Economy of Kuwait |
Currency |
Kuwaiti dinar (KD) |
Fiscal year |
1 April–31 March |
Trade organisations |
WTO and OPEC |
Statistics |
GDP ranking |
76th (2004) [1] |
GDP |
$138.6 billion (2007 est.) |
GDP growth |
5.6% (2007 est.) |
GDP per capita |
$55,300 (2007 est.) |
GDP by sector |
agriculture (0.4%), industry (54.7%), services (44.9%) (2007 est.) |
Inflation |
3.9% (2007 est.) |
Pop below poverty line |
NA |
Labour force |
1.42 million; note: non-Kuwaitis represent about 65% of the labor force. (2004 est.) |
Labour force by occupation |
NA |
Unemployment |
2.2% (2004 est.) |
Main industries |
petroleum, petrochemicals, cement, shipbuilding and repair, desalination, food processing, construction materials |
Trading Partners |
Exports |
$59.57 billion f.o.b. (2007 est.) |
Main partners |
Japan 20.4%, South Korea 16.2%, U.S. 9%, Singapore 9.7%, the Republic of China 4.1%, Taiwan 10.8%, Netherlands 5.3% (2006) |
Imports |
$17.74 billion f.o.b. (2007 est.) |
Main Partners |
U.S. 14.1%, Japan 7.8%, Germany 7.9%, the People's Republic of China 5.7%, UK 5.4%, Saudi Arabia 6.8%, Italy 4.6% (2006) |
Public finances |
Public debt |
$14.21 billion (29.6% of GDP) (2004 est.) |
External debt |
$15.02 billion (2004 est.) |
Revenues |
$33.61 billion (2007 est.) |
Expenses |
$19.53 billion (2004 est.) |
Economic aid |
NA |
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