4 GeoFroggy

Economy Overview

In Bahrain, petroleum production and refining account for about 60% of export receipts, 60% of government revenues, and 30% of GDP. With its highly developed communication and transport facilities, Bahrain is home to numerous multinational firms with business in the Gulf. Bahrain is dependent on Saudi Arabia for oil revenue granted as aid. A large share of exports consists of petroleum products made from refining imported crude. Construction proceeds on several major industrial projects. Unemployment, especially among the young, and the depletion of 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

2% (2000 est.)

Labor Force

Array

Electricity production

5.765 billion kWh (2000)

Electricity production by source

Fossil fuel: 100%

Hydro: 0%

Other: 0% (2000)

Nuclear: 0%

Electricity Consumption

5,361.45 million kWh (2000)

Electricity Exports

0 kWh (2000)

Electricity Imports

0 kWh (2000)

Currency

Bahraini dinar (BHD)

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: $1.8 billion

Expenditures: $2.2 billion, including capital expenditures of $700 million (2002 est.)

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

$2.8 billion (2000)

Stock of Direct Foreign Investment at Home

Stock of Direct Foreign Investment Abroad

Exchange Rates

Bahraini dinars per US dollar - 0.3760 (fixed rate pegged to the US dollar)
Year

Fiscal Year

  • calendar year

GDP Purchasing Power Parity

    Purchasing power parity - $8.4 billion (2001 est.)

GDP Real Growth Rate

    4% (2001 est.)

GDP Per Capital

    Purchasing power parity - $13,000 (2001 est.)

Gross National Saving

GDP Composition by end Use

GDP Composition by Sector of Origin

  • Agriculture
    1%
  • Industry
    35%
  • Services
    64% (2001 est.)

Inflation Rate Consumer Prices

    1.5% (2001 est.)

Current Account Balance

Exports

    $5.5 billion (2001)

Exports Partners

  • India
    8.4%
  • US
    3.9%
  • Saudi
    Arabia
  • Japan
    2.8%
  • South
    Korea

Exports Commodities

    Petroleum and petroleum products, aluminum, textiles

Imports

    $4.5 billion (2001)

Imports Partners

  • Saudi
    Arabia
  • US
    12.5%
  • UK
    6.6%
  • France
    6%
  • Japan
    4%

Imports Commodities

    Crude oil, machinery, chemicals