Skip to content

Economy of Kuwait vs Uzbekistan compared: GDP & Debt

Updated on by Georank team

Kuwait has a GDP of $160B compared to $115B for Uzbekistan, ranking 59/197 and 66/197 by economy size, respectively.

Kuwait has $4.68B in government debt (2.92% of GDP), compared to $37.5B (32.7% of GDP) in Uzbekistan.

Kuwait vs Uzbekistan GDP by year

Kuwait
Uzbekistan
1x
Year GDP, current $
Kuwait Uzbekistan
2024 $160,227,273,053 $114,965,293,467
2023 $165,384,407,116 $102,641,879,249
2022 $183,502,046,694 $90,095,926,567
2021 $148,350,671,489 $77,340,060,003
2020 $111,045,470,606 $66,443,265,418
2019 $140,856,394,861 $67,293,639,798
2018 $138,646,316,351 $58,695,899,092
2017 $120,687,539,806 $69,703,222,283
2016 $109,406,674,125 $86,138,288,644
2015 $114,585,555,689 $86,196,264,755
2014 $162,650,450,685 $80,845,385,809
2013 $174,168,116,535 $73,180,037,915
2012 $174,047,662,680 $67,517,349,212
2011 $154,039,231,246 $60,178,909,297
2010 $115,416,245,242 $49,765,676,402
2009 $105,968,691,905 $33,689,223,673
2008 $147,379,737,230 $29,549,438,884
2007 $114,634,043,362 $22,311,393,928
2006 $101,557,330,723 $17,330,833,853
2005 $80,798,630,137 $14,307,509,839
2004 $59,439,090,601 $12,030,023,548
2003 $47,874,582,232 $10,134,453,435
2002 $38,135,788,414 $9,687,788,513
2001 $34,889,559,870 $11,401,421,329
2000 $37,718,743,480 $13,760,513,969
1999 $30,122,365,849 $17,078,465,982
1998 $25,943,705,784 $14,988,971,211
1997 $30,350,190,704 $14,744,603,774
1996 $31,492,373,309 $13,948,892,216
1995 $27,186,980,647 $13,350,461,265
1994 $24,848,483,838 $12,899,074,922
1993 $23,941,391,391 $13,099,920,056
1992 $19,858,555,215 $12,953,801,760
1991 $11,009,993,703 $13,800,167,712
1990 $18,427,777,778 $13,362,340,338
1989 $24,313,855,653 $11,948,815,258
1988 $20,690,322,153 $10,722,799,639
1987 $22,368,704,134 $8,523,160,593
1986 $17,903,989,745 -
1985 $21,445,970,614 -
1984 $21,700,082,753 -
1983 $20,871,081,080 -
1982 $21,577,153,356 -
1981 $25,058,020,338 -
1980 $28,638,868,356 -
1979 $24,749,063,922 -
1978 $15,503,557,496 -
1977 $14,137,406,741 -
1976 $13,132,252,802 -
1975 $12,022,811,621 -
1974 $13,006,948,296 -
1973 $5,408,804,607 -
1972 $4,450,537,925 -
1971 $3,880,392,195 -
1970 $2,873,638,851 -
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 (1962–2024, retrieved 2026-04-06).

