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Kuwait
ECONOMY
Gross Domestic Product (GDP): In 1990 United
Nations Development Programme estimated US$15,984 per capita GDP.
Oil Industry: Provided 41 percent of GDP and
87 percent of government revenues in 1989, 58 percent of government
revenues in 1990, and 11 percent of government revenues in 1991,
showing effects of Persian Gulf War. Crude oil production in 1992
(after oil well restoration during year) about 41 million barrels,
compared with about 387 million barrels in 1985.
Industry: About 14 percent of GDP in 1989. Largest
industries petrochemicals and building materials.
Agriculture: Little farming--mostly vegetables
and fruits. Most food imported. Some fishing.
Exports: US$11.5 billion in 1989; mostly crude
oil and refined products. Asia and Western Europe main markets.
Imports: US$6.3 billion in 1989--largely such
finished products as appliances and vehicles from industrialized
nations, particularly Japan, United States, and Western Europe.
Currency and Exchange Rate: Kuwaiti dinar. On
March 1, 1994, exchange rate US$1 = KD3.55.
Fiscal Year: July 1 to June 30.
Data as of January 1993
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