As an expert in international economics and the global energy market, I can provide an insightful analysis of why people from Kuwait are considered to be affluent. The wealth of a nation is often tied to its natural resources, economic policies, and the distribution of its wealth among its citizens. Let's delve into the specifics of Kuwait's situation. Step 1: English Answer Kuwait's wealth can be attributed to several key factors, with its vast oil reserves being the most prominent. The country is home to nearly 10% of the world's oil reserves, which is a significant portion that has a substantial impact on the global energy market. This abundance of oil has positioned Kuwait as a major player in the petroleum industry. Petroleum not only serves as the backbone of Kuwait's economy but also as a primary source of government revenue. It is estimated that **petroleum accounts for nearly half of the GDP** and an overwhelming **95% of export revenues and government income**. This means that the state has substantial financial resources at its disposal, which can be directed towards public services, infrastructure development, and the welfare of its citizens. Another critical aspect to consider is Kuwait's small population. With only approximately 3.36 million people, the distribution of wealth is more concentrated. When the vast revenues from oil are spread across a smaller number of individuals, the per capita income becomes very high. This high per capita income is a significant factor in the affluence observed among the people of Kuwait. Moreover, the Kuwaiti government has implemented various social welfare programs that further contribute to the well-being of its citizens. These programs include free healthcare, free education, and subsidies for basic necessities, which reduce the financial burden on families and individuals. In addition to these factors, Kuwait has also made efforts to diversify its economy. While oil remains the primary source of income, the government has invested in other sectors such as finance, tourism, and manufacturing to reduce its reliance on a single commodity. This diversification strategy is aimed at creating a more sustainable and resilient economy that can withstand fluctuations in the oil market. Furthermore, the country's strategic location at the heart of the Middle East has allowed it to establish itself as a regional hub for trade and commerce. This has opened up additional avenues for economic growth and has attracted foreign investment, further bolstering the nation's financial health. However, it is important to note that wealth distribution is not always equal within a country. While many Kuwaitis enjoy a high standard of living, there can be disparities, and not all citizens may benefit equally from the country's wealth. Issues such as income inequality and the challenges faced by expatriate workers are also part of the broader economic landscape. In conclusion, the affluence of the people from Kuwait is a multifaceted issue that can be traced back to the country's oil wealth, prudent economic policies, small population size, social welfare programs, economic diversification efforts, and strategic location. These factors collectively contribute to the high per capita income and the overall prosperity observed in the country. **read more >>

Because Kuwait has nearly 10% of the world's oil reserves. Petroleum accounts for nearly half of GDP and 95% of export revenues and government income. It also has a small populatioin - only 3.36 million people. So its per capita income is very high.read more >>