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OFID Member Countries

Official country name: State of Kuwait
National capital: Kuwait City
Location: At the north-west extreme of the Gulf, bordered to the north-west by Iraq and to the south by Saudi Arabia.
Area: 17,818 km2


Natural resources: petroleum, natural gas, fish, shrimps
National currency: Kuwaiti dinar (KD)
Principal exports: petroleum & petroleum products, fertilzers
Principal imports: machinery and transport equipment, foodstuffs, textiles and other manufactured goods
   
Year: 2009
Population: 2.93 million (2008)
Average annual population growth rate (2008-15): 2.1%
Adult literacy rate: 94.5% (2007)
Life expectancy at birth (total years, 2007) 77.5
GDP growth (annual %): -1.2% (2009)
GDP current: US$158.09 billion (2008)
GDP per capita: US$54,050 (2008)
   
Structure of Output
(in % total GDP) 2008
 
Agriculture, value added
(% of GDP):
0.0
Industry, value added
(% of GDP):
55%
Manufacturing: 4%
Services, value added
(% of GDP):
45%
   
Exports of goods & services: US$45.68 billion (2009)
Imports of goods & services (annual % growth): 19.2% (2009)
Current account balance
(% of GDP):
19.2% (2009)
Official exchange rate: Rials per US$ 2009: 3.475
   
OFID Ministerial Council Member: HE Mustafa Al-Shimali, Minister of Finance and Chairman of the Board of Directors of Kuwait Investment Authority
OFID Governing Board Representative: Mr. Abdul Wahab Ahmed Al-Bader, Director-General, Kuwait Fund for Arab Economic Development
OFID Governing Board Alternate: Mr. Fawzi Yousef Al-Hunaif, Director of Operations, Kuwait Fund for Arab Economic Development