Kuwait

Capital: Kuwait City
Population: 2.596.799 (June 2008)
Area: 17, 820 SQ KM
Currency: Kuwait Dinar
Currency Code: KD
GDP Per Capita (PPP): $ 39, 300
GDP (Purchasing Power Parity): $130.1 Billion
GDP (Official Exchange Rate): $111.3 Billion
GDP Real Growth Rate: 4.6%
GDP Composition by Industry Sector: Agriculture: 0.3% - Industry: 51.5% - Services: 48.1%

Industry: Phosphate Mining, Pharmaceuticals, Petroleum Refining, Cement, Potash, Light Manufacturing, and Tourism.

Economy: Kuwait has a rich and relatively open economy with self-reported crude oil reserves of around 104 billion barrels – 10% of world reserves.  Petroleum accounts for nearly half of the country’s GDP, 95% of its export revenues, and 80% of government income.  High oil prices in recent years have helped build Kuwait’s budget, trade surpluses, and foreign reserves.  The country’s economic prospects continue to be dependent on the strength of international oil prices, and its ability to maintain crude oil output.