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Kuwait : economy statistics and industry reports
- Updated on : 27 August 2012 Source : The World Factbook
Imports
$21.96 billion (2011 est.)$20.07 billion (2010 est.)
Exports
$104.3 billion (2011 est.)$67.62 billion (2010 est.)
Inflation rate (consumer prices)
4.7% (2011 est.)4% (2010 est.)
Unemployment rate
2.2% (2004 est.)GDP - per capita (PPP)
$42,200 (2011 est.)$40,100 (2010 est.)
$39,900 (2009 est.)
note: data are in 2011 US dollars
National product real growth rate
3.2% (2010 est.)-4.6% (2009 est.)
8.5% (2008 est.)
Internet users
1.1 million (2009)Telephones - mobile cellular
4.4 million (2009)Population growth rate
1.883%note: this rate reflects a return to pre-Gulf crisis immigration of expatriates (2012 est.)
Population
2,646,314 (July 2012 est.)note: includes 1,291,354 non-nationals
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Historical background
Britain oversaw foreign relations and defense for the ruling Kuwaiti AL-SABAH dynasty from 1899 until independence in 1961.
Kuwait was attacked and overrun by Iraq on 2 August 1990.
Following several weeks of aerial bombardment, a US-led, UN coalition began a ground assault on 23 February 1991 that liberated Kuwait in four days.
...
Economic overview
Kuwait has a geographically small, but wealthy, relatively open economy with self-reported crude oil reserves of about 102 billion barrels - about 9% of world reserves.
Petroleum accounts for nearly half of GDP, 95% of export revenues, and 95% of government income.
Kuwaiti officials have committed to increasing oil production to 4 million barrels per day by 2020.
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D&B Country RiskLine Report: Kuwait
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- January 2013
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Risk Update The December general election does little to ease political tensions. Report Summary This D&B Country RiskLine Report will help you analyze the risks, opportunities and likely payment delays ...
- Countries : Kuwait
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