Short facts about the economy in Bahrain

Economy - overview:

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 imported crude. Construction proceeds on several major industrial projects. Unemployment, especially among the young, and the depletion of both oil and underground water resources are major long-term economic problems.

GDP:	purchasing power parity - $10.1 billion (2000 est.)

GDP - real growth rate:

5% (2000 est.)

GDP - per capita:

purchasing power parity - $15,900 (2000 est.)

GDP - composition by sector:

agriculture:  1% industry:  46% services:  53% (1996 est.)

Population below poverty line:

NA%

Household income or consumption by percentage share:

lowest 10%:  NA% highest 10%:  NA%

Inflation rate (consumer prices):

2% (2000 est.)

Labor force:

295,000 (1998 est.) note:  44% of the population in the 15-64 age group is non-national (July 1998 est.)

Labor force - by occupation:

industry, commerce, and service 79%, government 20%, agriculture 1% (1997 est.)

Unemployment rate:

15% (1998 est.)

Budget:

revenues:  $1.8 billion expenditures:  $2.2 billion, including capital expenditures of $NA (2001 est.)

Industries:

petroleum processing and refining, aluminum smelting, offshore banking, ship repairing; tourism

Industrial production growth rate:

2% (2000 est.)

Electricity - production:

6.185 billion kWh (1999)

Electricity - production by source:

fossil fuel:  100% hydro:  0% nuclear:  0% other:  0% (1999)

Electricity - consumption:

5.752 billion kWh (1999)

Electricity - exports:

0 kWh (1999)

Electricity - imports:

0 kWh (1999)

Agriculture - products:

fruit, vegetables; poultry, dairy products; shrimp, fish

Exports:

$5.8 billion (f.o.b., 2000)

Exports - commodities:

petroleum and petroleum products 61%, aluminum 7%

Exports - partners:

India 14%, Saudi Arabia 5%, US 5%, UAE 5%, Japan 4%, South Korea 4% (1999)

Imports:

$4.2 billion (f.o.b., 2000)

Imports - commodities:

nonoil 59%, crude oil 41%

Imports - partners:

France 20%, US 14%, UK 8%, Saudi Arabia 7%, Japan 5% (1999)

Debt - external:

$2.7 billion (2000)

Economic aid - recipient:

$48.4 million (1995)

Currency:

Bahraini dinar (BHD)

Currency code:

BHD

Exchange rates:

Bahraini dinars per US dollar - 0.3760 (fixed rate pegged to the US dollar)

Fiscal year:

calendar year

Source: World Factbook