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Kuwait Economy
GDP:
purchasing power parity - $41.46 billion (2003 est.)
GDP - real growth rate:
4.6% (2003 est.)
GDP - per capita:
purchasing power parity - $19,000 (2003 est.)
GDP - composition by sector:
agriculture: 0.4%
industry: 59.5%
services: 40% (2003)
Investment (gross fixed):
8% of GDP (2003)
Population below poverty line:
NA
Household income or consumption by percentage share:
lowest 10%: NA
highest 10%: NA
Inflation rate (consumer prices):
1.2% (2003 est.)
Labor force:
1.38 million
note: non-Kuwaitis represent about 80% of the labor force. (2003 est.)
Labor force - by occupation:
agriculture NA, industries NA, services NA
Unemployment rate:
2.1% (2003 est.)
Budget:
revenues: $29.41 billion
expenditures: $17.57 billion, including capital expenditures of NA (2003)
Public debt:
29.5% of GDP (2003)
Industries:
petroleum, petrochemicals, desalination, food processing, construction materials
Industrial production growth rate:
-5% (2002 est.)
Electricity - production:
31.49 billion kWh (2001)
Electricity - production by source:
fossil fuel: 100%
hydro: 0%
other: 0% (2001)
nuclear: 0%
Electricity - consumption:
29.29 billion kWh (2001)
Electricity - exports:
0 kWh (2001)
Electricity - imports:
0 kWh (2001)
Oil - production:
2.27 million bbl/day (2003 est.)
Oil - consumption:
293,000 bbl/day (2003 est.)
Oil - exports:
1.97 million bbl/day (2003)
Oil - imports:
NA (2003)
Oil - proved reserves:
97.68 billion bbl (1 January 2002)
Natural gas - production:
8.7 billion cu m (2002 est.)
Natural gas - consumption:
8.7 billion cu m (2002 est.)
Natural gas - exports:
0 cu m (2002 est.)
Natural gas - imports:
0 cu m (2002 est.)
Natural gas - proved reserves:
1.548 trillion cu m (1 January 2002)
Agriculture - products:
practically no crops; fish
Current account balance:
$8.652 billion (2003)
Exports:
$22.29 billion f.o.b. (2003 est.)
Exports - commodities:
oil and refined products, fertilizers
Exports - partners:
Japan 22%, South Korea 13.1%, US 12%, Singapore 10.2%, Taiwan 7.5%, Pakistan 4.7% (2003 est.)
Imports:
$9.606 billion f.o.b. (2003 est.)
Imports - commodities:
food, construction materials, vehicles and parts, clothing
Imports - partners:
US 15%, Japan 10.4%, Germany 9.7%, China 6.7%, UK 6.2%, Saudi Arabia 5.6%, Italy 5.1%, France 4.3% (2003 est.)
Reserves of foreign exchange & gold:
$7.685 billion (2003)
Debt - external:
$12.18 billion (2003 est.)
Economic aid - recipient:
NA (2001)
Currency code:
KWD
Fiscal year:
1 April - 31 March
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