A Case to Study

capital of capital of Kuwait Located in the nitty-gritty East, bordering the Persian Gulf, between Iraq and Saudi Arabia, Kuwait is a dry desert state with intensely hot summers & short, cool winters. The emirate covers an area of 17,820 square kilometers (6,880 sq mi) and has a macrocosm of about 2.7 million. Kuwait is a constitutional monarchy with a parliamentary system of government, with Kuwait City serving as the coarses political and economic capital. The land has the pieces fifth largest crude reserves and petroleum products now account for nearly 95% of export revenues, and 80% of government income. Kuwait is the eleventh richest country in the world per capita. In two hundred7, it had the senior highest human development major power (HDI) in the Arab world. Kuwait is classified as a high income economy by the World Bank and is designated as a major non-NATO ally of the United States. Kuwait has a gross domestic product (PPP) of US$167.9 billion and a per capita income of US$81,800, making it the fifth richest country in the world. Kuwaits human development index number (HDI) stands at 0.912, the second highest in Middle East afterward Israel, and the highest in the Arab world. With a GDP growth rate of 5.7%, Kuwait has one of the fastest growing economies in the region.

According to the 2008 king of Economic Freedom, Kuwait has the second-most free economy in the Middle East. In March 2007, Kuwaits foreign exchange reserves stood at US$213 billion. The Kuwait Stock Exchange, which has about 200 firms listed, is the second-largest stock exchange in the Arab world with a resume market capitalization of US$235 billion. In 2007, the Kuwaiti government posted a bud go through surplus of US$43 billion. Kuwait has a proven crude oil reserves of 104 billion barrels (15 km³),[49] estimated to be 10% of the worlds reserves. According to the Kuwaiti constitution, all natural resources in the country and associated revenues are government property. Being a tax-free country, Kuwaits oil industry accounts for 80% of government revenue.... If you want to get a full essay, order it on our website: Ordercustompaper.com

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