GeoRank.org/economy/kuwait/uzbekistan | CC BY

GDP per capita in Kuwait vs Uzbekistan by year

Kuwait
GDP per capita

GDP per capita, PPP
Uzbekistan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Kuwait Uzbekistan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $32,718 $52,444 $3,162 $11,879
2023 $34,076 $53,025 $2,879 $11,107
2022 $39,982 $55,043 $2,579 $10,293
2021 $34,019 $50,652 $2,259 $9,248
2020 $25,236 $41,462 $1,978 $8,452
2019 $31,708 $50,703 $2,041 $8,544
2018 $32,068 $51,371 $1,813 $8,129
2017 $29,048 $46,566 $2,191 $7,818
2016 $27,324 $41,862 $2,753 $6,919
2015 $29,882 $45,267 $2,803 $6,800
2014 $44,369 $68,337 $2,675 $6,610
2013 $49,651 $76,813 $2,462 $6,413
2012 $52,155 $82,090 $2,307 $6,168
2011 $49,170 $79,037 $2,088 $5,949
2010 $39,212 $75,184 $1,753 $5,505
2009 $37,907 $80,110 $1,206 $5,135
2008 $55,585 $90,337 $1,075 $4,800
2007 $45,709 $91,435 $824 $4,386
2006 $42,947 $89,075 $649 $3,956
2005 $36,123 $84,968 $543 $3,618
2004 $27,552 $77,227 $462 $3,321
2003 $22,691 $69,752 $394 $3,047
2002 $18,513 $59,713 $381 $2,902
2001 $17,374 $58,553 $454 $2,782
2000 $19,296 $58,703 $555 $2,644
1999 $15,854 $56,406 $698 $2,522
1998 $14,067 $58,344 $621 $2,418
1997 $16,977 $57,420 $621 $2,329
1996 $18,201 $56,913 $597 $2,214
1995 $16,168 $57,163 $583 $2,178
1994 $14,930 $53,946 $574 $2,197
1993 $14,318 $48,482 $596 $2,318
1992 $12,146 $36,149 $603 $2,371
1991 $8,147 $23,390 $658 $2,676
1990 $10,938 $30,763 $653 $2,665
1989 $10,965 - $598 -
1988 $9,692 - $551 -
1987 $10,896 - $450 -
1986 $9,077 - - -
1985 $11,322 - - -
1984 $11,919 - - -
1983 $11,965 - - -
1982 $12,979 - - -
1981 $15,825 - - -
1980 $19,032 - - -
1979 $17,386 - - -
1978 $11,567 - - -
1977 $11,238 - - -
1976 $11,141 - - -
1975 $10,882 - - -
1974 $12,527 - - -
1973 $5,532 - - -
1972 $4,836 - - -
1971 $4,486 - - -
1970 $3,552 - - -
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 (1962–2024, retrieved 2026-04-06).

GeoRank.org/economy/kuwait/uzbekistan | CC BY

Kuwait's GDP per capita is $32,718, ranking 37/197, compared to $3,162 in Uzbekistan, ranking 139/197. Adjusted for purchasing power (GDP per capita PPP), Kuwait ranks 40th at $52,444, while Uzbekistan ranks 125th at $11,879.

Economic indicators

Kuwait Uzbekistan
Gross domestic product
$160B
2024
$115B
2024
GDP rank
59/197
2024
66/197
2024
GDP growth
-2.56%
2023-2024
6.5%
2023-2024
GDP per capita
$32,718
2024
$3,162
2024
GDP per capita rank
37/197
2024
139/197
2024
GDP per capita, PPP
$52,444
2024
$11,879
2024
GDP per capita PPP rank
40/197
2024
125/197
2024
Government debt
$4.68B
2024
$37.5B
2024
Debt-to-GDP ratio
2.92%
2024
32.7%
2024
Government debt per person
$956
2024
$1,032
2024
Government debt per person rank
143/185
2024
141/185
2024
Average annual personal income after taxes
$23,828
2026
$3,658
2026
Market capitalization of domestic companies
$141B
2024
$18.8B
2024
Income share by richest 10% n/a
25.7%
2024
Income share by poorest 10% n/a
2.3%
2024
Government expenditure, % of GDP
50.4%
2024
27.6%
2024
Consumer prices inflation
2.9%
2023-2024
9.6%
2023-2024
Central bank interest rate
3.5%
2025
14%
2025
Unemployment rate
2.16%
2016
5.29%
2020
Population
5100145
37939105

