Bahrain Economy: from the All Country Info reference guide to country facts

Bahrain Economy

Bahrain Economy: A summary of information about Bahrain Economy, from government research data as well as independent research and other sources.

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Bahrain: Economy

Economy - overview
In Bahrain, petroleum production and processing
account for about 60% of export receipts, 60% of government revenues,
and 30% of GDP. Economic conditions have fluctuated with the changing
fortunes of oil since 1985, for example, during and following the Gulf
crisis of 1990-91. With its highly developed communication and
transport facilities, Bahrain is home to numerous multinational firms
with business in the Gulf. A large share of exports consists of
petroleum products made from imported crude. Construction proceeds on
several major industrial projects. Unemployment, especially among the
young, and the depletion of both oil and underground water resources
are major long-term economic problems.
GDP
purchasing power parity - $8.6 billion (1999 est.)
GDP - real growth rate
4% (1999 est.)
GDP - per capita
purchasing power parity - $13,700 (1999 est.)
GDP - composition by sector
agriculture: 1%
industry: 46%
services: 53% (1996 est.)
Population below poverty line
NA%
Household income or consumption by percentage share
lowest 10%: NA%
highest 10%: NA%
Inflation rate (consumer prices)
0.5% (1998 est.)
Labor force
295,000 (1998 est.)
note: 44% of the population in the 15-64 age group is non-national
(July 1998 est.)
Labor force - by occupation
industry, commerce, and service 79%,
government 20%, agriculture 1% (1997 est.)
Unemployment rate
15% (1998 est.)
Budget
revenues: $1.5 billion
expenditures: $1.9 billion, including capital expenditures of $NA
(1998)
Industries
petroleum processing and refining, aluminum smelting,
offshore banking, ship repairing; tourism
Industrial production growth rate
3.4% (1995)
Electricity - production
4.77 billion kWh (1998)
Electricity - production by source
fossil fuel: 100%
hydro: 0%
nuclear: 0%
other: 0% (1998)
Electricity - consumption
1.09 billion kWh (1999)
Electricity - exports
0 kWh (1998)
Electricity - imports
0 kWh (1998)
Agriculture - products
fruit, vegetables; poultry, dairy products;
shrimp, fish
Exports
$3.3 billion (f.o.b., 1998)
Exports - commodities
petroleum and petroleum products 61%, aluminum
7%
Exports - partners
India 18%, Japan 11%, Saudi Arabia 8%, South Korea
7%, UAE 5% (1997)
Imports
$3.5 billion (f.o.b., 1998)
Imports - commodities
nonoil 59%, crude oil 41%
Imports - partners
Saudi Arabia 45%, US 10%, UK 6%, Japan 5%, Germany
4% (1997)
Debt - external
$2 billion (1997)
Economic aid - recipient
$48.4 million (1995)
Currency
1 Bahraini dinar (BD) = 1,000 fils
Exchange rates
Bahraini dinars (BD) per US$1 - 0.3760 (fixed rate)
Fiscal year
calendar year
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