Kuwait is a wealthy petroleum-based economy and the fifth richest country in the world by gross national income per capita. It’s OPEC’s 5th largest producer, and is home to 101 billion barrels in proven oil reserves, the 7th largest in the world. Indeed, Kuwait’s oil reserves are considerably bigger than the U.S.’ ~70 billion barrels. Unfortunately, similar to many OPEC producers, Kuwait’s economy is too reliant on oil.