Spending and national debt comparison by year

Kuwait
Spending

Debt
Uzbekistan
Spending

Debt
1x
Year % of GDP
Kuwait Uzbekistan
Government spending Government debt Government spending Government debt
2024 50.4% 2.92% 27.6% 32.7%
2023 48.3% 3.13% 29.9% 32.2%
2022 39.6% 2.95% 31.3% 30.5%
2021 48.3% 7.2% 27.4% 31.7%
2020 62.9% 10.2% 26% 33.7%
2019 50.3% 10.5% 24.4% 25.4%
2018 51.1% 14.3% 22.2% 17.5%
2017 51.9% 19.6% 19.9% 17.3%
2016 54.1% 9.88% 23.3% 8.19%
2015 55.4% 4.6% 24.6% 6.72%
2014 45% 3.43% 24.9% 6.09%
2013 38.4% 3.09% 25.2% 6.23%
2012 38.2% 3.6% 23.9% 6.76%
2011 39.7% 4.64% 23.7% 6.33%
2010 45.5% 6.16% 26.4% 6.61%
2009 42.9% 6.65% 27.5% 7.3%
2008 40.9% 5.38% 26.5% 8.33%
2007 30.4% 7.05% 24.8% 9.56%
2006 32.3% 7.79% 24.7% 13.5%
2005 28.8% 10.2% 28.1% 21%
2004 35.3% 13.9% 29.4% 26.9%
2003 38.2% 17.2% 31.5% 31.4%
2002 42.8% 21.3% 34.6% 41.6%
2001 41.4% 23% 30.6% 44.8%
2000 29.9% 21.4% 32.9% 29.5%
1999 44.5% 25.5% 33.6% 18.4%
1998 51.7% 25.6% 35.1% 18%
1997 43.8% 24.3% 31.8% 15.3%
1996 42.8% 26.5% 35.1% -
1995 52% 34.9% 29.4% -
1994 57.8% 37.7% 27.1% -
1993 58.2% 28.8% 39.6% -
1992 77.6% 27.9% 18% -
1991 208.9% 45.3% - -
1990 122.9% - - -

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

GeoRank.org/economy/kuwait/uzbekistan | CC BY

In 2024, Kuwait's government spending was $80.8B, accounting for 50.4% of its GDP, while Uzbekistan spent $31.7B, or 27.6% of GDP.

Debt-to-GDP ratio is 2.92% in Kuwait and 32.7% in Uzbekistan, ranking 184/185 and 152/185, respectively.

Government deficit by year

Deficit/surplus
Kuwait

Uzbekistan
1x
Year Deficit/surplus, % of GDP
Kuwait Uzbekistan
2024 23.8% -2.37%
2023 28.2% -4.03%
2022 30% -3.65%
2021 9.98% -4.1%
2020 0.14% -2.95%
2019 13% -0.3%
2018 17.5% 1.64%
2017 15.3% 1.04%
2016 13.1% 0.7%
2015 16.6% -0.28%
2014 30% 1.9%
2013 40.6% 2.15%
2012 40.7% 5.89%
2011 38.8% 5.11%
2010 31.9% 2.56%
2009 31.3% 1.82%
2008 21.3% 5.97%
2007 37.1% 3.55%
2006 28% 2.72%
2005 38.9% -3.52%
2004 32.5% -3.74%
2003 27.2% -4.87%
2002 31% -6.31%
2001 45.2% -3.28%
2000 52.5% -3.66%
1999 28.2% -2.91%
1998 19.5% -3.04%
1997 29.5% -2.05%
1996 24.3% -1.57%
1995 11.7% -1.77%
1994 1.76% -4.47%
1993 -3.12% -12%
1992 -28.1% 7.15%
1991 -145% -
1990 -50% -

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

GeoRank.org/economy/kuwait/uzbekistan | 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 Uzbekistan's deficit of $2.72B, or 2.37% of GDP.

Over the past 33 years, Kuwait recorded a fiscal deficit in 2 of those years, while Uzbekistan ran a deficit in 20 years. On average, Kuwait posted an annual surplus equal to 23.6% of GDP, compared to deficit of 0.87% of GDP for Uzbekistan.

Inflation comparison by year

Inflation
Kuwait

Uzbekistan
1x
Year Consumer prices inflation
Kuwait Uzbekistan
2024 2.9% 9.6%
2023 3.64% 10%
2022 3.98% 11.4%
2021 3.42% 10.8%
2020 2.1% 12.9%
2019 1.09% 14.5%
2018 0.54% 17.5%
2017 2.17% 13.9%
2016 3.2% 8.8%
2015 3.27% 8.5%
2014 2.91% 9.1%
2013 2.68% 11.7%
2012 3.26% 11.9%
2011 4.84% 12.4%
2010 4.5% 12.3%
2009 4.61% 12.3%
2008 10.6% 13.1%
2007 5.48% 11.2%
2006 3.06% 13.1%
2005 4.14% 10.7%
2004 1.25% 7.3%
2003 0.96% 12.5%
2002 0.89% 27.3%
2001 1.3% 27.3%
2000 1.81% 25%
1999 2.99% 29.1%
1998 0.13% 29%
1997 0.68% 70.9%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/kuwait/uzbekistan | CC BY

Over the past 28 years, Kuwait has recorded an average annual inflation rate of 2.94%, compared with 16.6% in Uzbekistan. In 2024, inflation was 2.9% in Kuwait and 9.6% in Uzbekistan.

