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    Bahrain Economy - 1990

      Overview: The oil price decline in recent years has had an adverse impact on the economy. Petroleum production and processing account for about 85% of export receipts, 60% of government revenues, and 20% of GDP. In 1986 soft oil-market conditions led to a 5% drop in GDP, in sharp contrast wit the 5% average annual growth rate during the early 1980s. The slowdown in economic activity, however, has helped to check the inflation of the 1970s. The government's past economic diversification efforts have moderated the severity of the downturn but failed to offset oil and gas revenue losses.

      GDP: $3.5 billion, per capita $7,550 (1987); real growth rate 0% (1988)

      Inflation rate (consumer prices): 0.3% (1988)

      Unemployment: 8-10% (1989)

      Budget: revenues $1,136 million; expenditures $1,210 million, including capital expenditures of $294 million (1987)

      Exports: $2.4 billion (f.o.b., 1988 est.); commodities--petroleum 80%, aluminum 7%, other 13%; partners--US, UAE, Japan, Singapore, Saudi Arabia

      Imports: $2.5 billion (f.o.b., 1988 est.); commodities--nonoil 59%, crude oil 41%; partners--UK, Saudi Arabia, US, Japan

      External debt: $1.1 billion (December 1989 est.)

      Industrial production: growth rate - 3.1% (1987)

      Electricity: 1,652,000 kW capacity; 6,000 million kWh produced, 12,800 kWh per capita (1989)

      Industries: petroleum processing and refining, aluminum smelting, offshore banking, ship repairing

      Agriculture: including fishing, accounts for less than 2% of GDP; not self-sufficient in food production; heavily subsidized sector produces fruit, vegetables, poultry, dairy products, shrimp, and fish; fish catch 9,000 metric tons in 1987

      Aid: US commitments, including Ex-Im (FY70-79), $24 million; Western (non-US) countries, ODA and OOF bilateral commitments (1970-87), $28 million; OPEC bilateral aid (1979-89), $9.8 billion

      Currency: Bahraini dinar (plural--dinars); 1 Bahraini dinar (BD) = 1,000 fils

      Exchange rates: Bahraini dinars (BD) per US$1--0.3760 (fixed rate)

      Fiscal year: calendar year

      NOTE: The information regarding Bahrain on this page is re-published from the 1990 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Bahrain Economy 1990 information contained here. All suggestions for corrections of any errors about Bahrain Economy 1990 should be addressed to the CIA.

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    Revised 07-Feb-03
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