Indicators of economy in Kuwait

The essential economic performance of a country is reflected by the gross domestic product. So the total of all goods and services sold. Worldwide gross domestic product in 2019 was at about 11.429 US Dollar per capita. In contrast, the GDP in Kuwait reached 32.000 US dollars per inhabitant, or 134.63 bn US Dollar in the whole country. Kuwait is therefore currently ranked 58 of the major economies. If this is calculated per inhabitant taking into account the purchasing power parity, then Kuwait is in the list of the world's richest countries in place 22.

Inflation in Kuwait was in 2019 at around 1.09%. For the the EU, the average of the same was year at 1.63%.

Compared to Germany, the prices for convenience goods are approximately 28.87% lower.
The Corruption Perceptions Index for the public sector counts 42 and is compared to other countries bad.


Back to overview: Kuwait