The economy of Kuwait is based almost exclusively on oil. The country’s crude oil reserves, of about 94 billion barrels, account for 10 percent of the world supply. The other commercial and economic activities include water desalination plants, oil refineries, cement, bricks and concrete block production, bottling plants, and various light industries. As a consequence of the lack of enough water resources and arable land, development of agriculture, with the exception of fishing, is precluded. On the other hand, pearl diving and trading are also important occupations for the country in addition to the oil industry.
| GDP at Current Market Prices: |
51805.23 million US$ (2004) |
| Per Capita GDP: |
23832.35 US$ (2004) |
| Share of Sectors in GDP: |
0.53% Agriculture, 55.7% Industry, 43.9% Services, (2003) |
| Total Exports: |
22874.95 million US$ (2003) |
| Total Imports: |
- million US$ (2004) |
| Major Exports Items: |
Crude oil and refined products, fertilizers |
| Major Imports Items: |
Foodstuffs, clothing, construction materials, vehicles and parts |
| Major Trading Partners: |
US, Japan, UAE, Saudi Arabia, Italy and Germany |
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