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:

    The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.
    Henry David Thoreau (1817–1862)

    The British are a self-distrustful, diffident people, agreeing with alacrity that they are neither successful nor clever, and only modestly claiming that they have a keener sense of humour, more robust common sense, and greater staying power as a nation than all the rest of the world put together.
    —Quoted in Fourth Leaders from the Times (1950)

    Man tells his aspiration in his God; but in his demon he shows his depth of experience; and casts light into the cavern through which he worked his cause up to the cheerful day.
    Margaret Fuller (1810–1850)