Monday, January 27, 2014

Rank and Economy

The rank of Kuwait from the poorest is 157 and from the richest is 37 with gdp per capita using atlas method in 2003 is 16,340 $. In other measurements IMF,WB,CIA using nominal method in 2007,2007 and 2008
IMF........................................................WB...................................................CIA
rank/measure.....................................rank/measure.........................................rank/measure
23/33,687................................................---   ..............................................15/44,421
 Kuwait is a small, relatively open economy with proven crude oil reserves of about 96 billion barrels (15.3 km3), i.e., about 10% of world reserves. Petroleum accounts for 43% of GDP, 87% of export revenues, and 75% of government income. Kuwait also export plant 
fertilizers. Kuwait has little arable land, thus preventing reliance on the agriculture sector. Higher oil prices reduced the budget deficitfrom $5.5 billion to $3 billion in 1999, and prices are expected to remain relatively strong throughout the 2000s. It inaugurated Kuwait's first free-trade zone in 1999 and will continue discussions with foreign oil companies to develop fields in the northern part of the country. Kuwait has the second-most free economy in the Middle East.
Other industries include construction, cement, water desalination, agriculture, construction materials and financial services. Kuwait has a well-developed banking system. The National Bank of Kuwait is the largest bank in the country and one of the largest in the Arab world.The Kuwaiti currency is the highest-valued currency unit in the world.               
Kuwait city cityscape.jpg
CurrencyKuwaiti dinar (KD)
Fiscal year1 April–31 March
Trade organisationsWTO and OPEC
Statistics
GDP$200.062 billion[1]
GDP growth8.1% (2008 est.)
GDP per capita$84,309[1]
GDP by sectoragriculture (0.3%), industry (52.2%), services (47.5%) (2007 est.)
Inflation (CPI)2.5%[2]
Population
below poverty line
NA
Labour force2.225 million
Labour force
by occupation
N/A
Unemployment3.2% (2012 est.)
Main industriespetroleumpetrochemicalscement,shipbuilding and repair, desalinationfood processing, construction materials
Ease of doing business rank67th[3]
External
Exports$115.46 billion f.o.b. (2013 est.)
Export goodsoil and refined products, fertilizers
Main export partners South Korea 16.0%
 India 15.7%
 Japan 13.4%
 United States 11.7%
 China 9.2%
 Singapore 4.2% (2012 est.)[4]
Imports$36.54 billion f.o.b. (2013 est.)
Import goodsfood, construction materials, vehicles and parts, clothing
Main import partners United States 11.8%
 China 9.2%
 Saudi Arabia 8.3%
 Japan 8.2%
 South Korea 7.0%
 Germany 5.1%
 Italy 4.7%
 India 4.6%
 United Arab Emirates 4.2% (2012 est.)[5]
Gross external debt$38.82 billion (31 December 2008 est.)
Public finances
Public debt$14.21 billion (29.6% of GDP) (2004 est.)
Revenues$113.3 billion (2008 est.)
Expenses$63.55 billion (2008 est.)
Economic aidN/A
Credit ratingStandard & Poor's:[6]
AA- (Domestic)
AA- (Foreign)
AA+ (T&C Assessment)
Outlook: Stable[7]
Moody's:[7]
Aa2
Outlook: Stable
Fitch:[7]
AA
Outlook: Stable
YearGross Domestic ProductUS Dollar ExchangeInflation Index
(2000=100)
Per Capita Income
(as % of USA)
19807,7640.27 Kuwaiti Dinars55171.08
19856,4500.29 Kuwaiti Dinars6871.58
19905,3280.29 Kuwaiti Dinars8037.00
19958,1140.29 Kuwaiti Dinars9262.14
200011,5700.30 Kuwaiti Dinars10048.92
200521,7830.29 Kuwaiti Dinars10864.35