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Kuwait's small population and substantial oil resources led it to become a Rentier state. The per capita GDP is $55,900. As part of a diversification plan the Kuwaiti government has invested its oil revenues and maintains a sizable sovereign wealth fund. These investment currently account for nearly half of Kuwait's GDP. Because Kuwait's wealth has provided a comfortable standard of living for its citizens it imports most of its labor. Roughly 80% of Kuwait's work force is comprised of foreigners. |
