Kuwait is a country with high welfare. Kuwaiti citizens enjoy free medical care, free education and government subsidies for housing, drinking water and electricity. In addition, there are various social allowances, such as marriage allowance and child allowance.
Kuwait's financial management is good. In the mid-1970s, a reserve fund for future generations was established, and 10% of national income was allocated as the reserve fund for future generations every year.
Prepare for "chasing oil" in Kuwait. In addition, Iraq has established a national general reserve. The Kuwaiti government used these two reserves to build a large-scale investment network around the world, and regarded foreign investment as an important way to solve the future national income.
Kuwaitis are good at overseas investment, which has long been recognized by the international financial and economic circles. They have invested heavily in America, Europe, Asia and other places. Since 1985, the annual profit income of foreign capital in Kuwait has exceeded the annual profit of oil export income.
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industry
While focusing on the development of petroleum and petrochemical industries, the Kuwaiti government emphasizes the development of diversified economy, reducing dependence on oil and increasing foreign investment. Industries are mainly oil exploration, smelting and petrochemical industries, and other industries include flour, building materials and food processing. The export quota of the Organization of Petroleum Exporting Countries is 2 million barrels per day, and the actual daily output is 2.6 million barrels.
By 20 1 1, the daily processing capacity of Kuwait crude oil will be greatly increased from 930,000 barrels in 2006 to 6,543,800+0.4 million barrels. The main oil field in Kuwait is Big Burgan oil field located in the southeast of Kuwait. Dabugan Oilfield is the largest sandstone oilfield in the world, and the second largest oilfield in the world after Gaval Oilfield. The daily output of 20 17 crude oil is 2.954 million barrels.
agriculture
The arable land area in Kuwait is about 14 182 hectares, and the soilless culture area is about 156 hectares. The government attaches great importance to the development of agriculture, and the output value of agriculture accounts for 0.5% of GDP. Mainly to produce vegetables, agricultural and livestock products mainly rely on imports. There are abundant fishery resources, such as prawn, grouper and yellow croaker. The annual output is about 6,543,800 tons, and the output value is about 6,543,800 Kuwaiti dinars.
foreign trade
Foreign trade plays an important role in Kuwaiti economy. The main export commodities are petroleum and chemical products, and petroleum exports account for 95% of the total export. Imported goods include machinery, transportation equipment, industrial products, grains and food. The main trade targets are: the United States, Japan, Britain, South Korea, Italy, Germany, the Netherlands, Singapore and so on.
Baidu Encyclopedia-Kuwait