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  • Kuwait Economic Data

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    Mijin Bahng
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    Kuwait has a GDP of $136.5 billion and GDP per capita of $48,900. It has a population growth rate of 2% and low unemployment rate of 2.2%. Kuwait relies heavily on oil exports, which account for 80% of government revenue and nearly half of GDP, with petroleum and petrochemicals making up 95% of exports. While oil prices have boosted Kuwait's economy recently, other industries like agriculture, manufacturing and trade make up only small portions of GDP.

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    Kuwait has a GDP of $136.5 billion and GDP per capita of $48,900. It has a population growth rate of 2% and low unemployment rate of 2.2%. Kuwait relies heavily on oil exports, which account for 80% of government revenue and nearly half of GDP, with petroleum and petrochemicals making up 95% of exports. While oil prices have boosted Kuwait's economy recently, other industries like agriculture, manufacturing and trade make up only small portions of GDP.

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    15 views1 page

    Kuwait Economic Data

    Uploaded by

    Mijin Bahng
    Kuwait has a GDP of $136.5 billion and GDP per capita of $48,900. It has a population growth rate of 2% and low unemployment rate of 2.2%. Kuwait relies heavily on oil exports, which account for 80% of government revenue and nearly half of GDP, with petroleum and petrochemicals making up 95% of exports. While oil prices have boosted Kuwait's economy recently, other industries like agriculture, manufacturing and trade make up only small portions of GDP.

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    Mijin Bahng Economic Map Project Data

    Economic Data for Kuwait GDP: $ 136.5 billion GDP per capita: $ 48,900 Growth Rate: 2.00% Unemployment Rate: 2.2 % Population below poverty line: NA % Exports: $ 66.96 billion Imports: $ 19.06 billion National Debt: $ 45.43 billion

    Kuwait is a sovereign Arab state in the Arabian Peninsula located in the northwestern corner of the Persian Gulf. It is the geographically small emirate between Iraq and Saudi Arabia. Kuwait has a proven crude oil reserve of 104 billion barrels, estimated to be 10% of the world's reserves. All natural resources in the country and associated revenues are government property. Kuwait's oil industry accounts for 80% of government revenue. Petroleum and petrochemicals account for nearly half of GDP and 95% of export revenues. Increase in oil prices since 2003 resulted in a surge in Kuwait's economy. Other major industries include shipping, construction, cement, water desalination, construction materials and financial services. However, other sectors of Kuwaits economy are weak by comparison; agriculture, manufacturing, and trade each constitute only a small proportion of gross domestic product (GDP).

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