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But, it's not what's above ground that makes this small country a intricate part in the world's economic community. Kuwait is located upon a large natural gas reserve, as well as one of the top ten largest oil reserves in the world. Kuwait makes use of their fossil fuels to make up for what they are lacking nearby.
Kuwait is a small, rich, relatively open economy with proved crude oil reserves of 94 billion barrels, 10% of world reserves. Petroleum accounts for nearly half of GDP, 90% of export revenues, and 75% of government income. Kuwait's climate limits agricultural development. Consequently, with the exception of fish, it depends almost wholly on food imports...
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