sat, Intelsat,
Interpol, IOC, ISO (correspondent), ITU, NAM, OAPEC, OIC, OPEC, UN,
UNCTAD, UNESCO, UNIDO, UPU, WFTU, WHO, WMO, WToO, WTrO
Diplomatic representation in the US:
chief of mission: Ambassador MUHAMMAD al-Sabah al-Salim Al SABAH
chancery: 2940 Tilden Street NW, Washington, DC 20008
telephone: [1] (202) 966-0702
FAX: [1] (202) 966-0517
Diplomatic representation from the US:
chief of mission: Ambassador James LAROCCO
embassy: Bneid al-Gar (opposite the Kuwait International Hotel),
Kuwait City
mailing address: P.O. Box 77, SAFAT, 13001 SAFAT, Kuwait; Unit 69000,
APO AE 09880-9000
telephone: [965] 539-5307 or 539-5308
FAX: [965] 538-0282
Flag description: three equal horizontal bands of green (top), white,
and red with a black trapezoid based on the hoist side
@Kuwait:Economy
Economy-overview: Kuwait is a small and relatively open economy with
proved crude oil reserves of about 94 billion barrels-10% of world
reserves. Kuwait has rebuilt its war-ravaged petroleum sector; its
crude oil production averaged 2 million barrels per day in 1996.
Petroleum accounts for nearly half of GDP, 90% of export revenues, and
75% of government income. Kuwait lacks water and has practically no
arable land, thus preventing development of agriculture. With the
exception of fish, it depends almost wholly on food imports. About 75%
of potable water must be distilled or imported. Because of its high
per capita income, Kuwait provides its citizens with extensive health,
educational, and retirement benefits. The bulk of the work force is
non-Kuwaiti, living at a considerably lower level. Per capita military
expenditures are among the highest in the world. The economy improved
moderately in 1994-97, with the growth in industry and finance. The
World Bank has urged Kuwait to push ahead with privatization,
including in the oil industry, but the government will move slowly on
opening the petroleum sector.
GDP: purchasing power parity-$46.3 billion (1997 est.)
GDP-real growth rate: 1% (1997 est.)
GDP-per capita: purchasing power parity-$22,300 (1997 est.)
GDP-composition by sector:
agriculture: 0%
industry: 53%
services: 47% (1996)
Inflation rate-consumer price index: 3.2% (1996)
Labor force:
total: 1.1 million (1996 est.)
by occupation: government and social services 50%, services 40%,
industry and agriculture 10% (1996 est.)
note: 68% of the population in the 15-64 age group is non-national
(July 1998 est.)
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