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 counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.”
—Ralph Waldo Emerson (1803–1882)
“It is a greater joy to see the author’s author, than himself.”
—Ralph Waldo Emerson (1803–1882)
“A little philosophy inclineth man’s mind to atheism, but depth in philosophy bringeth men’s minds about to religion.”
—Francis Bacon (1561–1626)