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Economy of Kuwait vs United Arab Emirates compared: GDP & Debt

Updated on by Georank

Kuwait has a GDP of $157B compared to $552B for the United Arab Emirates, ranking 59/197 and 31/197 by economy size, respectively.

Kuwait has $22.9B in government debt (14.6% of GDP), compared to $193B (34.3% of GDP) in the United Arab Emirates.

Kuwait vs United Arab Emirates GDP by year

Kuwait
United Arab Emirates
1x
Year GDP, current $
Kuwait UAE
2025 $157,209,026,926 -
2024 $160,903,106,639 $552,324,919,096
2023 $165,462,656,227 $522,622,268,401
2022 $183,502,046,694 $511,403,404,642
2021 $148,350,671,489 $422,441,282,436
2020 $111,045,470,606 $357,161,776,271
2019 $140,856,394,861 $433,926,218,686
2018 $138,646,316,351 $440,560,003,161
2017 $120,687,539,806 $403,365,056,079
2016 $109,406,674,125 $381,717,208,621
2015 $114,585,555,689 $381,973,135,513
2014 $162,650,450,685 $424,935,834,104
2013 $174,168,116,535 $409,632,574,703
2012 $174,047,662,680 $392,793,559,051
2011 $154,039,231,246 $368,881,033,963
2010 $115,416,245,242 $307,736,348,527
2009 $105,968,691,905 $253,547,358,747
2008 $147,379,737,230 $315,474,615,741
2007 $114,634,043,362 $257,916,148,767
2006 $101,557,330,723 $222,116,532,963
2005 $80,798,630,137 $180,617,467,954
2004 $59,439,090,601 $147,824,249,958
2003 $47,874,582,232 $124,346,476,180
2002 $38,135,788,414 $109,816,091,079
2001 $34,889,559,870 $103,311,631,797
2000 $37,718,743,480 $104,337,463,730
1999 $30,122,365,849 $84,445,399,335
1998 $25,943,705,784 $75,674,384,205
1997 $30,350,190,704 $78,838,886,862
1996 $31,492,373,309 $73,571,217,377
1995 $27,186,980,647 $65,743,604,966
1994 $24,848,483,838 $59,305,111,228
1993 $23,941,391,391 $55,625,269,485
1992 $19,858,555,215 $54,239,188,746
1991 $11,009,993,703 $51,552,058,250
1990 $18,427,777,778 $50,701,374,187
1989 $24,313,855,653 $41,464,966,302
1988 $20,690,322,153 $36,275,613,877
1987 $22,368,704,134 $36,384,802,310
1986 $17,903,989,745 $33,943,568,481
1985 $21,445,970,614 $40,603,631,079
1984 $21,700,082,753 $41,807,931,453
1983 $20,871,081,080 $42,803,373,390
1982 $21,577,153,356 $46,622,715,281
1981 $25,058,020,338 $49,333,471,895
1980 $28,638,868,356 $43,599,134,193
1979 $24,749,063,922 $31,225,557,022
1978 $15,503,557,496 $23,775,718,541
1977 $14,137,406,741 $24,871,660,292
1976 $13,132,252,802 $19,213,212,475
1975 $12,022,811,621 $14,720,729,969
1974 $13,006,948,296 $11,651,505,689
1973 $5,408,804,607 $4,231,243,616
1972 $4,450,537,925 $1,415,086,929
1971 $3,880,392,195 $939,893,600
1970 $2,873,638,851 $685,986,701
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/united-arab-emirates | CC BY

