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Bahrain Economy 2011
https://theodora.com/wfb2011/bahrain/bahrain_economy.html
SOURCE: 2011 CIA WORLD FACTBOOK AND OTHER SOURCES


















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Page last updated on January 13, 2011

Economy - overview:
Bahrain is one of the most diversified economies in the Persian Gulf. 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. Petroleum production and refining account for more than 60% of Bahrain's export receipts, 70% of government revenues, and 11% of GDP (exclusive of allied industries). 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. Unemployment, especially among the young, is a long-term economic problem Bahrain struggles to address. In 2009, to help lower unemployment among Bahraini nationals, Bahrain reduced sponsorship for expatriate workers, increasing the costs of employing foreign labor. The global financial crisis caused funding for many non-oil projects to dry up and resulted in slower economic growth for Bahrain. Other challenges facing Bahrain include the slow growth of government debt as a result of a large subsidy program, the financing of large government projects, and debt restructuring, such as the bailout of state-owned Gulf Air.

GDP (purchasing power parity):
$29.82 billion (2010 est.)
country comparison to the world: 108

$28.7 billion (2009 est.)
$27.83 billion (2008 est.)
note: data are in 2010 US dollars
[see also: GDP (purchasing power parity) country ranks ]

GDP (official exchange rate):
$21.73 billion (2009 est.)
[see also: GDP (official exchange rate) country ranks ]

GDP - real growth rate:
3.9% (2010 est.)
country comparison to the world: 84

3.1% (2009 est.)
6.3% (2008 est.)
[see also: GDP - real growth rate country ranks ]

GDP - per capita:
$40,400 (2010 est.)
country comparison to the world: 20

$39,400 (2009 est.)
$38,700 (2008 est.)
note: data are in 2010 US dollars
[see also: GDP - per capita country ranks ]

GDP - composition by sector:
agriculture: 0.5%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 56.6%
[see also: GDP - composition by sector - industry country ranks ]
services: 42.9% (2009 est.)
[see also: GDP - composition by sector - services country ranks ]

Labor force:
611,000
country comparison to the world: 154
note: 44% of the population in the 15-64 age group is non-national (2009 est.)
[see also: Labor force country ranks ]

Labor force - by occupation:
agriculture: 1%
[see also: Labor force - by occupation - agriculture country ranks ]
industry: 79%
[see also: Labor force - by occupation - industry country ranks ]
services: 20% (1997 est.)
[see also: Labor force - by occupation - services country ranks ]

Unemployment rate:
15% (2005 est.)
country comparison to the world: 148
[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%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: NA%
[see also: Household income or consumption by percentage share - highest 10% country ranks ]

Investment (gross fixed):
26.6% of GDP (2009 est.)
country comparison to the world: 34
[see also: Investment (gross fixed) country ranks ]

Budget:
revenues: $5.933 billion
[see also: Budget - revenues country ranks ]
expenditures: $5.948 billion (2009 est.)
[see also: Budget - expenditures country ranks ]

Public debt:
59.2% of GDP (2010 est.)
country comparison to the world: 35

38.5% of GDP (2009 est.)
[see also: Public debt country ranks ]

Inflation rate (consumer prices):
3.3% (2010 est.)
country comparison to the world: 95

2.8% (2009 est.)
[see also: Inflation rate (consumer prices) country ranks ]

Commercial bank prime lending rate:
NA% (31 December 2009 est.)

NA% (31 December 2008 est.)
[see also: Commercial bank prime lending rate country ranks ]

Stock of narrow money:
$6.372 billion (31 December 2010 est)

$5.74 billion (31 December 2009 est)
[see also: Stock of narrow money country ranks ]

Stock of broad money:
$21.02 billion (31 December 2010 est.)

