Economy - overview:
Bahrain is one of the most diversified economies in the Persian Gulf. Highly developed communication and transport facilities make Bahrain home to numerous multinational firms with business in the Gulf. As part of its diversification plans, Bahrain implemented a Free Trade Agreement (FTA) with the US in August 2006, the first FTA between the US and a Gulf state. Bahrain's economy, however, continues to depend heavily on oil. Petroleum production and refining account for more than 60% of Bahrain's export receipts, 70% of government revenues, and 11% of GDP (exclusive of allied industries). Other major economic activities are production of aluminum - Bahrain's second biggest export after oil - finance, and construction. Bahrain competes with Malaysia as a worldwide center for Islamic banking and continues to seek new natural gas supplies as feedstock to support its expanding petrochemical and aluminum industries. In 2011, Bahrain experienced economic setbacks as a result of domestic unrest. Bahrain's reputation as a financial hub of the Gulf has been damaged, and the country now risks losing financial institutions to other regional centers such as Dubai or Doha. Economic policies aimed at restoring confidence in Bahrain's economy, such as the suspension of an expatirate labor tax, will make Bahrain's foremost long-term economic challenges - youth unemployment and the growth of government debt - more difficult to address.
GDP (purchasing power parity): GDP (official exchange rate): GDP - real growth rate: GDP - per capita (PPP): GDP - composition by sector: Labor force: Labor force - by occupation: Unemployment rate: Population below poverty line: Household income or consumption by percentage share: Investment (gross fixed): Budget: Taxes and other revenues: Budget surplus (+) or deficit (-): Public debt: Inflation rate (consumer prices): Central bank discount rate: Commercial bank prime lending rate: Stock of narrow money: Stock of broad money: Stock of domestic credit: Market value of publicly traded shares: Agriculture - products: Industries: Industrial production growth rate: Electricity - production: Electricity - consumption: Electricity - exports: Electricity - imports: Oil - production: Oil - consumption: Oil - exports: Oil - imports: Natural gas - production: Natural gas - consumption: Natural gas - exports: Natural gas - imports: Natural gas - proved reserves: Current account balance: Exports: Exports - commodities: Exports - partners: Imports: Imports - commodities: Imports - partners: Reserves of foreign exchange and gold: Debt - external: Stock of direct foreign investment - at home: Stock of direct foreign investment - abroad: Exchange rates:
NOTE: 1) The information regarding Bahrain on this page is re-published from the 2012 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Bahrain Economy 2012 information contained here. All suggestions for corrections of any errors about Bahrain Economy 2012 should be addressed to the CIA.
$30.8 billion (2011 est.)
country comparison to the world: 108
note: data are in 2011 US dollars
[see also: GDP country ranks ]
$26.4 billion (2011 est.)
[see also: GDP (official exchange rate) country ranks ]
1.5% (2011 est.)
country comparison to the world: 169
[see also: GDP - real growth rate country ranks ]
$27,300 (2011 est.)
country comparison to the world: 50
note: data are in 2011 US dollars
[see also: GDP - per capita country ranks ]
agriculture: 0.4%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 63.7%
[see also: GDP - composition by sector - industry country ranks ]
services: 35.9% (2011 est.)
[see also: GDP - composition by sector - services country ranks ]
672,500
country comparison to the world: 151
note: 44% of the population in the 15-64 age group is non-national (2011 est.)
[see also: Labor force country ranks ]
agriculture: 1%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 79%
[see also: Labor force - by occupation - industry country ranks ]
services: 20% (1997 est.)
[see also: Labor force - by occupation - services country ranks ]
15% (2005 est.)
country comparison to the world: 145
[see also: Unemployment rate country ranks ]
NA%
[see also: Population below poverty line country ranks ]
lowest 10%: NA%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: NA%
[see also: Household income or consumption by percentage share - highest 10% country ranks ]
30.6% of GDP (2011 est.)
country comparison to the world: 29
[see also: Investment (gross fixed) country ranks ]
revenues: $7.93 billion
[see also: Budget revenues country ranks ]
expenditures: $8.297 billion (2011 est.)
