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Economy of Kuwait
From Wikipedia, the free encyclopedia
The economy of Kuwait is a wealthy petroleum-based economy.[15] Kuwait is one of the richest countries in the world.[16][17][18] The Kuwaiti dinar is the highest-valued unit of currency in the world.[citation needed] According to the World Bank, Kuwait is the fifth richest country in the world by gross national income per capita.[19]
Quick Facts Currency, Fiscal year ...
![]() Kuwait City skyline | |
Currency | Kuwaiti dinar (KWD) |
---|---|
1 April – 31 March | |
Trade organisations | WTO, OPEC and GCC |
Country group | |
Statistics | |
Population | ![]() |
GDP | |
GDP rank | |
GDP growth |
|
GDP per capita | |
GDP per capita rank | |
GDP by sector | agriculture (0.4%), industry (58.7%), services (40.9%) (2017 est.)[5] |
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Unemployment | 5.2% [5] |
Main industries | petroleum, petrochemicals, steelmaking, cement, shipbuilding and repair, desalination, food processing, construction materials |
External | |
Exports | $40.16 billion (2020 est.)[7] |
Export goods | oil and refined products, acyclic alcohols, motor cars and other motor vehicles, lightvessels, floating cranes, floating docks, dredgers.[8] |
Main export partners | ![]() ![]() ![]() ![]() |
Imports | $28.34 billion (2020 est.)[7] |
Import goods | food, construction materials, vehicles and parts, clothing |
Main import partners | ![]() ![]() ![]() ![]() |
Gross external debt | ![]() |
Public finances | |
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Revenues | $24.97 billion (2020 est.)[5] |
Expenses | $71.58 billion (2020 est.)[5] |
Economic aid | N/A |
Standard & Poor's:[13] AA- (Domestic) AA- (Foreign) AA+ (T&C Assessment) Outlook: Stable[14] Moody's:[14] Aa2 Outlook: Stable Fitch:[14] AA Outlook: Stable | |
All values, unless otherwise stated, are in US dollars. |
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