The Food Capital  

Kuwaiti Economy:

Kuwait has a geographically small, but wealthy, relatively open economy with crude oil reserves of about 102 billion barrels - more than 6% of world reserves. Kuwaiti officials plan to increase oil production to 4 million barrels per day by 2020. Petroleum accounts for over half of GDP, 94% of export revenues, and 89% of government income. For the last decade, high oil prices have generated budget surpluses despite increasing budget expenditures, particularly on wage hikes for public sector employees. Despite Kuwait’s dependence on oil, the government has cushioned itself against the impact of lower oil prices by continuous saving of at least 10% of government revenue in the Fund for Future Generations. (CIA - The World Factbook).

Kuwaiti Cuisine:

Kuwaiti cuisine is an infusion of Arabian, Persian, Indian, and Mediterranean cuisines. A prominent dish in Kuwaiti cuisine is machboos, a rice-based specialty usually prepared with basmati rice seasoned with spices, and chicken, or mutton.

Kuwait

Capital: Kuwait City
Dialing code: +965
ISO code: KWT
Currency: Kuwaiti dinar
Population: 3.369 million (2013) World Bank

Kuwaiti The Country:

Kuwait Listeni/kuːˈweɪt/ (Arabic: دولة الكويت‎ About this sound Dawlat al-Kuwait), officially the State of Kuwait, is a country in Western Asia. Situated in the northern edge of Eastern Arabia at the tip of the Arabian Gulf, it shares borders with Iraq and Saudi Arabia. As of 2014, Kuwait has a population of 4.1 million people; 1.2 million are Kuwaitis and 2.8 million are expatriates.[5] (Wikipedia).


Kuwait is the most democratic state in the Gulf Cooperation Council. Thanks to the high standard of living enjoyed by Kuwaiti citizens as well as the strict controls on the large expatriate workforce (Business Monitor International). 

FACTS MATTER.

Kuwait Food:

Kuwaitis are well known for their hospitality and generosity. So expect to be treated well when visiting Kuwait.


Food plays and important role in the Kuwaiti culture. There is no such thing as Kuwaiti restaurant anywhere in the world—Kuwaiti food can only be eaten at Kuwaiti homes. the most popular dish is the "Machboos", which is chicken, beef or fish over a specially spiced rice. Lunch is the main meal in Kuwait, and it is extremely important for families to feast together—It is like Thanksgiving everyday.

Kuwaiti tea is usually served after lunch. Kuwaiti tea is just regular hot tea, but many families add some flavors to it such as saffron or mint. Arabic coffee is also very important especially when Kuwaitis have visitors. Traditionally, when people visit, the first thing served should be the Arabic coffee. (Source: http://iml.jou.ufl.edu/projects/spring06/eisa/index.html).

In numbers

FACTS ABOUT KUWAIT

Kuwait In Numbers:

GDP (purchasing power parity):
$282.6 billion (2014 est.)
$282.3 billion (2013 est.)
$280 billion (2012 est.)
note: data are in 2014 US dollars
country comparison to the world: 54

GDP - per capita (PPP):
$70,700 (2014 est.)
$70,600 (2013 est.)
$70,000 (2012 est.)
note: data are in 2014 US dollars
country comparison to the world: 10


Gross national saving:
46.3% of GDP (2014 est.)
56.6% of GDP (2013 est.)
58.7% of GDP (2012 est.)
country comparison to the world: 6


GDP - composition, by end use:
household consumption: 28.2%
government consumption: 19.4%
investment in fixed capital: 15.8%
investment in inventories: 0%
exports of goods and services: 67.9%
imports of goods and services: -31.3%
(2014 est.)


GDP - composition, by sector of origin:
agriculture: 0.4%
industry: 60.6%
services: 39% (2014 est.)


Agriculture - products:
fish


Industries:
petroleum, petrochemicals, cement, shipbuilding and repair, water desalination, food processing, construction materials


Industrial production growth rate:
-1.3% (2014 est.)
country comparison to the world: 176


Labor force:
2.397 million
note: non-Kuwaitis represent about 60% of the labor force (2014 est.)
country comparison to the world: 116


Unemployment rate:
3% (2014 est.)
3% (2013 est.)
country comparison to the world: 22


Budget:
revenues: $87.62 billion
expenditures: $75.28 billion (2014 est.)
Taxes and other revenues:
50.8% of GDP (2014 est.)
country comparison to the world: 15


Budget surplus (+) or deficit (-):
7.1% of GDP (2014 est.)
country comparison to the world: 9


Public debt:
6.5% of GDP (2014 est.)
6.1% of GDP (2013 est.)
country comparison to the world: 170


Fiscal year:
1 April - 31 March
Inflation rate (consumer prices):
2.9% (2014 est.)
2.7% (2013 est.)
country comparison to the world: 123


Exports:
$103.4 billion (2014 est.)
$115.9 billion (2013 est.)
country comparison to the world: 38


Exports - commodities:
oil and refined products, fertilizers
Exports - partners:
South Korea 16.7%, India 14.9%, Japan 12.3%, US 11.3%, China 9.9% (2014)


Imports:
$27.38 billion (2014 est.)
$25.66 billion (2013 est.)
country comparison to the world: 69


Imports - commodities:
food, construction materials, vehicles and parts, clothing
Imports - partners:
US 12.7%, China 11.9%, Saudi Arabia 7.1%, South Korea 6.9%, Japan 6.6%, Germany 4.8%, India 4.2% (2014)


Reserves of foreign exchange and gold:
$31.43 billion (31 December 2015 est.)
$32.23 billion (31 December 2014 est.)
country comparison to the world: 48


Debt - external:
$35.22 billion (31 December 2014 est.)
$36.04 billion (31 December 2013 est.)
country comparison to the world: 71


Stock of direct foreign investment - at home:
$3.882 billion (31 December 2014 est.)
$3.744 billion (31 December 2013 est.)
country comparison to the world: 101


Stock of direct foreign investment - abroad:
$36.85 billion (31 December 2014 est.)
$33.12 billion (31 December 2013 est.)
country comparison to the world: 45


Exchange rates:
Kuwaiti dinars (KD) per US dollar -
0.2845 (2014 est.)
0.2845 (2013 est.)
0.28 (2012 est.)
0.276 (2011 est.)
0.2866 (2010 est.)

(Source: CIA - The World Factbook).