Top exports between countries

Kuwait
Export category Export value
Miscellaneous $4K
Uzbekistan
Export category Export value
Raw materials & minerals $4.75M
Textiles & consumer goods $846K
Raw agricultural goods $344K
Animal & marine products $20K
Government & miscellaneous services $18K
Manufacturing & construction services $17K
Processed food, beverages & tobacco $16K
Machinery & equipment $2K

Balance of trade

Kuwait Uzbekistan
Current account balance
$46.7B
2024
-$5.71B
2024
Current account balance ranking
15/190
2024
169/190
2024
Current account balance, % of GDP
+29.1%
2024
-4.97%
2024
Goods imports
$33.4B
2024
$33.2B
2024
Goods exports
$77.5B
2024
$19.6B
2024
Service imports
$28.1B
2024
$10.5B
2024
Service exports
$12.2B
2024
$6.55B
2024
Imports of goods and services, % of GDP
38.3%
2023
38%
2024
Exports of goods and services, % of GDP
57.7%
2023
22.8%
2024

Economic freedom indices

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

Kuwait Uzbekistan
Economic freedom 59.9 60.3
Economic freedom ranking 100/197 94/197
Property rights 42 43.1
Government integrity 47.9 32
Judicial effectiveness 43.4 13.7
Tax burden 97.7 95
Government spending 36.2 73.7
Fiscal health 99.9 79.9
Business freedom 57.4 62.5
Labor freedom 49.2 48.4
Monetary freedom 68.7 65.1
Trade freedom 75.8 80.6
Investment freedom 50 70
Financial freedom 50 60

Economic freedom comparison by year

Kuwait
Uzbekistan
1x
Year Economic freedom index
Kuwait Uzbekistan
2026 59.9 60.3
2025 59.9 58
2024 58.5 55.9
2023 56.7 56.5
2022 58.3 55.7
2021 64.1 58.3
2020 63.2 57.2
2019 60.8 53.3
2018 62.2 51.5
2017 65.1 52.3
2016 62.7 46
2015 62.5 47
2014 62.3 46.5
2013 63.1 46
2012 62.5 45.8
2011 64.9 45.8
2010 67.7 47.5
2009 65.6 50.5
2008 68.1 51.9
2007 66.4 51.5
2006 66.5 48.7
2005 64.6 45.8
2004 63.6 39.1
2003 66.7 38.3
2002 65.4 38.5
2001 68.2 38.2
2000 69.7 38.1
1999 69.5 33.8
1998 66.3 31.5
1997 64.8 -
1996 66.1 -

Data sources: The Heritage Foundation | Economic Freedom Index (1996–2026, retrieved 2026-03-09).

GeoRank.org/economy/kuwait/uzbekistan | CC BY

The Economic Freedom Index for Kuwait is 59.9, ranking 100/197, compared to 60.3 for Uzbekistan, ranking 94/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Kuwait Uzbekistan
Services, % of GDP
55.9%
2024
45.2%
2024
Industry, % of GDP
57.1%
2024
31.8%
2024
Agriculture, forestry, and fishing, % of GDP
0.49%
2024
18.3%
2024
GNI, Atlas method
$200B
2024
$110B
2024
GNI per capita, PPP
$63,270
2024
$12,000
2024
Total reserves including gold
$50.7B
2024
$41.2B
2024
Total reserves ranking
41/177
2024
50/177
2024
Net foreign direct investment
$9.71B
2024
-$2.81B
2024
Net inflows of foreign direct investment
$615M
2024
$2.99B
2024
Net outflows of foreign direct investment
$10.3B
2024
$36.7M
2024
Servicing debt to the IMF, % of GNI n/a
9.88%
2024
Poverty at national poverty lines n/a
8.9%
2024
Gross capital formation, % of GDP
17.7%
2023
33.3%
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/uzbekistan | CC BY

Compare countries by 7 more topics

Help us show the world through your eyes

Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.

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. TradeMap (2021–2024, retrieved 2026-02-08)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)

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.