Compare the economies of the countries

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Economy power of Kuwait & Serbia

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Kuwait vs Serbia

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Kuwait Serbia
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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 The Republic of Serbia is a landlocked nation located in the southern Pannonian Plain. It is also one of the nations located in the central Balkans. Interestingly, it is said that the country sits at the crossroads of Central and Southeast Europe. Belgrade is the largest city in Serbia, also being its capital. There are 8 nations that neighbour this republic, namely Hungary, Romania, Bulgaria, North Macedonia, Croatia, Bosnia and Herzegovina, and Montenegro. The last, eighth neighbor is either Albania or recently broken away Kosovo.  More about Serbia

Gross domestic product (GDP, GDP PPP)

Gross domestic product (GDP)

Kuwait Serbia
Position in the ranking of countries 57 (2023) 74 (2023)
GDP [US$] 163,704,878,875 81,342,660,752
Percentage of the other 201.3 % 49.7 %

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

Kuwait Serbia
Position in the ranking of countries 56 (2023) 73 (2023)
GNI [US$] 195,985,100,891 77,124,644,204
Percentage of the other 254.1 % 39.4 %

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 Serbia
Position in the ranking of countries 14 (2022) 113 (2023)
External balance [US$] 55,010,938,775 -3,532,643,820
Percentage of the other -1557.2 % -6.4 %

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)

Kuwait Serbia
Position in the ranking of countries 14 (2022) 113 (2023)
Unemployment [%] 2.14 7.39
Percentage of the other 29 % 345.3 %

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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(India)

Kuwait Serbia
Position in the ranking of countries 123 (2023) 106 (2023)
Population 4,853,420 6,623,183
Percentage of the other 73.3 % 136.5 %

Population growth (annual %)

Density

Gender

Demography