Saturday, September 18, 2021

Kuwait

AsiaKuwait

Kuwait, officially the Republic of Kuwait, is a nation in Western Asia. It has borders with Iraq and Saudi Arabia and is located on the northern edge of Eastern Arabia near the point of the Persian Gulf. Kuwait has a population of 4.2 million people as of 2014, with 1.3 million Kuwaitis (30.95 percent) and 2.9 million expats (69.05 percent).

In 1938, oil deposits were found. Between 1946 and 1982, the nation experienced a massive modernisation process. Kuwait had a period of geopolitical turmoil and economic catastrophe in the 1980s, after the stock market collapse. Iraq attacked Kuwait in 1990. Iraq’s occupation came to an end in 1991 as a result of coalition troops intervening militarily. At the conclusion of the war, significant efforts were made to rehabilitate the economy and restore the nation’s infrastructure.

Kuwait is a constitutional monarchy with a high-income economy bolstered by the sixth biggest oil reserves in the world. Kuwaiti dinar is the world’s most valuable currency. The World Bank ranks the nation fourth in terms of per capita income. Kuwait became the region’s most democratic nation in 1962, when the constitution was adopted.

70% of the population are expats, while 30% are Kuwaiti nationals. Kuwait earned the highest Human Development Index rating in the Arab world from 2001 to 2009. Kuwait is a regional leader in terms of gender equality, having the region’s lowest Global Gender Gap rating.

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