Kuwait FlagKuwait

His Hell Is Better Than My Family's Paradise.

 

General


Population: 2,742,711 (2014), 2,695,316 (2013)
Land Area: 17,820 sq km
Natural Resources: Petroleum, fish, shrimp, natural gas
Capital: Kuwait
Political System: Constitutional Emirate
State Leader: Sabah Al-Ahmad Al-Jabir Al-Sabah (January 29th 2006)
Head of Government: Jabir Al-Mubarak (November 30th 2011)
Languages: Arabic, English
Currency: Kuwaiti Dinar (KD)
Major Religions: Muslim 85%, Other 15%
Major Ethnicities: Kuwaiti 45%, Other Arab 35%, South Asian 9%, Iranian 4%, Other 7%
Life Expectancy: 77.64 years (2014), 77.46 years (2013)

Economy


GDP Official Exchange Rate: 179.5 billion (2013), 174.6 billion (2012)
GDP Purchasing Power Parity: 165.8 billion (2013), 165.9 billion (2012)
GDP Per Capita (PPP): 42,100 (2013), 43,800 (2012)
GDP Growth Rate: 2.3% (2013), 6.3% (2012)
GDP Structure: Agriculture 0.3%, Industry 50.6%, Services 49.1% (2013)
Labour Force By Occupation: NA
Industries: Petroleum, petrochemicals, cement, shipbuilding and repair, water desalination, food processing, construction materials
Agriculture Products: No crops; fish
Human Development Index: 0.814 (46th)(2014), 0.790 (54th)(2013)
Tourism Revenue: 414 million (2004)
Unemployment Rate: 3.4% (2011)

MilitaryKuwait Map


Army Size: 15 500 (2004)
Budget: 5.3% of GDP (2006)

Current Situation

 

Kuwait is located in the Middle East. Kuwait is bordered by Iraq and Saudi Arabia. Kuwait's government receives about 80% of its revenues from the exportation of oil. Kuwait's currency is the most valued in the world and also its GDP per capita is one of the highest. Kuwait is growing at a steady pace and with huge surpluses created by oil revenues it is undertaking several ambitious projects to diversify away from oil.

(2014) Kuwait's economic growth has slowed in 2013 mostly due to weakness in the price of crude oil. It remains to be seen how Kuwait will be affected by the troubles that are afflicting its neighbour Iraq.

Thoughts & Comments

 

Sources

CIA World Factbook: Kuwait
The Economist: The World In 2014
Wikipedia: Kuwait
http://hdrstats.undp.org/en/countries/profiles/KWT.html

Updated on: October 9th, 2014