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    Bahrain Economy - 1991

      Overview: Petroleum production and processing account for about 85% of export receipts, 60% of government revenues, and 20% of GDP. Economic conditions have fluctuated with the changing fortunes of oil since 1985, including the Gulf crisis of 1990-91. The liberation of Kuwait in early 1991 has improved short- to medium-term prospects and has raised investors' confidence. Bahrain with its highly developed communication and transport facilities is home to numerous multinational firms with business in the Gulf.

      GDP: $3.9 billion, per capita $7,500; real growth rate 2.5% (1990 est.)

      Inflation rate (consumer prices): 1.5% (1989)

      Unemployment: 8-10% (1989)

      Budget: revenues $1.2 billion; expenditures $1.32 billion, including capital expenditures of $NA (1989)

      Exports: $2.7 billion (f.o.b., 1989 est.); commodities--petroleum 80%, aluminum 7%, other 13%; partners--UAE, Japan, US, India

      Imports: $3.0 billion (f.o.b., 1989); commodities--nonoil 59%, crude oil 41%; partners--Saudi Arabia, Japan, US, UK

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

      Industrial production: growth rate 3.8% (1988); accounts for 44% of GDP

      Electricity: 1,652,000 kW capacity; 6,000 million kWh produced, 12,080 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

      Economic aid: US commitments, including Ex-Im (FY70-79), $24 million; Western (non-US) countries, ODA and OOF bilateral commitments (1970-88), $35 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 1991 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Bahrain Economy 1991 information contained here. All suggestions for corrections of any errors about Bahrain Economy 1991 should be addressed to the CIA.

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    Revised 08-Feb-03
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