Kuwait, a land of petroleum, financial services, sovereign wealth fund, and a state-funded healthcare system

Beyond shocking household behaviors against foreign household workers, the dynamics are very exciting in Kuwait in terms of economic growth.

Kuwait has a petroleum-based economy with a market of + 4 million consumers. According to the World Bank, Kuwait is the fourth richest country in the world per capita. Petroleum accounts for half of GDP and 90% of government income. Non-petroleum industries include financial services.

Kuwait is a major source of foreign economic assistance to other states through the Kuwait Fund for Arab Economic Development.

Kuwait has proven crude oil reserves of 104 billion barrels, estimated to be 10% of the world's reserves. According to the constitution, all natural resources in the country are state property.

The Kuwait Investment Authority (KIA) is Kuwait's sovereign wealth fund specializing in foreign investment. The Kuwaiti government has directed investments into Europe, United States and Asia Pacific. As of 2015, the holdings were valued at $592 billion in assets. It is the 5th largest sovereign wealth fund in the world.

Kuwait has a leading position in the financial industry in the GCC; the abyss that separates Kuwait from its Gulf neighbors in terms of tourism, transport, and other measures of diversification is absent in the financial sector.

Kuwait has a state-funded healthcare system, which provides treatment without charge to Kuwaiti nationals. There are outpatient clinics in every residential area in Kuwait. A public insurance scheme exists to provide reduced cost healthcare to expatriates. Private healthcare providers also run medical facilities in the country, available to members of their insurance schemes. The Sheikh Jaber Al-Ahmad Hospital is the largest hospital in the Middle East. 

Between 2010 and 2016, Kuwait registered the highest growth in patents in the Arab world.

Kuwait has the highest literacy rate in the Arab world.

In 2016, the tourism industry generated nearly $500 million in revenue. The annual "HalaFebrayer" festival attracts many tourists from neighboring GCC countries.

Yachting is a popular activity; Kuwait is the largest leisure boat market in the Gulf region.

Kuwait has an extensive and modern network of highways.

There are two airports in Kuwait. Kuwait International Airport serves as the principal hub for international air travel. State-owned Kuwait Airways is the largest airline in the country.

Kuwait has one of the largest shipping industries in the region. The Kuwait Ports Public Authority manages and operates ports across Kuwait. The country’s principal commercial seaports are Shuwaikh and Shuaiba.