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As of 2016, Kuwait has a population of 4.2 million people; 1.3 million are Kuwaitis and 2.9 million are expatriates. Oil reserves were discovered in 1938. From 1946 to 1982, the country underwent large-scale modernization.
Oil production was 1.5 million barrels per day (240 × 103 m 3 /d) by the end of 1992, and pre-war capacity was restored in 1993. Kuwait's production capacity is estimated to be 2.5 million barrels per day (400 × 103 m 3 /d). Kuwait plans to increase its capacity to 3.5 million barrels per day (560 × 103 m 3 /d) by 2005.
Kuwait is one of the high-income countries with a GDP per capita of above $24,000. Oil exports account for nearly half of Kuwait's national income and about 80% of government revenues. Between 1975 and 1985, the proportion of all working nationals employed in the public sector, including oil, rose from 76 percent to 92 percent.
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