lomatic representation:
chief of mission:
Ambassador-designate Ryan CROCKER
embassy:
Bneid al-Gar (opposite the Kuwait International Hotel), Kuwait City
mailing address:
P.O. Box 77 SAFAT, 13001 SAFAT, Kuwait; Unit 69000, Kuwait; APO AE
09880-9000
telephone:
[965] 242-4151 through 4159
FAX:
[956] 244-2855
Flag:
three equal horizontal bands of green (top), white, and red with a
black trapezoid based on the hoist side

@Kuwait, Economy

Overview:
Kuwait is a small and relatively open economy with proven crude oil
reserves of about 94 billion barrels - 10% of world reserves. Kuwait
has rebuilt its war-ravaged petroleum sector; its crude oil production
reached at least 2.0 million barrels per day by the end of 1993. The
government ran a sizable fiscal deficit in 1993. Petroleum accounts
for nearly half of GDP and 90% of export and government revenues.
National product:
GDP - purchasing power equivalent - $25.7 billion (1993 est.)
National product real growth rate:
15% (1993 est.)
National product per capita:
$15,100 (1993 est.)
Inflation rate (consumer prices):
3% (1993)
Unemployment rate:
NEGL% (1992 est.)
Budget:
revenues:
$9 billion
expenditures:
$13 billion, including capital expenditures of $NA (FY93)
Exports:
$10.5 billion (f.o.b., 1993 est.)
commodities:
oil
partners:
France 16%, Italy 15%, Japan 12%, UK 11%
Imports:
$6 billion (f.o.b., 1993 est.)
commodities:
food, construction materials, vehicles and parts, clothing
partners:
US 35%, Japan 12%, UK 9%, Canada 9%
External debt:
$7.2 billion (December 1989 est.)
note:
external debt has grown substantially in 1991 and 1992 to pay for
restoration of war damage
Industrial production:
growth rate NA%; accounts for NA% of GDP
Electricity:
capacity:
6,873,000 kW available out of 7,398,000 kW due to Persian Gulf war
production:
12.264 billion kWh
consumption per capita:
8,890 kWh (1992)
Industries:
petroleum, petrochemicals, desalination, food processing, building
materials, salt, construction
Agriculture:
practically none; dependent on imports for food; about 75% of potable
water must be distilled or imported
Economic aid:
donor:
pledged bilateral aid to less developed countries (1979-89), $18.3
billion
Currency:
1 Kuwaiti dinar (KD) = 1,000 fils
Exchange rates:
Kuwaiti dinars (KD) per US$1 - 0.2982 (January 1994), 0.3017 (1993),
0.2934 (1992), 0.