shocks.

GDP (purchasing power parity):

$140 billion (2007 est.)

GDP (official exchange rate):

$111.3 billion (2007 est.)

GDP - real growth rate:

4.7% (2007 est.)

GDP - per capita (PPP):

$55,900 (2007 est.)

GDP - composition by sector:

agriculture: 0.3%
industry: 52.4%
services: 47.3% (2007 est.)

Labor force:

2.093 million
note: non-Kuwaitis represent about 80% of the labor force (2007 est.)

Labor force - by occupation:

agriculture: NA%
industry: NA%
services: NA%

Unemployment rate:

2.2% (2004 est.)

Population below poverty line:

NA%

Household income or consumption by percentage share:

lowest 10%: NA%
highest 10%: NA%

Investment (gross fixed):

19.7% of GDP (2007 est.)

Budget:

revenues: $85.28 billion
expenditures: $37.77 billion (2007 est.)

Fiscal year:

1 April - 31 March

Public debt:

9.7% of GDP (2007 est.)

Inflation rate (consumer prices):

5.5% (2007 est.)

Central bank discount rate:

6.25% (31 December 2007)

Commercial bank prime lending rate:

8.54% (31 December 2007)

Stock of money:

$15.12 billion (31 December 2007)

Stock of quasi money:

$55.2 billion (31 December 2007)

Stock of domestic credit:

$78.25 billion (31 December 2007)

Agriculture - products:

practically no crops; fish

Industries:

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

Industrial production growth rate:

1.7% (2007 est.)

Electricity - production:

44.75 billion kWh (2006 est.)

Electricity - consumption:

39.54 billion kWh (2006 est.)

Electricity - exports:

0 kWh (2007 est.)

Electricity - imports:

0 kWh (2007 est.)

Electricity - production by source:

fossil fuel: 100%
hydro: 0%
nuclear: 0%
other: 0% (2001)

Oil - production:

2.613 million bbl/day (2007 est.)

Oil - consumption:

334,700 bbl/day (2006 est.)

Oil - exports:

2.356 million bbl/day (2005)

Oil - imports:

8,022 bbl/day (2005)

Oil - proved reserves:

104 billion bbl (1 January 2008 est.)

Natural gas - production:

12.5 billion cu m (2006 est.)

Natural gas - consumption:

12.5 billion cu m (2006 est.)

Natural gas - exports:

0 cu m (2007 est.)

Natural gas - imports:

0 cu m (2007 est.)

Natural gas - proved reserves:

1.586 trillion cu m (1 January 2008 est.)