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Bahrain Economy 2015

SOURCE: 2015 CIA WORLD FACTBOOK AND OTHER SOURCES











Bahrain Economy 2015
SOURCE: 2015 CIA WORLD FACTBOOK AND OTHER SOURCES


Page last updated on June 23, 2014

Economy - overview:
Bahrain has made great efforts to diversify its economy; 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. In 2012, petroleum production and refining accounted for 77% of Bahrain's export receipts, 87% of government revenues, and 19% 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 Bahrain experienced economic setbacks as a result of domestic unrest, however, the economy recovered in 2012-13, partly as a result of improved tourism. Some 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 long-term economic challenges - youth unemployment and the growth of government debt - more difficult to address.

GDP (purchasing power parity):
$34.96 billion (2013 est.)
country comparison to the world: 110

$33.48 billion (2012 est.)
$31.95 billion (2011 est.)
note: data are in 2013 US dollars
[see also: GDP country ranks ]

GDP (official exchange rate):
$28.36 billion (2013 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
4.4% (2013 est.)
country comparison to the world: 69

4.8% (2012 est.)
2.1% (2011 est.)
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$29,800 (2013 est.)
country comparison to the world: 49

$29,100 (2012 est.)
$28,300 (2011 est.)
note: data are in 2013 US dollars
[see also: GDP - per capita country ranks ]

Gross national saving:
27.6% of GDP (2013 est.)
country comparison to the world: 36

27.6% of GDP (2012 est.)
27.5% of GDP (2011 est.)
[see also: Gross national saving country ranks ]

GDP - composition, by end use:
household consumption: 39.8%
government consumption: 15.6%
investment in fixed capital: 20.7%
investment in inventories: 0.8%
exports of goods and services: 74.8%
imports of goods and services: -51.7%

(2013 est.)

GDP - composition, by sector of origin:
agriculture: 0.3%
industry: 46.7%
services: 53% (2013 est.)

Agriculture - products:
fruit, vegetables; poultry, dairy products; shrimp, fish

Industries:
petroleum processing and refining, aluminum smelting, iron pelletization, fertilizers, Islamic and offshore banking, insurance, ship repairing, tourism

Industrial production growth rate:
4.7% (2013 est.)
country comparison to the world: 61
[see also: Industrial production growth rate country ranks ]

Labor force:
716,500
country comparison to the world: 151
note: 44% of the population in the 15-64 age group is non-national (2013 est.)
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: 1%
industry: 79%
services: 20% (1997 est.)

Unemployment rate:
15% (2005 est.)
country comparison to the world: 136
[see also: Unemployment rate country ranks ]

Population below poverty line:
NA%
[see also: Population below poverty line country ranks ]

Household income or consumption by percentage share:
lowest 10%: NA%
highest 10%: NA%

Budget:
revenues: $8.143 billion
expenditures: $9.232 billion (2013 est.)

Taxes and other revenues:
28.7% of GDP (2013 est.)
country comparison to the world: 99
[see also: Taxes and other revenues country ranks ]

Budget surplus (+) or deficit (-):
-3.8% of GDP (2013 est.)
country comparison to the world: 141
[see also: Budget surplus (+) or deficit (-) country ranks ]

Public debt:
61.2% of GDP (2013 est.)
country comparison to the world: 48

54.2% of GDP (2012 est.)
[see also: Public debt country ranks ]

Fiscal year:
calendar year

Inflation rate (consumer prices):
3.1% (2013 est.)
country comparison to the world: 116

2.8% (2012 est.)
[see also: Inflation rate (consumer prices) country ranks ]

Commercial bank prime lending rate:
6.8% (31 December 2013 est.)
country comparison to the world: 130

6.05% (31 December 2012 est.)
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$7.431 billion (31 December 2013 est.)
country comparison to the world: 90

$6.944 billion (31 December 2012 est.)
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$23.93 billion (31 December 2013 est.)
country comparison to the world: 79

$22.51 billion (31 December 2012 est.)
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$25.96 billion (31 December 2013 est.)
country comparison to the world: 71

$22.19 billion (31 December 2012 est.)
[see also: Stock of domestic credit country ranks ]

Market value of publicly traded shares:
$16.06 billion (31 December 2012 est.)
country comparison to the world: 61

$17.15 billion (31 December 2011)
$20.43 billion (31 December 2010 est.)
[see also: Market value of publicly traded shares country ranks ]

Current account balance:
$1.907 billion (2013 est.)
country comparison to the world: 42

$2.221 billion (2012 est.)
[see also: Current account balance country ranks ]

Exports:
$20.69 billion (2013 est.)
country comparison to the world: 72

$20.39 billion (2012 est.)
[see also: Exports country ranks ]

Exports - commodities:
petroleum and petroleum products, aluminum, textiles

Exports - partners:
Saudi Arabia 3.3%, India 2.2%, UAE 2.2%, South Korea 2% (2012)

Imports:
$14.41 billion (2013 est.)
country comparison to the world: 88

$13.24 billion (2012 est.)
[see also: Imports country ranks ]

Imports - commodities:
crude oil, machinery, chemicals

Imports - partners:
Saudi Arabia 27.4%, US 9.6%, China 9.5%, Japan 6.4%, India 4.9%, France 4.7% (2012)

Reserves of foreign exchange and gold:
$5.933 billion (31 December 2013 est.)
country comparison to the world: 89

$5.211 billion (31 December 2012 est.)
[see also: Reserves of foreign exchange and gold country ranks ]

Debt - external:
$28.82 billion (31 December 2013 est.)
country comparison to the world: 74

$27.54 billion (31 December 2012 est.)
[see also: Debt - external country ranks ]

Stock of direct foreign investment - at home:
$17.81 billion (31 December 2013 est.)
country comparison to the world: 76

$16.83 billion (31 December 2012 est.)
[see also: Stock of direct foreign investment - at home country ranks ]

Stock of direct foreign investment - abroad:
$10.86 billion (31 December 2013 est.)
country comparison to the world: 53

$9.699 billion (31 December 2012 est.)
[see also: Stock of direct foreign investment - abroad country ranks ]

Exchange rates:
Bahraini dinars (BHD) per US dollar -

0.376 (2013 est.)
0.376 (2012 est.)
0.376 (2010 est.)
0.376 (2009)
0.376 (2008)


NOTE: 1) The information regarding Bahrain on this page is re-published from the 2015 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Bahrain Economy 2015 information contained here. All suggestions for corrections of any errors about Bahrain Economy 2015 should be addressed to the CIA.
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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