GDP per capita in Kuwait vs United Arab Emirates by year

Kuwait
GDP per capita

GDP per capita, PPP
United Arab Emirates
GDP per capita

GDP per capita, PPP
1x
Year Current $
Kuwait UAE
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $32,312 - - -
2024 $32,856 $52,444 $50,274 $79,229
2023 $34,092 $53,025 $49,851 $77,955
2022 $39,982 $55,043 $50,760 $75,072
2021 $34,019 $50,652 $44,118 $68,580
2020 $25,236 $41,462 $37,992 $66,791
2019 $31,708 $50,703 $45,939 $79,816
2018 $32,068 $51,371 $47,135 $77,446
2017 $29,048 $46,566 $43,734 $70,282
2016 $27,324 $41,862 $42,721 $69,987
2015 $29,882 $45,267 $44,910 $73,986
2014 $44,369 $68,337 $52,725 $87,478
2013 $49,651 $76,813 $53,247 $87,526
2012 $52,155 $82,090 $53,142 $89,198
2011 $49,170 $79,037 $51,922 $89,665
2010 $39,212 $75,184 $44,795 $85,120
2009 $37,907 $80,110 $37,803 $84,780
2008 $55,585 $90,337 $50,054 $94,628
2007 $45,709 $91,435 $45,855 $100,813
2006 $42,947 $89,075 $44,343 $106,814
2005 $36,123 $84,968 $38,719 $101,301
2004 $27,552 $77,227 $33,377 $98,661
2003 $22,691 $69,752 $29,660 $92,636
2002 $18,513 $59,713 $27,754 $88,467
2001 $17,374 $58,553 $27,745 $90,370
2000 $19,296 $58,703 $29,866 $92,899
1999 $15,854 $56,406 $25,856 $87,658
1998 $14,067 $58,344 $24,889 $90,229
1997 $16,977 $57,420 $27,983 $96,009
1996 $18,201 $56,913 $28,323 $94,620
1995 $16,168 $57,163 $27,003 $93,702
1994 $14,930 $53,946 $25,473 $89,959
1993 $14,318 $48,482 $25,033 $86,330
1992 $12,146 $36,149 $25,648 $87,509
1991 $8,147 $23,390 $25,691 $87,250
1990 $10,938 $30,763 $26,710 $88,455
1989 $10,965 - $23,167 -
1988 $9,692 - $21,570 -
1987 $10,896 - $23,113 -
1986 $9,077 - $23,132 -
1985 $11,322 - $29,468 -
1984 $11,919 - $32,012 -
1983 $11,965 - $34,650 -
1982 $12,979 - $39,972 -
1981 $15,825 - $44,855 -
1980 $19,032 - $42,925 -
1979 $17,386 - $34,238 -
1978 $11,567 - $29,379 -
1977 $11,238 - $35,020 -
1976 $11,141 - $31,197 -
1975 $10,882 - $27,117 -
1974 $12,527 - $23,823 -
1973 $5,532 - $9,696 -
1972 $4,836 - $3,675 -
1971 $4,486 - $2,805 -
1970 $3,552 - $2,394 -
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/united-arab-emirates | CC BY

Kuwait's GDP per capita is $32,312, ranking 41/197, compared to $50,274 in the United Arab Emirates, ranking 25/197. Adjusted for purchasing power (GDP per capita PPP), Kuwait ranks 40th at $52,444, while the United Arab Emirates ranks 16th at $79,229.

Economic indicators

Kuwait UAE
Gross domestic product
$157B
2025
$552B
2024
GDP rank
59/197
2025
31/197
2024
GDP growth
2.73%
2024-2025
3.99%
2023-2024
GDP per capita
$32,312
2025
$50,274
2024
GDP per capita rank
41/197
2025
25/197
2024
GDP per capita, PPP
$52,444
2024
$79,229
2024
GDP per capita PPP rank
40/197
2024
16/197
2024
Government debt
$22.9B
2025
$193B
2024
Debt-to-GDP ratio
14.6%
2025
34.3%
2025
Government debt per person
$4,714
2025
$17,568
2024
Government debt per person rank
87/185
2025
37/185
2024
Average annual personal income after taxes
$24,940
2026
$40,096
2026
Market capitalization of domestic companies
$172B
2025
$1.11T
2025
Number of millionaires n/a
183,000
2026
Number of billionaires n/a
6
2026
Income share by richest 10% n/a
20.5%
2018
Income share by poorest 10% n/a
2.8%
2018
Government expenditure, % of GDP
50.1%
2025
22.6%
2025
Consumer prices inflation
2.36%
2024-2025
1.3%
2024-2025
Central bank interest rate
3.5%
2025
3.65%
2025
Unemployment rate
2.16%
2016
1.88%
2024
Population
4981316
11885001

