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 2020 was at about 10.912 US Dollar per capita. In contrast, the GDP in Kuwait reached 24.812 US dollars per inhabitant, or 105.96 bn US Dollar in the whole country. Kuwait is therefore currently ranked 61 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 23.

Inflation in Kuwait was in 2021 at around 3.42%. Within the EU, the average in the same year was 2.62%. In the United States, it was most recently 4.70%.

Compared with the USA, prices for daily consumer goods are around 39.7% lower.
The Corruption Perceptions Index for the public sector counts 67 and is compared to other countries moderate.


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