Kuwait
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Kuwait has a geographically small, but wealthy, relatively open economy with crude oil reserves of about 102 billion barrels - about 7% of world reserves. The average economic growth over the past 10 years was 4.7 percent, while surplus generated by oil proceeds increased from USD 14 billion in 2001 to USD 41 billion in 2010. Petroleum accounts for nearly half of GDP, 95% of export revenues, and 95% of government income. Kuwaiti officials have committed to increasing oil production to 4 million barrels per day by 2020. In 2010, Kuwait passed an economic development plan that pledges to spend up to $130 billion over five years to diversify the economy away from oil, attract more investment, and boost private sector participation in the economy. According to IMF reports, Kuwait has maintained a largely stable macroeconomic environment and showed strong macroeconomic outcomes in recent years, but it still faces challenges to improve its physical and social infrastructure and to diversify its economic base. The economy remains oil dominated and the private sector is largely dependent on government spending and expatriate labour. The labour market is highly segmented: Kuwaiti nationals work primarily in the public sector—about 80 per cent of the Kuwaiti labour force is employed in the public sector—and Kuwaitis constitute only 7 per cent of the private sector labour force, while expatriates are employed mostly in the private sector. Kuwait has kept strong ratings by Standard and Poor's Ratings Service on its financial position with a stable outlook. The rating agency put the State of Kuwait at "AA" for long-term ratings, and "A-1+" for short-term ratings with a stable outlook for this rating. The ratings on Kuwait are supported by the sovereign rich resource, which has led to high levels of wealth and enabled it to build very strong external and fiscal balance sheet positions.
Essential Information Area: 17,820 sq km. Education Visas are required by all visitors except passport holders from Bahrain, Oman, Qatar, Saudi Arabia and the UAE. Transit passengers with a through booking on the same aircraft, to a third country are exempt. Passengers in transit who will be leaving the country within 24 hours are also exempt, provided they do not leave the transit area; i.e. they do not legally enter the country.
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Basic Economic Indicators
Kuwait: Economic and International trade indicators {arimodule id="668" comment="Kuwait Economic Indicators"}{/arimodule} Source: IMF, CIA factbook.
{mprestriction ids="1,2,3"}
Economic growth
Kuwait: Real GDP growth (oil and Non-oil growth) {arimodule id="669" comment="Kuwait: Real GDP growth (oil and non-oil growth) "}{/arimodule} Source: IMF
Kuwait: GDP growth (Historical data) {arimodule id="659" comment="Kuwait: Real GDP growth (1980-2017)"}{/arimodule}
Size of the economy: GDP ($ Billion) {arimodule id="658" comment="Kuwait: Nominal GDP "}{/arimodule}Source: IMF Source: IMF
Kuwait: Gross Domestic Product by economic activity 2010
{arimodule id="660" comment="Kuwait: GDP by kind of economic activity"}{/arimodule} Source: IMF
Kuwait: Current account balance ($ Billions) {arimodule id="661" comment="Kuwait: Current Account Balance "}{/arimodule} Source: IMF
Kuwait: Total Government Debt (% GDP) {arimodule id="670" comment="Kuwait Total Govt. Debt (% of GDP)"}{/arimodule} Source: IMF
Ease of Doing Business Rank 2015 {arimodule id="590" comment="Ease of Doing Business Rank 2015"}{/arimodule} Source: World Bank
Foreign Trade and Foreign Investment
Kuwait total exports and imports ($ billion) {arimodule id="663" comment="Kuwait: Exports and Imports "}{/arimodule} Source: IMF
Kuwait: Foreign Direct Investment (FDI) {arimodule id="664" comment="Kuwait: Foreign direct investment flows (FDI)"}{/arimodule} Source: UNCTAD
Energy Sector
Oil Reserves by country 2015 (Trillion Cubic Feet)
{arimodule id="603" comment="Oil Reserves 2015"}{/arimodule}
Source: EIA
Gas Reserves by country 2015 (Billion Barrels)
{arimodule id="602" comment="Gas Reserves 2015"}{/arimodule}
Source: EIA
Oil Price
Crude Oil Export Price (US$/bbl)
{arimodule id="599" comment="Crude Oil Export Price 2012-2019 "}{/arimodule} Source: IMF
Kuwait: Oil supply and Exports (Thousand Barrels Per Day) {arimodule id="665" comment="Kuwait: Total Oil Supply and Exports "}{/arimodule}Source: IMF
Kuwait: Dry Natural Gas Production (Billion Cubic Feet) {arimodule id="666" comment="Kuwait: Dry Natural Gas Production "}{/arimodule} Source: IMF
Kuwait: Oil Exports by Destination 2013 {arimodule id="667" comment="Kuwait: Oil exports by destination"}{/arimodule}Source: EIA
Trade between Switzerland and Kuwait
Swiss total Exports to the Arab World by Country 2014: Swiss Francs
{arimodule id="301" comment="Swiss total exports to the Arab world 2014, by country: Swiss Francs"}{/arimodule}
Source of data: Swiss customs
Swiss total Exports to the Arab World 2014: (Portion of total exports)
{arimodule id="300" comment="Swiss total exports to the Arab world 2014: Swiss Francs"}{/arimodule}
Source of data: Swiss customs
Swiss Total Imports from the Arab world by country 2014: Swiss francs
{arimodule id="292" comment="Swiss Imports from the Arab world 2014"}{/arimodule}
Source: Swiss customs
Swiss Total Imports from the Arab world 2014 (Portion of the total imports)
{arimodule id="302" comment="Swiss Total Imports from the Arab world 2014 (Portion)"}{/arimodule}
Source: Swiss customs
Swiss exports/imports with the Arab world (Million CHF)
{arimodule id="516" comment="Swiss main exports, imports with the Arab world 2014 (Million CHF)"}{/arimodule}
Source: Swiss customs
Swiss main exports/imports with Kuwait 1985-2014 (Million CHF)
{arimodule id="526" comment="Swiss main exports/imports with Kuwait 2007-2014"}{/arimodule} Source: Swiss customs
Swiss main exports/imports with the Gulf region 1985-2014 (Million CHF)
{arimodule id="540" comment="Swiss main exports/imports with Gulf Region 1984-2014"}{/arimodule} Source: calculations based on Swiss customs data
Swiss main exports to the Arab world 2014 (CHF)
{arimodule id="544" comment="Swiss main exports to the Arab world 2014 (CHF)"}{/arimodule}
Swiss main Imports from the Arab world 2014
{arimodule id="545" comment="Swiss main imports from the Arab world 2014 (CHF)"}{/arimodule} Source: Swiss customs
Swiss main exports to Kuwait 2014 (Million CHF)
{arimodule id="560" comment="Swiss main exports to Kuwait 2014 (CHF)"}{/arimodule} Source: Swiss customs
Swiss main imports from Kuwait 2014 (Million CHF)
{arimodule id="561" comment="Swiss main imports from Kuwait 2014 (CHF)"}{/arimodule} Source: Swiss customs
{/mprestriction}
Swiss Exports to the Arab world by commodity comparaisons between the Arab countries
Swiss Imports from the Arab world by commodity comparaisons between the Arab countries
