38.9% 13.4%
2004 32.5% 17%
2003 27.2% 10.6%
2002 31% -4.35%
2001 45.2% -2.4%
2000 52.5% -2.93%
1999 28.2% -0.32%
1998 19.5% 5.04%
1997 29.5% 2.14%
1996 24.3% 3.73%
1995 11.7% 3.19%
1994 1.76% 4.33%
1993 -3.12% 2.45%
1992 -28.1% 4.13%
1991 -145% 0.14%
1990 -50% 0.58%

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

GeoRank.org/economy/kuwait/solomon-islands | 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 the Solomon Islands' deficit of $48.8M, or 3.08% of GDP.

Over the past 35 years, Kuwait recorded a fiscal deficit in 4 of those years, while the Solomon Islands ran a deficit in 12 years. On average, Kuwait posted an annual surplus equal to 16.7% of GDP, compared to surplus of 2.66% of GDP for the Solomon Islands.

Inflation comparison by year

Inflation
Kuwait

Solomon Islands
1x
Year Consumer prices inflation
Kuwait Solomon Islands
2024 2.9% 4.32%
2023 3.64% 5.89%
2022 3.98% 5.52%
2021 3.42% -0.12%
2020 2.1% 2.96%
2019 1.09% 1.63%
2018 0.54% 3.46%
2017 2.17% 0.49%
2016 3.2% 0.51%
2015 3.27% -0.57%
2014 2.91% 5.17%
2013 2.68% 5.39%
2012 3.26% 5.91%
2011 4.84% 7.34%
2010 4.5% 1.05%
2009 4.61% 7.09%
2008 10.6% 17.3%
2007 5.48% 7.67%
2006 3.06% 11.2%
2005 4.14% 7.33%
2004 1.25% 6.99%
2003 0.96% 8.27%
2002 0.89% 10.9%
2001 1.3% 6.93%
2000 1.81% 7.89%
1999 2.99% 8.02%
1998 0.13% 12.4%
1997 0.68% 8.08%

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

GeoRank.org/economy/kuwait/solomon-islands | CC BY

Over the past 28 years, Kuwait has recorded an average annual inflation rate of 2.94%, compared with 6.04% in the Solomon Islands. In 2024, inflation was 2.9% in Kuwait and 4.32% in the Solomon Islands.

Top exports between countries

Kuwait
Export category Export value
Solomon Islands
Export category Export value
Animal & marine products $1K

Balance of trade

Kuwait Solomon Islands
Current account balance
$46.7B
2024
-$66.2M
2024
Current account balance ranking
15/190
2024
87/190
2024
Current account balance, % of GDP
+29.1%
2024
-4.18%
2024
Goods imports
$33.4B
2024
$609M
2024
Goods exports
$77.5B
2024
$510M
2024
Service imports
$28.1B
2024
$248M
2024
Service exports
$12.2B
2024
$133M
2024
Imports of goods and services, % of GDP
38.3%
2023
70.8%
2024
Exports of goods and services, % of GDP
57.7%
2023
40.6%
2024

Economic freedom indices

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

Kuwait Solomon Islands
Economic freedom 59.9 53.7
Economic freedom ranking 100/197 137/197
Property rights 42 55.8
Government integrity 47.9 42.7
Judicial effectiveness 43.4 59.1
Tax burden 97.7 71.3
Government spending 36.2 54.6
Fiscal health 99.9 83.3
Business freedom 57.4 52.3
Labor freedom 49.2 60.4
Monetary freedom 68.7 76.5
Trade freedom 75.8 43.6
Investment freedom 50 15
Financial freedom 50 30

Economic freedom comparison by year

Kuwait
Solomon Islands
1x
Year Economic freedom index
Kuwait Solomon Islands
2026 59.9 53.7
2025 59.9 56.3
2024 58.5 55
2023 56.7 56.9
2022 58.3 56.5
2021 64.1 56.5
2020 63.2 52.9
2019 60.8 54.6
2018 62.2 57.5
2017 65.1 55
2016 62.7 47
2015 62.5 47
2014 62.3 46.2
2013 63.1 45
2012 62.5 46.2
2011 64.9 45.9
2010 67.7 42.9
2009 65.6 46
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/solomon-islands | CC BY

The Economic Freedom Index for Kuwait is 59.9, ranking 100/197, compared to 53.7 for the Solomon Islands, ranking 137/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Kuwait Solomon Islands
Services, % of GDP
55.9%
2024
46.9%
2024
Industry, % of GDP
57.1%
2024
23.4%
2024
Agriculture, forestry, and fishing, % of GDP
0.49%
2024
29.7%
2024
GNI, Atlas method
$200B
2024
$1.57B
2024
GNI per capita, PPP
$63,270
2024
$2,680
2024
Total reserves including gold
$50.7B
2024
$688M
2023
Total reserves ranking
41/177
2024
149/177
2023
Net foreign direct investment
$9.71B
2024
$19.9M
2024
Net inflows of foreign direct investment
$615M
2024
$33M
2024
Net outflows of foreign direct investment
$10.3B
2024
$52.9M
2024
Servicing debt to the IMF, % of GNI n/a
1.64%
2024
Poverty at national poverty lines n/a
12.7%
2012
Gross capital formation, % of GDP
17.7%
2023
19.5%
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/solomon-islands | 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. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  6. LivingCost (2026, retrieved 2025-10-14)
  7. TradeMap (2018, retrieved 2026-02-08)

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.

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.