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CompareEconomy.com Comparison of world economies

Compare the economies of the countries

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Economy power of Kuwait & Libya

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Kuwait vs Libya

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Kuwait Libya
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World Rank World Rank 48 3.48
The State of Kuwait is a country located in Western Asia. However, because of its localization on the northern edge of Eastern Arabia, it is quite often connected with the region of the Middle East. The largest city of the state is Kuwait City, and it is at the same time its capital. In terms of neighbours, they share borders with Iraq (the nation that invaded them in 1990) and Saudi Arabia. Interestingly, due to large oil reserves (considered to be the sixth largest in the world), the importance of the region for the developed country is quite substantial. More about Kuwait Officially known as the State of Libya, the nation is located in the northern part of Africa, in the Maghreb region. It borders Sudan, Chad, Algeria, Niger, Tunisia, and Egypt. This is the fourth largest country in Africa thanks to its enormous land coverage of 1.8 million square kilometers. It is also the 16th largest nation worldwide.  More about Libya

Gross domestic product (GDP, GDP PPP)

Gross domestic product (GDP)

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(United States of America (USA))

Kuwait Libya
Position in the ranking of countries
GDP [US$] 105,960,225,688 42,817,472,975
Percentage of the other

Gross domestic product growth rate

Gross domestic product per capita

Gross domestic product (PPP)

Gross domestic product (PPP) per capita

Gross national income (GNI, Inflation)

Gross national income

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(United States of America (USA))

Kuwait Libya
Position in the ranking of countries
GNI [US$] 154,471,896,903 43,169,797,204
Percentage of the other

Gross national income per capita

Inflation consumer prices (annual %)

International trade (Export, Import)

External balance on goods and services

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(China)

Kuwait Libya
Position in the ranking of countries
External balance [US$] 11,445,868,577 5,166,988,486
Percentage of the other

External balance on goods and services (% of GDP)

Exports of goods and services (current US$)

Exports of goods and services (% of GDP)

Imports of goods and services (current US$)

Imports of goods and services (% of GDP)

Employment by sector, Unemployment

Unemployment (% of total labor force)

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(South Africa)

Kuwait Libya
Position in the ranking of countries
Unemployment [%] 2.82 20.61
Percentage of the other

Employment in agriculture (% of total employment)

Employment in industry (% of total employment)

Employment in services (% of total employment)

Vulnerable employment (% of total employment)

Population (total, growth, density, demgraphy)

Total population

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(China)

Kuwait Libya
Position in the ranking of countries
Population 4,250,114 6,735,277
Percentage of the other

Population growth (annual %)

Density

Gender

Demography