Kuwait: Country Analysis Brief, 2011.
"
Kuwait is a member of the Organization of Petroleum Exporting Countries (OPEC), exporting the
fourth largest volume of oil among the group in 2010. At the same time, Kuwait's economy is one
heavily dependent on petroleum export revenues, which account for half of its overall gross
domestic product (GDP), 95 percent of total export earnings, and 95 percent of government
revenues. Kuwait has an active sovereign-wealth fund, the Kuwait Investment Authority, which
oversees all state expenditures and international investments. Kuwait also allocates 10 percent of
its state revenues into the Reserve Fund for Future Generations (RFFG), for the day when oil
income starts to decline."