Spending and national debt comparison by year

Kuwait
Spending

Debt
United Arab Emirates
Spending

Debt
1x
Year % of GDP
Kuwait UAE
Government spending Government debt Government spending Government debt
2025 50.1% 14.6% 22.6% 34.3%
2024 48% 2.91% 21.4% 34.9%
2023 48.3% 3.13% 22.7% 31.9%
2022 39.6% 2.95% 22.7% 31.5%
2021 48.3% 7.2% 25.9% 35.7%
2020 62.9% 10.2% 30.5% 30.1%
2019 50.2% 10.5% 27.4% 25.8%
2018 51% 14.3% 25.9% 20.7%
2017 51.9% 19.6% 27.2% 21.2%
2016 54% 9.88% 31.7% 18.6%
2015 55.3% 4.6% 26.4% 15.6%
2014 45% 3.43% 31.4% 13.5%
2013 38.4% 3.09% 28.9% 15.3%
2012 38.1% 3.6% 27.8% 20.2%
2011 39.6% 4.64% 29.6% 20.4%
2010 45.4% 6.16% 30.4% 18.3%
2009 42.8% 6.65% 35% 21.1%
2008 40.8% 5.38% 22% 8.95%
2007 30.4% 7.05% 17.7% 8.89%
2006 32.2% 7.79% 15.6% 5.05%
2005 28.7% 10.2% 15.7% 4.48%
2004 35.2% 13.9% 17.7% 4.08%
2003 38% 17.2% 20% 3.33%
2002 42.5% 21.3% 21.3% 3.43%
2001 41.2% 23% 25.2% 2.69%
2000 29.7% 21.4% 21.8% 3.12%
1999 44.3% 25.5% 24.3% 4.73%
1998 51.4% 25.6% 25.8% 4.18%
1997 43.5% 24.3% 22.6% 2.86%
1996 42.5% 26.5% 27.6% 3.48%
1995 51.7% 34.9% 26.1% 5.06%
1994 57.5% 37.7% 30.1% 5.58%
1993 58% 28.8% 31.5% 6.01%
1992 77.4% 27.9% 29.6% 5.31%
1991 208.1% 45.3% 36% 4.97%
1990 122.4% - - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1991–1998, retrieved 2026-07-08).

GeoRank.org/economy/kuwait/united-arab-emirates | CC BY

In 2025, Kuwait's government spending was $78.8B, accounting for 50.1% of its GDP, while the United Arab Emirates spent $118B, or 22.6% of GDP.

Debt-to-GDP ratio is 14.6% in Kuwait and 34.3% in the United Arab Emirates, ranking 177/185 and 146/185, respectively.

Government deficit by year

Deficit/surplus
Kuwait

United Arab Emirates
1x
Year Deficit/surplus, % of GDP
Kuwait UAE
2025 28.4% 5.15%
2024 26% 6.41%
2023 28.2% 5.82%
2022 30% 9.8%
2021 9.99% 3.96%
2020 0.16% -2.42%
2019 13% 2.5%
2018 17.6% 3.65%
2017 15.3% -0.16%
2016 12.8% -2.95%
2015 16.3% -6.35%
2014 29.8% 1.74%
2013 40.4% 7.99%
2012 40.5% 8.59%
2011 38.6% 5.05%
2010 31.7% 0.52%
2009 31.1% -6.13%
2008 21.2% 17.6%
2007 36.9% 17.1%
2006 27.8% 20.2%
2005 38.8% 16%
2004 32.3% 6.4%
2003 27% 2.35%
2002 30.9% -1.24%
2001 44.9% 1.21%
2000 52.3% 10.7%
1999 28% 1.31%
1998 19.4% 1%
1997 29.4% 6.71%
1996 24.2% 0.92%
1995 11.7% 3.58%
1994 1.71% -1.78%
1993 -3.2% -2.89%
1992 -28% 3.34%
1991 -144.5% 3.89%
1990 -49.9% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/kuwait/united-arab-emirates | CC BY

In 2024, Kuwait's government surplus, the difference between spending and revenue, was $41.9B, equivalent to 26% of GDP. This compares to the United Arab Emirates' surplus of $35.4B, or 6.41% of GDP.

Over the past 34 years, Kuwait recorded a fiscal deficit in 3 of those years, while the United Arab Emirates ran a deficit in 8 years. On average, Kuwait posted an annual surplus equal to 18.6% of GDP, compared to surplus of 4.25% of GDP for the United Arab Emirates.

Inflation comparison by year

Inflation
Kuwait

United Arab Emirates
1x
Year Consumer prices inflation
Kuwait UAE
2025 2.36% 1.3%
2024 2.9% 1.7%
2023 3.64% 1.6%
2022 3.98% 4.8%
2021 3.42% -0.1%
2020 2.1% -2.1%
2019 1.09% -1.9%
2018 0.54% 3.1%
2017 2.17% 2%
2016 3.2% 1.6%
2015 3.27% 4.1%
2014 2.91% 2.3%
2013 2.68% 1.1%
2012 3.26% 0.7%
2011 4.84% 0.9%
2010 4.5% 0.9%
2009 4.61% -4.7%
2008 10.6% 12.3%
2007 5.48% 11.1%
2006 3.06% 9.3%
2005 4.14% 6.2%
2004 1.25% 5%
2003 0.96% 3.1%
2002 0.89% 2.9%
2001 1.3% 2.8%
2000 1.81% 1.3%
1999 2.99% 2.1%
1998 0.13% 2%
1997 0.68% 3%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/kuwait/united-arab-emirates | CC BY

Over the past 29 years, Kuwait has recorded an average annual inflation rate of 2.92%, compared with 2.7% in the United Arab Emirates. In 2025, inflation was 2.36% in Kuwait and 1.3% in the United Arab Emirates.

