Names: conventional long form: State of Kuwait conventional short form: Kuwait local long form: Dawlat al Kuwayt local short form: Al Kuwayt
Capital City: Kuwait
Population: 2,418,393 note: includes 1,291,354 non-nationals (July 2006 est.)
GDP Per Capita: $21,600 (2006 est.)
Currency: Kuwaiti dinar (KD)
Languages: Arabic (official), English widely spoken
Total Area: total: 17,820 sq km land: 17,820 sq km water: 0 sq km slightly smaller than New Jersey
Region: Asia
Industries: petroleum, petrochemicals, cement, shipbuilding and repair, desalination, food processing, construction materials
Agriculture: practically no crops; fish
Resources: petroleum, fish, shrimp, natural gas
Labor Force:
1.136 million note: non-Kuwaitis represent about 80% of the labor force (2006 est.)
agriculture: NA% industry: NA% services: NA%
Exports:
$56.06 billion f.o.b. (2006 est.)
oil and refined products, fertilizers
Imports:
$19.12 billion f.o.b. (2006 est.)
food, construction materials, vehicles and parts, clothing
Overview:
Kuwait is a small, rich, relatively open economy with self-reported crude oil reserves of about 96 billion barrels - 10% of world reserves. Petroleum accounts for nearly half of GDP, 95% of export revenues, and 80% of government income. Kuwait's climate limits agricultural development. Consequently, with the exception of fish, it depends almost wholly on food imports. About 75% of potable water must be distilled or imported. Kuwait continues its discussions with foreign oil companies to develop fields in the northern part of the country. High oil prices in recent years have helped build Kuwait's budget and trade surpluses and foreign reserves. As a result of this positive fiscal situation, the need for economic reforms is less urgent and the government has not earnestly pushed through new initiatives.
In 2007 Missouri exported $36,850,315 in goods to Kuwait. This ranks Kuwait 34th among the 223 international buyers of Missouri goods. Missouri exports to Kuwait decreased from the previous year by $2,788,751 a change of -7.04%. State exports to Kuwait have increased over the last 5 years by $28,984,295 a change of 368.47%. Missouri exports account for .27%. of all 2007 US exports to Kuwait.
| NAICS Industry | Annual | ||||||
|---|---|---|---|---|---|---|---|
| 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | ||
| 000 - Total All Industries MO | 7,866,020 | 7,587,224 | 25,805,329 | 20,833,459 | 39,639,066 | 36,850,315 | |
| 000 - Total All Industries US | 1,014,660,842 | 1,509,073,337 | 1,519,589,278 | 1,974,364,173 | 2,134,943,276 | 2,485,216,682 | |