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    Kuwait has a GDP of $171.1 billion and GDP per capita of $40,700, with economic growth of 5.7% and unemployment of 2.2%. Oil accounts for over 90% of Kuwait's government budget and exports, with oil price increases boosting government revenue recently. However, the country lacks economic diversity and has a poor business climate due to government corruption, leading youth to call for political reforms in 2011.

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    Kuwait has a GDP of $171.1 billion and GDP per capita of $40,700, with economic growth of 5.7% and unemployment of 2.2%. Oil accounts for over 90% of Kuwait's government budget and exports, with oil price increases boosting government revenue recently. However, the country lacks economic diversity and has a poor business climate due to government corruption, leading youth to call for political reforms in 2011.

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    8 views1 page

    Kuwait

    Uploaded by

    lamotteandrew3780
    Kuwait has a GDP of $171.1 billion and GDP per capita of $40,700, with economic growth of 5.7% and unemployment of 2.2%. Oil accounts for over 90% of Kuwait's government budget and exports, with oil price increases boosting government revenue recently. However, the country lacks economic diversity and has a poor business climate due to government corruption, leading youth to call for political reforms in 2011.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
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    Economic Map Project

    Economic Data for Kuwait GDP: $ 171.1 billon GDP per Capita:$ 40,700 Growth Rate: 5.7% Unemployment Rate: 2.2% Population Below Poverty Line: NA Exports: $ 94.47 billion Imports: $ 22.41 billion National Debt: $ 44.45 billion Kuwait is a country in the Middle East neighboring Iraq, Saudi Arabia, and the Persian Gulf. Its main export is oil, which accounts for over ninety percent of the government budget. The recent rise in oil prices has increased the government revenue. The government has a high level of corruption which caused a youth movement for political reform in 2011. The country has a poor business climate that lacks diversity. The government plans to diversify its economy through investment and also plans to increase exports of crude, its main export. The countrys main imports are food, construction material, clothing, and vehicle and parts. The countrys main exports are oil and refined products, and fertilizers. The government has a positive net export.

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