Kuwait consists mostly of desert and little difference in altitude. It has nine islands, the largest one being Bubiyan, which is linked to the mainland by a concrete bridge. (Following Kuwait's liberation in 1991, the island was converted to a military base from which civilians are barred.) The islands are:
Auhah Island,
Bubiyan Island,
Failaka Island,
Kubbar Island,
Miskan Island,
Qaruh Island,
Umm al Maradim Island,
Umm an Namil Island,
Warbah Island.
Kuwait, for the size of the country, is a rich and a relatively open economy with proven crude oil reserves of 96 billion barrels (15 km3), estimated to be 10% of the world's reserves. Petroleum accounts for nearly half of GDP, 95% of export revenues, and 80% of government income. 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 postwar reconstruction placed a heavy economic burden on the country, but by the mid-1990s Kuwait had resumed its pre-invasion prosperity. Gross domestic product (GDP) for 2005 was $53.31 billion, giving Kuwait a per-capita GDP of $22,800. The labour force totals 2,335,648 people, with only about two fifths of this number equalling the citizens that are of Kuwaiti Nationality.[1]The Central Bank of Kuwait in the capital city issues Kuwait’s currency, the Kuwaiti dinar. The dinar is currently valued at 0.351676 KWD per 1EUR and at 0.292010 KWD per 1USD making it the highest valued currency unit in the world.