[see also: Budget expenditures country ranks ]
30% of GDP (2011 est.)
country comparison to the world: 89
[see also: Taxes and other revenues country ranks ]
-1.4% of GDP (2011 est.)
country comparison to the world: 62
[see also: Budget surplus (+) or deficit (-) country ranks ]
75.3% of GDP (2011 est.)
country comparison to the world: 27
[see also: Public debt country ranks ]
0.3% (2011 est.)
country comparison to the world: 4
[see also: Inflation rate (consumer prices) country ranks ]
0.5% (31 December 2010 est.)
country comparison to the world: 135
[see also: Central bank discount rate country ranks ]
7.3% (31 December 2011 est.)
country comparison to the world: 137
[see also: Commercial bank prime lending rate country ranks ]
$6.566 billion (31 December 2011 est.)
country comparison to the world: 86
[see also: Stock of narrow money country ranks ]
$22.99 billion (31 December 2011 est.)
country comparison to the world: 82
[see also: Stock of broad money country ranks ]
$19.58 billion (31 December 2011 est.)
country comparison to the world: 82
[see also: Stock of domestic credit country ranks ]
$20.43 billion (31 December 2010)
country comparison to the world: 63
[see also: Market value of publicly traded shares country ranks ]
fruit, vegetables; poultry, dairy products; shrimp, fish
petroleum processing and refining, aluminum smelting, iron pelletization, fertilizers, Islamic and offshore banking, insurance, ship repairing, tourism
1.5% (2010 est.)
country comparison to the world: 135
[see also: Industrial production growth rate country ranks ]
11.22 billion kWh (2008 est.)
country comparison to the world: 88
[see also: Electricity - production country ranks ]
10.48 billion kWh (2008 est.)
country comparison to the world: 86
[see also: Electricity - consumption country ranks ]
0 kWh (2009 est.)
[see also: Electricity - exports country ranks ]
0 kWh (2009 est.)
[see also: Electricity - imports country ranks ]
46,430 bbl/day (2010 est.)
country comparison to the world: 64
[see also: Oil - production country ranks ]
47,000 bbl/day (2010 est.)
country comparison to the world: 101
[see also: Oil - consumption country ranks ]
239,900 bbl/day (2009 est.)
country comparison to the world: 50
[see also: Oil - exports country ranks ]
213,000 bbl/day (2009 est.)
country comparison to the world: 46
[see also: Oil - imports country ranks ]
12.58 billion cu m (2009 est.)
country comparison to the world: 36
[see also: Natural gas - production country ranks ]
12.58 billion cu m (2009 est.)
country comparison to the world: 41
[see also: Natural gas - consumption country ranks ]
0 cu m (2009 est.)
country comparison to the world: 55
[see also: Natural gas - exports country ranks ]
0 cu m (2009 est.)
country comparison to the world: 153
[see also: Natural gas - imports country ranks ]
92.03 billion cu m (1 January 2011 est.)
country comparison to the world: 55
[see also: Natural gas - proved reserves country ranks ]
$617.4 million (2011 est.)
country comparison to the world: 50
[see also: Current account balance country ranks ]
$20.23 billion (2011 est.)
country comparison to the world: 73
[see also: Exports country ranks ]
petroleum and petroleum products, aluminum, textiles
Saudi Arabia 2.9%, Japan 2%, UAE 1.9%, India 1.9% (2010)
$16.8 billion (2011 est.)
country comparison to the world: 80
[see also: Imports country ranks ]
crude oil, machinery, chemicals
Saudi Arabia 24.7%, US 12.2%, China 7.8%, Brazil 6%, Japan 5.8%, France 5% (2010)
$5.069 billion (31 December 2011 est.)
country comparison to the world: 88
[see also: Reserves of foreign exchange and gold country ranks ]
$15.2 billion (31 December 2011 est.)
country comparison to the world: 82
[see also: Debt - external country ranks ]
$15.29 billion (31 December 2011 est.)
country comparison to the world: 76
[see also: Stock of direct foreign investment - at home country ranks ]
$9.083 billion (31 December 2011 est.)
country comparison to the world: 52
[see also: Stock of direct foreign investment - abroad country ranks ]
Bahraini dinars (BHD) per US dollar -
2) The rank that you see is the CIA reported rank, which may habe the following issues:
a) They assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
b) The CIA sometimes assignes counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order
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This page was last modified 07-Mar-12