International organization participation: ABEDA, AfDB, AFESD, AL, AMF,
BDEAC, CAEU, CCC, ESCWA, FAO, G-77, GCC, IAEA, IBRD, ICAO, ICC, ICRM,
IDA, IDB, IFAD, IFC, IFRCS, IHO (pending member), ILO, IMF, IMO,
Inmarsat, Intelsat, Interpol, IOC, ISO (correspondent), ITU, NAM,
OAPEC, OIC, OPCW, OPEC, UN, UNCTAD, UNESCO, UNIDO, UPU, WFTU, WHO,
WIPO, WMO, WToO, WTrO
Diplomatic representation in the US: chief of mission: Ambassador MUHAMMAD al-Sabah al-Salim Al SABAH chancery: 2940 Tilden Street NW, Washington, DC 20008 telephone: (202) 966-0702 FAX: (202) 966-0517
Diplomatic representation from the US: chief of mission: Ambassador James A. LAROCCO embassy: Bayan, near the Bayan palace, Kuwait City mailing address: P. O. Box 77 Safat, 13001 Safat, Kuwait; Unit 69000, APO AE 09880-9000 telephone: 539-5307 or 539-5308 FAX: 538-0282
Flag description: three equal horizontal bands of green (top), white, and red with a black trapezoid based on the hoist side
@Kuwait:Economy
Economy - overview: Kuwait is a small, relatively open economy with proved crude oil reserves of about 94 billion barrels - 10% of world reserves. Petroleum accounts for nearly half of GDP, 90% of export revenues, and 75% of government income. Kuwait lacks water and has practically no arable land, thus preventing development of agriculture. With the exception of fish, it depends almost wholly on food imports. About 75% of potable water must be distilled or imported. Higher oil prices reduced the budget deficit from $5.5 billion to $3 billion in 1999, and prices are expected to remain relatively strong throughout 2000. The government is proceeding slowly with reforms. It inaugurated Kuwait's first free-trade zone in 1999 and will continue discussions with foreign oil companies to develop fields in the northern part of the country.
GDP: purchasing power parity - $44.8 billion (1999 est.)
GDP - real growth rate: 1.1% (1999 est.)
GDP - per capita: purchasing power parity - $22,500 (1999 est.)
GDP - composition by sector: agriculture: 0% industry: 55% services: 45% (1996)