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WEEKLY NEWSLETTER
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Kuwait
Index
Gross Domestic Product (GDP): In 1990 United
Nations
Development Programme estimated US$15,984 per capita GDP.
Oil Industry: Provided 41 percent of GDP and 87
percent
of government revenues in 1989, 58 percent of government
revenues
in 1990, and 11 percent of government revenues in 1991,
showing
effects of Persian Gulf War. Crude oil production in 1992
(after
oil well restoration during year) about 41 million
barrels,
compared with about 387 million barrels in 1985.
Industry: About 14 percent of GDP in 1989.
Largest
industries petrochemicals and building materials.
Agriculture: Little farming--mostly vegetables
and
fruits. Most food imported. Some fishing.
Exports: US$11.5 billion in 1989; mostly crude
oil and
refined products. Asia and Western Europe main markets.
Imports: US$6.3 billion in 1989--largely such
finished
products as appliances and vehicles from industrialized
nations,
particularly Japan, United States, and Western Europe.
Currency and Exchange Rate: Kuwaiti dinar. On
March 1,
1994, exchange rate US$1 = KD3.55.
Fiscal Year: July 1 to June 30.
Data as of January 1993
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