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Kuwait : Complete Profile - What is GIS - World Health Organization

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<strong>Health</strong> Systems <strong>Profile</strong>- <strong>Kuwait</strong> Regional <strong>Health</strong> Systems Observatory- EMRO<br />

agricultural development. Consequently, with the exception of f<strong>is</strong>h, it depends almost<br />

wholly on food imports. In 2003 the GDP per capita estimated to be $18,100.<br />

With its vast reserves of oil and massive overseas investments, <strong>Kuwait</strong>'s economy has<br />

strong fundamentals that are the envy of many. Even in times of slugg<strong>is</strong>h growth, the<br />

continual trade and government revenue surpluses mean that there <strong>is</strong> enough liquidity<br />

to ensure economic activity, although the fact that Government plays such a large role in<br />

the country's economic activity <strong>is</strong> also one of its structural deficiencies. Oil accounts for<br />

95% of Government revenues, 91% of export earnings and 50% of GDP.<br />

However, with the oil markets at their current levels, and the removal of the former Iraqi<br />

regime, confidence, private investment and activity have returned to the <strong>Kuwait</strong>i<br />

economy with real vigour. During 2003, the <strong>Kuwait</strong>i economy recorded one of its best<br />

years, which <strong>is</strong> continuing throughout 2004. GDP grew by 4.6%, the budget surplus<br />

equalled 18% of GDP, the stock market rose by over 80%, private companies are awash<br />

with profits and there <strong>is</strong> also a construction boom. 1<br />

<strong>Kuwait</strong> <strong>is</strong> a country with small number of population, which gives good opportunity for<br />

employment. The labor force accounted to 1.3 million in which 80% of them are non-<br />

<strong>Kuwait</strong><strong>is</strong>. Unemployment was estimated to be 7% in 2002; these are mainly for short<br />

period of time.<br />

There are few other sources of income for <strong>Kuwait</strong> than petroleum production, and<br />

income from the country's investments abroad. The foreign investments come from a<br />

fund that <strong>is</strong> based upon 10% of oil revenues. Industries of <strong>Kuwait</strong> are connected to<br />

petroleum, and <strong>Kuwait</strong> <strong>is</strong> refining its oil. Agriculture and food production <strong>is</strong> limited, and<br />

make up less than 2% of GNP. F<strong>is</strong>hing <strong>is</strong> becoming more and more important, and <strong>is</strong> at<br />

the level of 9,000 tons annually. The infrastructure in the eastern part of <strong>Kuwait</strong> <strong>is</strong> well<br />

developed, and compr<strong>is</strong>e 4,700 km of roads, and an international airport near <strong>Kuwait</strong><br />

City.<br />

Table 2-2 Economic Indicators<br />

Indicators 1990 1995 2000 2002<br />

GNI per Capita (Atlas method)current US$ - 18,200 16,280 16,340<br />

GNI per capita( PPP) Current International - 20,110 $18,720 17,870<br />

GDP per Capita - 14,738 12,586 11,598<br />

GDP annual growth % - -2.18 -0.08 -3.28<br />

Unemployment % - - 0.8 7<br />

External Debt as % of GDP*<br />

-<br />

43.8<br />

(98)<br />

23.9 37.1<br />

Trade deficit: - - - -<br />

Source: *Econom<strong>is</strong>t intelligence unit limited 2004, Country profile 2004<br />

Table 2-3 Major Imports and Exports<br />

Major Exports: Oil and refined products, fertilizers<br />

Major Imports Food, construction materials, vehicles and parts, clothing<br />

Source: CIA factbook: http://www.cia.gov/cia/publications/factbook/geos/ku.html<br />

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