$18.93 billion (31 December 2009 est.)
[see also: Stock of broad money country ranks ]

Stock of domestic credit:
$18.46 billion (31 December 2010 est.)
country comparison to the world: 81

$16.34 billion (31 December 2009 est.)
[see also: Stock of domestic credit country ranks ]

Market value of publicly traded shares:
$16.93 billion (31 December 2009)
country comparison to the world: 61

$21.18 billion (31 December 2008)
$28.13 billion (31 December 2007)
[see also: Market value of publicly traded shares country ranks ]

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:
1.5% (2009 est.)
country comparison to the world: 138
[see also: Industrial production growth rate country ranks ]

Electricity - production:
10.25 billion kWh (2007 est.)
country comparison to the world: 91
[see also: Electricity - production country ranks ]

Electricity - consumption:
10.1 billion kWh (2007 est.)
country comparison to the world: 87
[see also: Electricity - consumption country ranks ]

Electricity - exports:
0 kWh (2008 est.)
[see also: Electricity - exports country ranks ]

Electricity - imports:
0 kWh (2008 est.)
[see also: Electricity - imports country ranks ]

Oil - production:
48,560 bbl/day (2009 est.)
country comparison to the world: 63
[see also: Oil - production country ranks ]

Oil - consumption:
39,000 bbl/day (2009 est.)
country comparison to the world: 105
[see also: Oil - consumption country ranks ]

Oil - exports:
238,300 bbl/day (2007 est.)
country comparison to the world: 49
[see also: Oil - exports country ranks ]

Oil - imports:
228,400 bbl/day (2007 est.)
country comparison to the world: 41
[see also: Oil - imports country ranks ]

Oil - proved reserves:
124.6 million bbl (1 January 2010 est.)
country comparison to the world: 66
[see also: Oil - proved reserves country ranks ]

Natural gas - production:
12.64 billion cu m (2008 est.)
country comparison to the world: 38
[see also: Natural gas - production country ranks ]

Natural gas - consumption:
12.64 billion cu m (2008 est.)
country comparison to the world: 43
[see also: Natural gas - consumption country ranks ]

Natural gas - exports:
0 cu m (2008 est.)
country comparison to the world: 48
[see also: Natural gas - exports country ranks ]

Natural gas - imports:
0 cu m (2008 est.)
country comparison to the world: 73
[see also: Natural gas - imports country ranks ]

Natural gas - proved reserves:
92.03 billion cu m (1 January 2010 est.)
country comparison to the world: 54
[see also: Natural gas - proved reserves country ranks ]

Current account balance:
$589 million (2010 est.)
country comparison to the world: 51

$560.2 million (2009 est.)
[see also: Current account balance country ranks ]

Exports:
$15.13 billion (2010 est.)
country comparison to the world: 75

$12.05 billion (2009 est.)
[see also: Exports country ranks ]

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

Exports - partners:
India 4.2%, Saudi Arabia 2.78% (2009)

Imports:
$12.14 billion (2010 est.)
country comparison to the world: 85

$9.613 billion (2009 est.)
[see also: Imports country ranks ]

Imports - commodities:
crude oil, machinery, chemicals

Imports - partners:
Saudi Arabia 22.91%, France 9.76%, US 7.95%, China 6.4%, South Korea 5.26%, Japan 5.19%, Germany 5.01%, UK 4.34% (2009)

Reserves of foreign exchange and gold:
$3.766 billion (31 December 2010 est.)
country comparison to the world: 78

$3.54 billion (31 December 2009 est.)
[see also: Reserves of foreign exchange and gold country ranks ]

Debt - external:
$14.68 billion (31 December 2010 est.)
country comparison to the world: 79

$10.55 billion (31 December 2009 est.)
[see also: Debt - external country ranks ]

Stock of direct foreign investment - at home:
$15.77 billion (31 December 2010 est.)
country comparison to the world: 73

$15 billion (31 December 2009 est.)
[see also: Stock of direct foreign investment - at home country ranks ]

Stock of direct foreign investment - abroad:
$8.399 billion (31 December 2010 est.)
country comparison to the world: 51

$7.549 billion (31 December 2009 est.)
[see also: Stock of direct foreign investment - abroad country ranks ]

Exchange rates:
Bahraini dinars (BHD) per US dollar - 0.376 (2010), 0.376 (2009), 0.376 (2008), 0.376 (2007), 0.376 (2006)


NOTE: The information regarding Bahrain on this page is re-published from the 2011 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Bahrain Economy 2011 information contained here. All suggestions for corrections of any errors about Bahrain Economy 2011 should be addressed to the CIA.



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