Economy - overview: Bahrain has taken great strides in diversifying its economy and its 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. 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 and 2012, Bahrain experienced economic setbacks as a result of domestic unrest, however, several factors indicate that the economy is beginning to recover, such as the return of the formula one race and tourist cruise ships to Bahrain. Economic policies aimed at restoring confidence in Bahrain's economy, such as the suspension of an expatriate labor tax and frequent bailouts of Gulf Air, 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): Gross national saving: GDP - composition, by end use: GDP - composition, by sector of origin: Agriculture - products: Industries: Industrial production growth rate: Labor force: Labor force - by occupation: Unemployment rate: Population below poverty line: Household income or consumption by percentage share: Budget: Taxes and other revenues: Budget surplus (+) or deficit (-): Public debt: Fiscal year: Inflation rate (consumer prices): Commercial bank prime lending rate: Stock of narrow money: Stock of broad money: Stock of domestic credit: Market value of publicly traded shares: 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 2014 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Bahrain Economy 2014 information contained here. All suggestions for corrections of any errors about Bahrain Economy 2014 should be addressed to the CIA.
$33.03 billion (2012 est.)
country comparison to the world: 110
note:
data are in 2012 US dollars
[see also: GDP country ranks ]
$26.75 billion (2012 est.)
[see also: GDP (official exchange rate) country ranks ]
4.8% (2012 est.)
country comparison to the world: 71
[see also: GDP - real growth rate country ranks ]
$28,700 (2012 est.)
country comparison to the world: 52
note:
data are in 2012 US dollars
[see also: GDP - per capita country ranks ]
27.6% of GDP (2012 est.)
country comparison to the world: 33
[see also: Gross national saving country ranks ]
household consumption: 38.3%
[see also: GDP - composition, by end use - household consumption country ranks ]
government consumption:
14.6%
investment in fixed capital:
19.5%
investment in inventories:
0.8%
exports of goods and services:
75.3%
imports of goods and services:
-48.5%
agriculture: 0.3%
[see also: GDP - composition, by sector of origin - agriculture country ranks ]
industry:
48.1%
services:
51.6% (2012 est.)
fruit, vegetables; poultry, dairy products; shrimp, fish
petroleum processing and refining, aluminum smelting, iron pelletization, fertilizers, Islamic and offshore banking, insurance, ship repairing, tourism
-1.7% (2012 est.)
country comparison to the world: 154
[see also: Industrial production growth rate country ranks ]
655,300
country comparison to the world: 153
note:
44% of the population in the 15-64 age group is non-national (2012 est.)
[see also: Labor force country ranks ]
agriculture: 1%
[see also: Labor force - by occupation - agriculture country ranks ]
industry:
79%
services:
20% (1997 est.)
15% (2005 est.)
country comparison to the world: 143
[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%
revenues: $8.07 billion
[see also: Budget revenues country ranks ]
expenditures:
$8.673 billion (2012 est.)
30.2% of GDP (2012 est.)
country comparison to the world: 94
[see also: Taxes and other revenues country ranks ]
-2.3% of GDP (2012 est.)
country comparison to the world: 92
[see also: Budget surplus (+) or deficit (-) country ranks ]
54.2% of GDP (2012 est.)
country comparison to the world: 51
[see also: Public debt country ranks ]
calendar year
2.8% (2012 est.)
country comparison to the world: 86
[see also: Inflation rate (consumer prices) country ranks ]
6.05% (31 December 2012 est.)
country comparison to the world: 129
[see also: Commercial bank prime lending rate country ranks ]
$6.944 billion (31 December 2012 est.)
country comparison to the world: 89
[see also: Stock of narrow money country ranks ]
$24.38 billion (31 December 2012 est.)
country comparison to the world: 81
[see also: Stock of broad money country ranks ]
$22.19 billion (31 December 2012 est.)
country comparison to the world: 75
[see also: Stock of domestic credit country ranks ]
$17.15 billion (31 December 2011)
country comparison to the world: 63
[see also: Market value of publicly traded shares country ranks ]
$2.221 billion (2012 est.)
country comparison to the world: 37
[see also: Current account balance country ranks ]
$20.39 billion (2012 est.)
country comparison to the world: 73
[see also: Exports country ranks ]
petroleum and petroleum products, aluminum, textiles
Saudi Arabia 3.3%, India 2.2%, UAE 2.2%, South Korea 2% (2012)
$13.24 billion (2012 est.)
country comparison to the world: 89
[see also: Imports country ranks ]
crude oil, machinery, chemicals
Saudi Arabia 27.4%, US 9.6%, China 9.5%, Japan 6.4%, India 4.9%, France 4.7% (2012)
$5.211 billion (31 December 2012 est.)
country comparison to the world: 91
[see also: Reserves of foreign exchange and gold country ranks ]
$27.54 billion (31 December 2012 est.)
country comparison to the world: 73
[see also: Debt - external country ranks ]
$16.83 billion (31 December 2012 est.)
country comparison to the world: 78
[see also: Stock of direct foreign investment - at home country ranks ]
$9.699 billion (31 December 2012 est.)
country comparison to the world: 54
[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
Flags
Airport Codes
This page was last modified 06-Nov-14