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

StatKuwaitTuvalu
GDP$140.6B$42.6M
GDP growth, 1 year1.7%2.5%
GDP growth, 5-years average0.5%N/A
Population4.6M11k
GDP per capita$34k$3.7k
GDP per capita growth-0.74%1.27%
Purchasing Power Parity conversion factor0.141.22
Price level ratio of PPP conversion factor GDP to market exchange rate0.470.91
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

StatKuwaitTuvalu
Income Tax Rate0%N/A
Corporate Tax Rate15%N/A
Inflation, consumer prices0.7%N/A
Inflation, GDP deflator14.6%4.9%
Unemployment2.1%8.5%
Economic Freedom Index63.260
Personal Freedom Index6.246.2
Human Freedom Index6.66.1
Property Rights Index57.1N/A
Judical Effectiveness Index47N/A
Business Freedom Index61.3N/A
Fiscal Health Index99.6N/A
Labor Freedom Index62.2N/A
Investment Freedom Index55N/A
Financial Freedom Index60N/A
Trade Freedom Index76.4N/A
Monetary Freedom Index73.2N/A
Government Spending Index22.4N/A
Tax Burden Index97.7N/A
Government Integrity Index46N/A
Corruption Perceptions Index4148
Life expectancy at birth, years75.366
Suicide mortality rate, per 100,000 people2.31
Mortality caused by road traffic injury, per 100,000 people17.60.2
Intentional homicides, per 100,000 people1.818.7
International tourism, number of arrivals8.5M2.7k

Government debt & reserves

StatKuwaitTuvalu
Central government debt, % of GDP14.8%N/A
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%N/A
Gross savings, % of GDP43.2%N/A
Gross capital formation, % of GDP25.2%N/A
Total reserves including gold$40.3BN/A
Foreign direct investment net inflows-$21.4M$299k

Exports, imports and economic structure

StatKuwaitTuvalu
Exports of goods and services, % of GDP56.7%N/A
Imports of goods and services, % of GDP43.8%N/A
Current account balance (balance of payments)$24B$6.8M
Revenue excluding grants, % of GDP38.6%N/A
Grants excluding technical cooperation, BoP$1.6M$9.6M
Personal remittances received$27.7M$4M
Industry including construction value added, % of GDP59.6%7.3%
Agriculture, forestry and fishing value added, % of GDP0.4%16.5%
Charges for the use of intellectual property, payments BoPN/AN/A
Charges for the use of intellectual property, receipts BoPN/A$14k
Expense, % of GDP52%N/A
Government Expenditure, % of GDP50.9%N/A

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

Tuvalu vs

CountryGDP
per capita
Population
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
196k
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M
Algeria
$4.1k
41.3M
Sri Lanka
$4.1k
21.4M
El Salvador
$4.1k
6.42M
Indonesia
$3.9k
264M
Marshall Islands
$3.8k
53.1k
Cape Verde
$3.6k
546k
Bolivia
$3.5k
11.1M
Tunisia
$3.4k
11.6M
Angola
$3.4k
29.8M
Bhutan
$3.2k
808k
Morocco
$3.2k
36M
Moldova
$3.2k
2.55M
Palestine
$3.2k
4.68M
Vanuatu
$3.1k
276k
Philippines
$3.1k
105M
Ukraine
$3.1k
42.6M
Djibouti
$3.1k
957k
Papua New Guinea
$2.7k
8.25M
Vietnam
$2.6k
94.7M
Egypt
$2.5k
94.8M