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Market Brief · KWT

State of Kuwait

A small, relatively open economy dominated by the oil industry and the government sector.

GDP (2011)

$114.04 billion

GDP per capita

$35,490

Oil reserves

101.5 billion barrels

Production

2.8 million b/d

Exports

$115.46 billion

Imports

$33.3 billion

Economic Overview

What we brief clients on

Oil accounts for nearly half of GDP, 95% of export revenues and 80% of government income. Proven reserves of roughly 101.5 billion barrels represent about 10% of the global total.

Non-oil exports — chemicals and manufactured goods — go primarily to Saudi Arabia, the UAE, Indonesia, India and China.

Key industrial sectors include petrochemicals, oil refineries, water desalination, ammonia production and fertilizer manufacturing.

If you have questions about operating practices or legal matters in State of Kuwait, contact us and we are ready to help you.

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