The economy of Kuwait is a wealthy petroleum-based economy. Kuwait is one of the richest countries in the world. 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.
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- The economy of Kuwait is a wealthy petroleum-based economy. Kuwait is one of the richest countries in the world. The Kuwaiti dinar is the highest-valued unit of currency...
- Kuwait gained independence from the United Kingdom in 1961, and has since developed to become one of the most stable economies in the Middle East region...
- As a result of the COVID-19 pandemic, it dropped to -8.9% in 2020 before rising to 1.3% in 2021 and 8.7% in 2022. Covid 19 effects on the economy of Kuwait.
- Kuwait’s economy holds up against challenges, says central bank.
- However, Kuwait has recognized the need to diversify its economy to reduce its reliance on oil revenues and create a more sustainable and resilient economic...
- Kuwait's economy relies heavily on oil exports, which constitute a significant portion of its export earnings.
- Find Kuwait's latest economic outlook here - with historical data, analysis and expert forecasts from the world’s leading economists.
- The strengthening of Kuwait’s transport and logistics sector is central to the government’s overall diversification drive, as it underpins activity across the economy.
- Kuwait has a geographically small, but wealthy, relatively open economy with crude oil reserves of about 102 billion barrels - more than 6% of world reserves.
- How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies.
- The Economic Report is a comprehensive and up-to-date reference on the performance of the Kuwaiti economy, the developments witnessed in the main sectors...
- Access the latest politics analysis and economic growth summary through 2011 for Kuwait from The Economist Intelligence Unit.
- GDP in Kuwait is expected to reach 167.76 USD Billion by the end of 2024, according to Trading Economics global macro models and analysts expectations.