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Economy - overview:
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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.
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GDP:
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purchasing power parity - $8.4 billion (2001 est.)
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GDP - real growth rate:
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4% (2001 est.)
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GDP - per capita:
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purchasing power parity - $13,000 (2001 est.)
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GDP - composition by sector:
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agriculture: 1%
industry: 35%
services: 64% (2001 est.)
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Population below poverty line:
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NA%
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Household income or consumption by percentage share:
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lowest 10%: NA%
highest 10%: NA%
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Inflation rate (consumer prices):
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1.5% (2001 est.)
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Labor force:
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295,000
note: 44% of the population in the 15-64 age group is non-national (July 1998 est.) (1998 est.)
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Labor force - by occupation:
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industry, commerce, and service 79%, government 20%, agriculture 1% (1997 est.)
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Unemployment rate:
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15% (1998 est.)
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Budget:
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revenues: $1.8 billion
expenditures: $2.2 billion, including capital expenditures of $700 million (2002 est.)
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Industries:
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petroleum processing and refining, aluminum smelting, offshore banking, ship repairing; tourism
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Industrial production growth rate:
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2% (2000 est.)
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Electricity - production:
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5.765 billion kWh (2000)
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Electricity - production by source:
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fossil fuel: 100%
hydro: 0%
other: 0% (2000)
nuclear: 0%
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Electricity - consumption:
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5,361.45 million kWh (2000)
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Electricity - exports:
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0 kWh (2000)
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Electricity - imports:
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0 kWh (2000)
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Agriculture - products:
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fruit, vegetables; poultry, dairy products; shrimp, fish
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Exports:
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$5.5 billion (2001)
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Exports - commodities:
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petroleum and petroleum products, aluminum, textiles
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Exports - partners:
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India 8.4%, US 3.9%, Saudi Arabia 3.4%, Japan 2.8%, South Korea 2.1% (2000)
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Imports:
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$4.5 billion (2001)
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Imports - commodities:
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crude oil, machinery, chemicals
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Imports - partners:
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Saudi Arabia 28.7%, US 12.5%, UK 6.6%, France 6%, Japan 4% (2000)
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Debt - external:
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$2.8 billion (2000)
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Economic aid - recipient:
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$48.4 million (1995) (1995)
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Currency:
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Bahraini dinar (BHD)
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Currency code:
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BHD
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Exchange rates:
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Bahraini dinars per US dollar - 0.3760 (fixed rate pegged to the US dollar)
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Fiscal year:
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calendar year
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