by Max Barry

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The Republic of
Inoffensive Centrist Democracy

Overview Factbook Dispatches Policies People Government Economy Rank Trend Cards

1

The Economy of the United States of Kuwait (WIP)

The Economy of the United States of Kuwait

Kuwait City, Financial Hub of the United States of Kuwait


Currency: Kuwaiti Dollar (KD)

Fiscal Year: October 1 - September 27

Trade Organizations: WTO, OPEC, CAEA, BSEP and others

Country Groups: Developed/Advanced
High Income Economy


Statistics:


Population: 211.1 million (2021 est.)

GDP: $8.8 trillion (2021 est.)

GDP Rank: 3rd (nominal; 2021)
4th (PPP; 2021)

GDP Growth: 1.4% (2020)
1.0% (2021)

GDP Per Capita: 41,686 (2021 est.)

GDP Per Capita Rank: 44th (PPP; 2021)

GDP by Sector:

Agriculture: 5.8%

Industry: 37.1%

Services: 57.1%

Inflation: 1.1% (2021 est.)

Population Below Poverty Line: 9.5% (2021 est.)

Human Development Index:

0.921 Very High (2021)

0.835 Very High IHDI (2021)

Labor Force:

108.25 million (January 2021)

57.0% employment rate (January 2021)

Labor Force by Occupation:

Agriculture: 4.1%

Industry: 40.4%

Services: 55.5%

Unemployment:

2.60% (January 2021)

5.5 million unemployed (January 2021)

Average Gross Salary: $41,609 (2021)

Median Gross Salary: $667 weekly (2021)

Top Main Industries:

Petroleum

Electronics

Arms Manufactoring

Ease-of-doing-business Rank:

12th (very easy, 2021)


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