Gross Domestic Product (GDP)
Kuwait controls roughly 6% of the world’s oil reserves, with hydrocarbons exports account for more than 90% of total national GDP and around 80% of the government revenue. In 2013, Kuwait’s total population was 3.37 million with 98% is urbanized. CO2 emissions in 2013 were 84.10 Mt representing 5% of total Middle East emissions. In the same year, total primary energy supply reached 35065 thousand tons of oil equivalent (ktoe), with 100% coming from fossil fuel resources. in 2008, Kuwait had a power capacity of around 10,944 MW and it is projected this figure will be doubled by 2020 to meet growing electricity demands. Electricity consumption grew at an average annual rate of 7.25% between 1999 and 2009. Peak demand has grown at an annual rate of 12%, but it was not met with adequate generation capacity, resulting in black-outs during summer months.