Kuwait/

Kuwait has a geographically small, but wealthy, relatively open economy with self-reported crude oil reserves of about 102 billion barrels - about 9% of world reserves. Petroleum accounts for nearly half of GDP, 95% of export revenues, and 95% of government income. Kuwaiti officials have committed to increasing oil production to 4 million barrels per day by 2020. The rise in global oil prices throughout 2010 is reviving government consumption and economic growth as Kuwait experiences a 20% increase in government budget revenue. Kuwait has done little to diversify its economy, in part, because of this positive fiscal situation, and, in part, due to the poor business climate and the acrimonious relationship between the National Assembly and the executive branch, which has stymied most movement on economic reforms. Nonetheless, the government in May 2010 passed a privatization bill that allows the government to sell assets to private investors, and in January passed an economic development plan that pledges to spend up to $130 billion in five years to diversify the economy away from oil, attract more investment, and boost private sector participation in the economy. Increasing government expenditures by so large an amount during the planned time frame may be difficult to accomplish.

$144.3 billion (2010 est.)

$139.8 billion (2009 est.)

$146.5 billion (2008 est.)

$117.3 billion (2010 est.)

3.2% (2010 est.)

-4.6% (2009 est.)

8.5% (2008 est.)

$51,700 (2010 est.)

$51,900 (2009 est.)

$56,400 (2008 est.)

2.154 million

2.2% (2004 est.)

NA%

13.8% of GDP (2010 est.)

12.6% of GDP (2010 est.)

13.1% of GDP (2009 est.)

3.8% (2010 est.)

4% (2009 est.)

3% (31 December 2009)

3.75% (31 December 2008)

5.9% (31 December 2009)

7.61% (31 December 2008 est.)

$18.12 billion (31 December 2010 est)

$16.38 billion (31 December 2009 est)

$88.71 billion (31 December 2010 est.)

$86.53 billion (31 December 2009 est.)

$96.71 billion (31 December 2010 est.)

$90.71 billion (31 December 2009 est.)

$95.94 billion (31 December 2009)

$107.2 billion (31 December 2008)

$188 billion (31 December 2007)

fish

petroleum, petrochemicals, cement, shipbuilding and repair, water desalination, food processing, construction materials

2.1% (2010 est.)

45.83 billion kWh (2007 est.)

40.21 billion kWh (2007 est.)

0 kWh (2008 est.)

0 kWh (2008 est.)

2.494 million bbl/day (2009 est.)

320,000 bbl/day (2009 est.)

2.349 million bbl/day (2007 est.)

0 bbl/day (2007 est.)

104 billion bbl (1 January 2010 est.)

12.7 billion cu m (2008 est.)

12.7 billion cu m (2008 est.)

0 cu m (2008 est.)

300 million cu m (2009 est.)

1.798 trillion cu m (1 January 2010 est.)

$38.2 billion (2010 est.)

$28.61 billion (2009 est.)

$65.03 billion (2010 est.)

$50.34 billion (2009 est.)

oil and refined products, fertilizers

Japan 17.9%, South Korea 17.31%, India 12.43%, Taiwan 9.07%, US 7.9%, China 7.55%, Singapore 5.48% (2009)

$20.36 billion (2010 est.)

$17.08 billion (2009 est.)

food, construction materials, vehicles and parts, clothing

US 11.18%, China 9.07%, Germany 7.63%, Japan 7.14%, Saudi Arabia 6.24%, Italy 5%, France 4.77%, India 4.09%, UK 4.02% (2009)

$22.42 billion (31 December 2010 est.)

$20.38 billion (31 December 2009 est.)

$56.81 billion (31 December 2010 est.)

$55.23 billion (31 December 2009 est.)

$1.281 billion (31 December 2010 est.)

$1.081 billion (31 December 2009 est.)

$44.31 billion (31 December 2010 est.)

$34.73 billion (31 December 2009 est.)

Kuwaiti dinars (KD) per US dollar - 0.2888 (2010), 0.2877 (2009), 0.2679 (2008), 0.2844 (2007), 0.29 (2006)