4 GeoFroggy

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.

Agriculture Products

fruit, vegetables; poultry, dairy products; shrimp, fish

Industries

petroleum processing and refining, aluminum smelting, offshore banking, ship repairing; tourism

Industrial Production Growth Rate

3.4% (1995)

Labor Force

Array

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)

Currency

1 Bahraini dinar (BD) = 1,000 fils

Unemployment Rate

15% (1998 est.)

Population Below Poverty Line

NA%

Household Income or Consumption by Percentage Share

Lowest 10%: NA%

Highest 10%: NA%

Budget

Revenues: $1.5 billion

Expenditures: $1.9 billion, including capital expenditures of $NA (1998)

Commercial Bank Prime Lending Rate

Stock of Narrow Money

Stock of Broad Money

Stock of Domestic Credit

Market Value of Publicly Traded Shares

Reserves of Foreign Exchange and Gold

Debt External

$2 billion (1997)

Stock of Direct Foreign Investment at Home

Stock of Direct Foreign Investment Abroad

Exchange Rates

Bahraini dinars (BD) per US$1 - 0.3760 (fixed rate)
Year

Fiscal Year

  • calendar year

GDP Purchasing Power Parity

    Purchasing power parity - $8.6 billion (1999 est.)

GDP Real Growth Rate

    4% (1999 est.)

GDP Per Capital

    Purchasing power parity - $13,700 (1999 est.)

Gross National Saving

GDP Composition by end Use

GDP Composition by Sector of Origin

  • Agriculture
    1%
  • Industry
    46%
  • Services
    53% (1996 est.)

Inflation Rate Consumer Prices

    0.5% (1998 est.)

Current Account Balance

Exports

    $3.3 billion (f.o.b., 1998)

Exports Partners

  • India
    18%
  • Japan
    11%
  • Saudi
    Arabia
  • South
    Korea
  • UAE
    5%

Exports Commodities

  • Petroleum and petroleum products
    61%
  • Aluminum
    7%

Imports

    $3.5 billion (f.o.b., 1998)

Imports Partners

  • Saudi
    Arabia
  • US
    10%
  • UK
    6%
  • Japan
    5%
  • Germany
    4%

Imports Commodities

  • Nonoil
    59%
  • Crude oil
    41%