| Introduction - Bahrain: |
| Location - Bahrain: |
| People - Bahrain: |
| Government - Bahrain: |
| Economy - Bahrain: |
Economy overview | With its highly developed communication and transport facilities, Bahrain is home to numerous multinational firms with business in the Gulf. Petroleum production and refining account for over 60% of Bahrains export receipts, over 70% of government revenues, and 11% of GDP (exclusive of allied industries), underpinning Bahrains strong economic growth in recent years. Other major segments of Bahrains economy are the financial and construction sectors. Bahrain is actively pursuing the diversification and privatization of its economy to reduce the countrys dependence on oil. As part of this effort, in August 2006 Bahrain and the US implemented a Free Trade Agreement (FTA), the first FTA between the US and a Gulf state. Unemployment, especially among the young, and the depletion of oil and underground water resources are major long-term economic problems. |
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Gdp purchasing power parity | $18.02 billion (2006 est.) |
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Gdp official exchange rate | $12.14 billion (2006 est.) |
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Gdp real growth rate | 7.8% (2006 est.) |
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Gdp per capita ppp | $25,800 (2006 est.) |
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Gdp composition by sector | agriculture: 0.5%
industry: 38.7%
services: 60.8% (2005 est.) |
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Labor force | 352,000
note: 44% of the population in the 15-64 age group is non-national (2006 est.) |
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Labor force by occupation | agriculture: 1%
industry: 79%
services: 20% (1997 est.) |
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Unemployment rate | 15% (2005 est.) |
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Population below poverty line | NA% |
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Household income or consumption by percentage share | lowest 10%: NA%
highest 10%: NA% |
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Inflation rate consumer prices | 3.5% (2006 est.) |
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Investment gross fixed | 21.1% of GDP (2006 est.) |
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Budget | revenues: $5.582 billion
expenditures: $4.197 billion; including capital expenditures of $700 million (2006 est.) |
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Public debt | 34.2% of GDP (2006 est.) |
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Agriculture products | fruit, vegetables; poultry, dairy products; shrimp, fish |
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Industries | petroleum processing and refining, aluminum smelting, iron pelletization, fertilizers, offshore banking, insurance, ship repairing, tourism |
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Industrial production growth rate | 2% (2000 est.) |
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Electricity production | 7.794 billion kWh (2004) |
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Electricity consumption | 7.248 billion kWh (2004) |
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Electricity exports | 0 kWh (2004) |
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Electricity imports | 0 kWh (2004) |
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Oil production | 188,300 bbl/day (2005 est.) |
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Oil consumption | 27,000 bbl/day (2004 est.) |
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Oil exports | NA bbl/day |
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Oil imports | NA bbl/day |
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Oil proved reserves | 121 million bbl (2006 est.) |
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Natural gas production | 9.75 billion cu m (2004 est.) |
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Natural gas consumption | 9.75 billion cu m (2004 est.) |
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Natural gas exports | 0 cu m (2004 est.) |
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Natural gas imports | 0 cu m (2004 est.) |
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Natural gas proved reserves | 92.03 billion cu m (1 January 2005 est.) |
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Current account balance | $1.999 billion (2006 est.) |
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Exports | $12.62 billion (2006 est.) |
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Exports commodities | petroleum and petroleum products, aluminum, textiles |
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Exports partners | NA |
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Imports | $9.036 billion (2006 est.) |
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Imports commodities | crude oil, machinery, chemicals |
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Imports partners | Saudi Arabia 37.3%, Japan 6.8%, US 6.2%, UK 6.2%, Germany 5%, UAE 4.2% (2006) |
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Reserves of foreign exchange and gold | $2.918 billion (2006 est.) |
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Debt external | $7.267 billion (2006 est.) |
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Economic aid recipient | $150 million; note - $50 million annually since 1992 from the UAE and Kuwait (2002) |
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Currency code | Bahraini dinar (BHD) |
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Exchange rates | Bahraini dinars per US dollar - 0.376 (2006), 0.376 (2005), 0.376 (2004), 0.376 (2003), 0.376 (2002) |
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| Communications - Bahrain: |
| Transportation - Bahrain: |
| Military - Bahrain: |
This page was last updated on 16 September, 2007
