Kuwait has the sixth-largest oil reserves in the world and is one of OPEC鈥檚 top oil-producing and oil-exporting countries. Oil export revenues make up half of Kuwait鈥檚 GDP and 95 percent of state revenues. The Kuwait Petroleum Corporation plans to increase oil production capacity to 4 million barrels per day by 2020. Kuwait consumes a very small part of this oil domestically: Last year, 87 percent of Kuwaiti oil was exported.
Kuwait's fossil fuel subsidies were highest on a per capita basis, with $2,800 spent per person, . The United Arab Emirates and Qatar followed, each spending close to $2,500 per person.
