Kuwait vs Tuvalu: Economic Indicators Comparison

Kuwait with a GDP of $140.6B ranked the 58th largest economy in the world, while Tuvalu ranked 196th with $42.6M. By GDP per capita, Kuwait and Tuvalu ranked 30th vs 124th, respectively.

Gross Domestic Product & Income

Stat	Kuwait	Tuvalu
GDP	$140.6B	$42.6M
GDP growth, 1 year	1.7%	2.5%
GDP growth, 5-years average	0.5%	N/A
Population	4.6M	11k
GDP per capita	$34k	$3.7k
GDP per capita growth	-0.74%	1.27%
Purchasing Power Parity conversion factor	0.14	1.22
Price level ratio of PPP conversion factor GDP to market exchange rate	0.47	0.91
GDP per capita, PPP adjusted	$67k	$4k
GNI, Atlas method	$141.9B	$62.5M
GNI per capita	$34k	$5.4k
GNI, PPP adjusted	$348.6B	$70.2M
GNI per capita, PPP adjusted	$84k	$6.1k

Financial system and Human development

Stat	Kuwait	Tuvalu
Income Tax Rate	0%	N/A
Corporate Tax Rate	15%	N/A
Inflation, consumer prices	0.7%	N/A
Inflation, GDP deflator	14.6%	4.9%
Unemployment	2.1%	8.5%
Economic Freedom Index	63.2	60
Personal Freedom Index	6.24	6.2
Human Freedom Index	6.6	6.1
Property Rights Index	57.1	N/A
Judical Effectiveness Index	47	N/A
Business Freedom Index	61.3	N/A
Fiscal Health Index	99.6	N/A
Labor Freedom Index	62.2	N/A
Investment Freedom Index	55	N/A
Financial Freedom Index	60	N/A
Trade Freedom Index	76.4	N/A
Monetary Freedom Index	73.2	N/A
Government Spending Index	22.4	N/A
Tax Burden Index	97.7	N/A
Government Integrity Index	46	N/A
Corruption Perceptions Index	41	48
Life expectancy at birth, years	75.3	66
Suicide mortality rate, per 100,000 people	2.3	1
Mortality caused by road traffic injury, per 100,000 people	17.6	0.2
Intentional homicides, per 100,000 people	1.8	18.7
International tourism, number of arrivals	8.5M	2.7k

Government debt & reserves

Stat	Kuwait	Tuvalu
Central government debt, % of GDP	14.8%	N/A
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%	N/A
Gross savings, % of GDP	43.2%	N/A
Gross capital formation, % of GDP	25.2%	N/A
Total reserves including gold	$40.3B	N/A
Foreign direct investment net inflows	-$21.4M	$299k

Exports, imports and economic structure

Stat	Kuwait	Tuvalu
Exports of goods and services, % of GDP	56.7%	N/A
Imports of goods and services, % of GDP	43.8%	N/A
Current account balance (balance of payments)	$24B	$6.8M
Revenue excluding grants, % of GDP	38.6%	N/A
Grants excluding technical cooperation, BoP	$1.6M	$9.6M
Personal remittances received	$27.7M	$4M
Industry including construction value added, % of GDP	59.6%	7.3%
Agriculture, forestry and fishing value added, % of GDP	0.4%	16.5%
Charges for the use of intellectual property, payments BoP	N/A	N/A
Charges for the use of intellectual property, receipts BoP	N/A	$14k
Expense, % of GDP	52%	N/A
Government Expenditure, % of GDP	50.9%	N/A