Top exports between countries

Kuwait
Export category Export value
Machinery & equipment $683M
Precious metals & jewellery $264M
Chemicals & pharma $164M
Textiles & consumer goods $83M
Processed food, beverages & tobacco $47M
Metals $41.7M
Raw materials & minerals $38.6M
Animal & marine products $10.9M
Miscellaneous $10.7M
Raw agricultural goods $8.73M
UAE
Export category Export value
Machinery & equipment $3.65B
Precious metals & jewellery $2.32B
Chemicals & pharma $1.54B
Textiles & consumer goods $1.05B
Processed food, beverages & tobacco $502M
Metals $477M
Raw materials & minerals $367M
Raw agricultural goods $297M
Wood & paper products $171M
Animal & marine products $90.3M

Balance of trade

Kuwait UAE
Current account balance
$35.7B
2025
$80B
2024
Current account balance ranking
16/190
2025
9/190
2024
Current account balance, % of GDP
+22.7%
2025
+14.5%
2024
Goods imports
$37.5B
2025
$400B
2024
Goods exports
$70.7B
2025
$467B
2024
Service imports
$29.6B
2025
$117B
2024
Service exports
$12.7B
2025
$181B
2024
Imports of goods and services, % of GDP
38.2%
2024
92.2%
2023
Exports of goods and services, % of GDP
55.8%
2024
106.8%
2023

Economic freedom indices

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

Kuwait UAE
Economic freedom 59.9 71.9
Economic freedom ranking 100/197 29/197
Property rights 42 62.9
Government integrity 47.9 65.3
Judicial effectiveness 43.4 34.4
Tax burden 97.7 99.9
Government spending 36.2 85.1
Fiscal health 99.9 97.6
Business freedom 57.4 84.5
Labor freedom 49.2 63.2
Monetary freedom 68.7 81.2
Trade freedom 75.8 78.6
Investment freedom 50 50
Financial freedom 50 60

Economic freedom comparison by year

Kuwait
United Arab Emirates
1x
Year Economic freedom index
Kuwait UAE
2026 59.9 71.9
2025 59.9 71.6
2024 58.5 71.1
2023 56.7 70.9
2022 58.3 70.2
2021 64.1 76.9
2020 63.2 76.2
2019 60.8 77.6
2018 62.2 77.6
2017 65.1 76.9
2016 62.7 72.6
2015 62.5 72.4
2014 62.3 71.4
2013 63.1 71.1
2012 62.5 69.3
2011 64.9 67.8
2010 67.7 67.3
2009 65.6 64.7
2008 68.1 62.6
2007 66.4 62.6
2006 66.5 62.2
2005 64.6 65.2
2004 63.6 67.2
2003 66.7 73.4
2002 65.4 73.6
2001 68.2 74.9
2000 69.7 74.2
1999 69.5 71.5
1998 66.3 72.2
1997 64.8 71.9
1996 66.1 71.6

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

GeoRank.org/economy/kuwait/united-arab-emirates | CC BY

The Economic Freedom Index for Kuwait is 59.9, ranking 100/197, compared to 71.9 for the United Arab Emirates, ranking 29/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Kuwait UAE
Services, % of GDP
59.6%
2025
54.9%
2024
Industry, % of GDP
54.1%
2025
44.3%
2024
Agriculture, forestry, and fishing, % of GDP
0.53%
2025
0.77%
2024
GNI, Atlas method
$201B
2024
$566B
2024
GNI per capita, PPP
$64,040
2024
$81,640
2024
Total reserves including gold
$51.7B
2025
$292B
2025
Total reserves ranking
47/177
2025
14/177
2025
Net foreign direct investment
$2.58B
2025
$31.5B
2024
Net inflows of foreign direct investment
$615M
2024
$45.6B
2024
Net outflows of foreign direct investment
$10.3B
2024
$77.2B
2024
Poverty at national poverty lines n/a
19.5%
2020
Gross capital formation, % of GDP
15.1%
2024
26.6%
2023

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/united-arab-emirates | 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 (2024, retrieved 2026-07-08)
  6. International Monetary Fund (IMF) | Public Finances in Modern History (1991–1998, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)
  9. Central Intelligence Agency (CIA) (2020, 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.