The State of Kuwait is classified as a high income country. Kuwait has a small, relatively open economy, dominated by the oil industry and the government sector. Approximately 90% of the Kuwaiti labor force works in the public sector, and 90% of private sector workers are non-Kuwaitis. Kuwait exports are mainly composed of mineral fuels (94%) and of organic chemicals (2%).
Kuwait was the first Arab country in the Gulf to have an elected parliament. Moves to change the male-dominated political structure culminated in the granting of full political rights to women in 2005.
Despite large oil revenues, the economy has been badly affected by the global financial crisis. Kuwait has been a WTO member since 1995, alongside with membership of the Gulf Cooperation Council. It also signed free trade agreements with Jordan, the USA and Singapore.