Government paralysis is a common feature of Kuwait’s political scene and creates instability, but a low tax burden is a boon for businesses and consumers. Higher oil prices will support economic momentum in the short term, but reliance on oil makes the export base undiversified. Solid incomes create an attractive consumer market and a large foreign population eases labour market challenges. Internet and mobile use is high, but research and development (R&D) spending could improve.
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Country Profiles examine the economic and political trends in 210 countries and associated regions, serving as a one-stop-shop for data and analysis on the economy, political landscape and the business environment. This report series allows you to understand the macro-economic environment as a basis for strategic planning.
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