Kuwait’s economy is dominated by oil, which accounts for over 90% of government revenue and exports. Market competition is limited outside the energy sector, though diversification initiatives under Vision 2035 are gaining traction. Public policies emphasize infrastructure development, FDI attraction, and private sector growth. Regulatory frameworks are improving but remain opaque, slowing progress. Kuwaiti society is affluent and reliant on a strong welfare system, though youth unemployment is a growing concern. Education reforms focus on aligning skills with labor market needs, while healthcare is highly developed but strained by population growth. Climate challenges, including rising temperatures and water scarcity, necessitate sustainability efforts. With effective reforms, Kuwait can reduce oil dependency and foster long-term growth.