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General information Kuwait
The State of Kuwait is a constitutional monarchy on the coast of the Persian Gulf, enclosed by Saudi Arabia to the south and Iraq to the north and west. The name is a diminutive of an Arabic word meaning "fortress built near water"
Kuwait is a highly industrialized country with a GDP (PPP) of US$ 88.7 billion and a per capita income of US$ 29,566. Kuwait's human development index (HDI) stands at 0.871, the second highest in Middle East and the highest in the Arab world. Kuwait has a proven crude oil reserves of 96 billion barrels (15 km³), estimated to be 10% of the world's reserves.
Petroleum and petrochemicals accounts for nearly half of GDP, 95% of export revenues, and 80% of government income. Other major industries include shipping, construction and financial services. Kuwait's climate limits agricultural development. Consequently, with the exception of fish, it depends almost wholly on food imports. About 75% of potable water must be distilled or imported. Higher oil prices put the FY99/00 budget into a €1.7 billion ($2 billion) surplus. The FY00/01 budget covers only nine months because of a change in the fiscal year. The budget for FY01/02 envisioned higher expenditures for salaries, construction, and other general categories. Kuwait continues its discussions with foreign oil companies to develop fields in the northern part of the country. By 1990, the country earned more from foreign investment than from oil exports. The expenses of the Iraqi invasion and post-war reconstruction placed a heavy economic burden on the country, but by the mid-1990s Kuwait had resumed its pre-invasion prosperity. The Central Bank of Kuwait issues Kuwait’s currency, the Kuwaiti dinar. The dinar is currently the highest valued currency unit in the world. Major trading partners include Japan, United States, People's Republic of China, United Kingdom, Saudi Arabia, Singapore, Pakistan and India.
FlagThe flag of Kuwait (Arabic: ??? ???????) was adopted on September 7, 1961 and officially hoisted November 24, 1961.
In 2005, it became the design of the world's largest kite at a size of 1019 square meters. It was made in New Zealand by Peter Lynn, officially launched in Kuwait, and has not been beaten since then.