Economy of Kuwait - Economy in Greater Depth

Economy in Greater Depth

Kuwait is one of the richest countries in the Muslim world. Current GDP per capita reached astonishing peak growth of 439% in the 1970s. But this proved unsustainable and contracted by 58% in the 1980s. However rising global oil demand helped register growth of 91% in the 1990s. Diversification is a long-term issue for this over-exposed economy.

Read more about this topic:  Economy Of Kuwait

Famous quotes containing the words economy, greater and/or depth:

    War. Fighting. Men ... every man in the whole realm is in the army.... Every man in uniform ... An economy entirely geared to war ... but there is not much war ... hardly any fighting ... yet every man a soldier from birth till death ... Men ... all men for fighting ... but no war, no wars to fight ... what is it, what does it mean?”
    Doris Lessing (b. 1919)

    It is almost everywhere the case that soon after it is begotten the greater part of human wisdom is laid to rest in repositories.
    —G.C. (Georg Christoph)

    Manners are the happy way of doing things; each once a stroke of genius or of love—now repeated and hardened into usage. They form at last a rich varnish, with which the routine of life is washed, and its details adorned. If they are superficial, so are the dewdrops which give such depth to the morning meadows.
    Ralph Waldo Emerson (1803–1882)