Essay on the Kuwait Economy

According to the information from the World Bank this country is at the fourth spot in the world richest county. The gross domestic product of Kuwait is around 176 billion only in 2011 and there economy is on the 51 spot in the world. This country is still dependent on the petroleum resources. Due to this that country is facing many issues regarding their economy. The Kuwait Stock Exchange plays a very important role in increasing the economy of Kuwait by improving the import and export. Their economy is stable after 2011 because Kuwait Stock Exchange was involve in improving the economy by enhancing their government sectors. After 2011 the Kuwait Stock Exchange focus on the government sectors so due to this their economy boost up in very quite manner and change the figure of the market

The Kuwait Stock Economy works on the important natural resources and utilized their natural resources like petroleum and natural gas in efficient way for the improvement of Kuwait economy. According to the main information of the Kuwait Economy from the World Bank it has been seen that the dependence of their economy is based on the petroleum and this country is completely depending upon the petroleum products so because of this all the prices of products fluctuates in really high amount. The Gross domestic product of Kuwait in 2015 is around 114.04 billion according to the information from World Bank, if this value is compared with the last two year it can be seen that this was around 162 billion. This is because this country was unable to give importance to the natural resources like petroleum and natural gas. The Kuwait was unable to give proper attention to the different private sectors so due to this their economy was affected in 2011 and then after this Kuwait Stock Exchange plays a major role in minimizing all the issues regarding private sectors (Flandreau, 2016).

There are some recommendations for the Kuwait stock exchange is that they need to utilize all their natural resources in very efficient way so that they are able to control their economy and also will able to improve it. They also have to give importance to all the private sectors so that these sectors will play a major role in improving the economy of Kuwait. The stock exchange of this country has share prices of different companies with several countries so that they are able to stable all productive companies in Kuwait. The next recommendation for the Kuwait stock exchange is that they have to produce investment opportunities for the small investors so that these investors are able to invest in small business for enhancing their profit, if they are able to encourage the small investors so they can easily stable their economy. The last important recommendation for the stock exchange of Kuwait is that they have to raise the total capital amount of small and large businesses in Kuwait so that this country move in efficient way and able to economy rate in professional way.

Reference Kuwait Economy

 Flandreau, M. (2016). Anthropologists in the Stock Exchange: A Financial History of Victorian Science. University of Chicago Press.