Kuwait vs Turkey: Economic Indicators Comparison

Turkey with a GDP of $771.4B ranked the 19th largest economy in the world, while Kuwait ranked 58th with $140.6B. By GDP 5-years average growth and GDP per capita, Turkey and Kuwait ranked 36th vs 163rd and 78th vs 30th, respectively.

Gross Domestic Product & Income

StatKuwaitTurkey
GDP$140.6B$771.4B
GDP growth, 1 year1.7%2.6%
GDP growth, 5-years average0.5%4.9%
Population4.6M82M
GDP per capita$34k$9.4k
GDP per capita growth-0.74%1.31%
Purchasing Power Parity conversion factor0.141.61
Price level ratio of PPP conversion factor GDP to market exchange rate0.470.33
GDP per capita, PPP adjusted$67k$28k
GNI, Atlas method$141.9B$858.1B
GNI per capita$34k$10k
GNI, PPP adjusted$348.6B$2.3T
GNI per capita, PPP adjusted$84k$28k

Financial system and Human development

StatKuwaitTurkey
Income Tax Rate0%35%
Corporate Tax Rate15%22%
Inflation, consumer prices0.7%16.3%
Inflation, GDP deflator14.6%16.4%
Unemployment2.1%10.9%
Economic Freedom Index63.264.4
Personal Freedom Index6.246.97
Human Freedom Index6.66.96
Property Rights Index57.157.4
Judical Effectiveness Index4753.7
Business Freedom Index61.367
Fiscal Health Index99.686.1
Labor Freedom Index62.249.2
Investment Freedom Index5570
Financial Freedom Index6060
Trade Freedom Index76.478
Monetary Freedom Index73.266.1
Government Spending Index22.464.1
Tax Burden Index97.776.7
Government Integrity Index4644.6
Corruption Perceptions Index4141
Life expectancy at birth, years75.377.2
Suicide mortality rate, per 100,000 people2.37.3
Mortality caused by road traffic injury, per 100,000 people17.612.3
Intentional homicides, per 100,000 people1.84.3
International tourism, number of arrivals8.5M45.8M

Government debt & reserves

StatKuwaitTurkey
Central government debt, % of GDP14.8%29.1%
External debt stocks, % of GNIN/A59%
External debt stocksN/A$445.1B
Short-term debt, % of total reservesN/A124.1%
Total debt service, % of exports and primary incomeN/A36.7%
Adjusted net savings including particulate emission damage, % of GNI14.6%11.4%
Gross savings, % of GDP43.2%27.1%
Gross capital formation, % of GDP25.2%29.6%
Total reserves including gold$40.3B$93B
Foreign direct investment net inflows-$21.4M$13.1B

Exports, imports and economic structure

StatKuwaitTurkey
Exports of goods and services, % of GDP56.7%29.5%
Imports of goods and services, % of GDP43.8%30.6%
Current account balance (balance of payments)$24B-$27B
Revenue excluding grants, % of GDP38.6%30.7%
Grants excluding technical cooperation, BoP$1.6M$1.3B
Personal remittances received$27.7M$1.1B
Industry including construction value added, % of GDP59.6%29.5%
Agriculture, forestry and fishing value added, % of GDP0.4%5.8%
Charges for the use of intellectual property, payments BoPN/A$726M
Charges for the use of intellectual property, receipts BoPN/A$29M
Expense, % of GDP52%33.9%
Government Expenditure, % of GDP50.9%34.6%

Compare with countries close by GDP per capita

Kuwait vs

CountryGDP
per capita
Population
Netherlands
$53k
17.3M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
33.4k
Germany
$48k
83.1M
Belgium
$48k
11.4M
Canada
$46k
37.9M
United Arab Emirates
$43k
9.4M
United Kingdom
$43k
66M
Andorra
$42k
76.2k
New Zealand
$42k
4.94M
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Bahamas
$32k
395k
Brunei
$32k
429k
South Korea
$31k
51.5M
Spain
$30k
46.7M
Malta
$30k
465k
Cyprus
$28k
1.14M
Slovenia
$26k
2.07M
Taiwan
$25k
23.6M
Bahrain
$24k
1.49M
Portugal
$23k
10.6M
Saudi Arabia
$23k
33M
Estonia
$23k
1.32M
Czech Republic
$23k
10.7M
Vatican City
$21k
1k
Greece
$20k
10.8M

Turkey vs

CountryGDP
per capita
Population
Croatia
$15k
4.11M
Romania
$12k
19.6M
Costa Rica
$12k
4.91M
Argentina
$12k
44.9M
Malaysia
$11k
31.6M
Russia
$11k
147M
Mauritius
$11k
1.26M
Grenada
$11k
108k
Saint Lucia
$11k
179k
Maldives
$10k
436k
Equatorial Guinea
$10k
1.27M
Nauru
$9.9k
13.7k
Kazakhstan
$9.8k
18.3M
China
$9.8k
1.41B
Mexico
$9.7k
131M
Bulgaria
$9.3k
7M
Brazil
$8.9k
210M
Montenegro
$8.8k
622k
Cuba
$8.8k
11.5M
Lebanon
$8.3k
6.1M
Botswana
$8.3k
2.29M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
2.03M
Dominica
$7.7k
73.9k
Saint Vincent
$7.4k
110k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
6.68M
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M