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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, shrimp
Structure of output (value added, % of GDP): n/a
Population: 2.0 million (2001)
Urban population: 96.1%
Life expectancy at birth, total (years, 2000): 76.6
Population growth rate: 3.0% (2001)
Principal exports: petroleum, petroleum products, and manufactures
Exports of goods and services: US$13.92 billion (1999)
Principal imports: ffood and live animals, machinery and transport equipment, iron, steel, textiles and other manufactured goods, chemicals and related products
Imports of goods and services: US$10.96 billion (1999)
GDP: US$28.6 billion (2001)
Average Annual growth: 0.6% (2001)
GDP: US$32.8 billion (2001)
Inflation (annual %): 1.7% (2000)
Total external debt: US$29.0 billion (1999)
Total debt service: US$5.3 billion (1999)
Debt service (% of exports of goods and services, 2000): n/a
National currency: Kuwaiti dinar (KD)
Average Exchange Rate: KD 0.307 = US$1 (2001)
OPEC Fund Ministerial Council Member: H.E. Mustafa Al-Shimali, Minister of Finance, Ministry of Finance and Chairman of the Board of Directors of the Kuwait Investment Authority
OPEC Fund Governing Board Representative: Mr. Abdul Wahab Ahmed Al-Bader, Director-General, Kuwait Fund for Arab Economic Development
OPEC Fund Governing Board Alternate: Mr. Fawzi Yousef Al-Hunaif, Director of Operations, Kuwait Fund for Arab Economic Development