Economy - overview: | In well-to-do 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 granted as aid. A large share of exports consist 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. |
| GDP: | purchasing power parity - $11.29 billion (2004 est.) |
| GDP - real growth rate: | 4.9% (2004 est.) |
| GDP - per capita: | purchasing power parity - $16,900 (2004 est.) |
| GDP - composition by sector: | agriculture: 0.7%
industry: 42.1%
services: 57.2% (2004 est.) |
| Investment (gross fixed): | 11.9% of GDP (2004 est.) |
| Population below poverty line: | NA |
| Household income or consumption by percentage share: | lowest 10%: NA
highest 10%: NA |
| Inflation rate (consumer prices): | -0.2% (2004 est.) |
| Labor force: | 350,000
note: 44% of the population in the 15-64 age group is non-national (2004 est.) |
| Labor force - by occupation: | agriculture 1%, industry, commerce, and services 79%, government 20% (1997 est.) |
| Unemployment rate: | 15% (1998 est.) |
| Budget: | revenues: $2.981 billion
expenditures: $3.019 billion, including capital expenditures of $700 million (2004 est.) |
| Public debt: | 57.5% of GDP (2004 est.) |
| Agriculture - products: | fruit, vegetables; poultry, dairy products; shrimp, fish |
| Industries: | petroleum processing and refining, aluminum smelting, offshore banking, ship repairing; tourism |
| Industrial production growth rate: | 2% (2000 est.) |
| Electricity - production: | 6.257 billion kWh (2001) |
| Electricity - consumption: | 5.819 billion kWh (2001) |
| Electricity - exports: | 0 kWh (2001) |
| Electricity - imports: | 0 kWh (2001) |
| Oil - production: | 43,000 bbl/day (2004 est.) |
| Oil - consumption: | 31,000 bbl/day (2001 est.) |
| Oil - exports: | NA (2001) |
| Oil - imports: | NA (2001) |
| Oil - proved reserves: | 125 million bbl (2004) |
| Natural gas - production: | 8.9 billion cu m (2001 est.) |
| Natural gas - consumption: | 8.9 billion cu m (2001 est.) |
| Natural gas - exports: | 0 cu m (2001 est.) |
| Natural gas - imports: | 0 cu m (2001 est.) |
| Natural gas - proved reserves: | 46 billion cu m (2004) |
| Current account balance: | $53 million (2004 est.) |
| Exports: | $6.492 billion (2004 est.) |
| Exports - commodities: | petroleum and petroleum products, aluminum, textiles |
| Exports - partners: | US 3.5%, India 3.3%, South Korea 2.2% (2003) |
| Imports: | $5.126 billion (2003 est.) |
| Imports - commodities: | crude oil, machinery, chemicals |
| Imports - partners: | Saudi Arabia 30.7%, US 11.4%, Japan 7.8%, UK 5.7%, Germany 5.4% (2003) |
| Reserves of foreign exchange & gold: | $1.785 billion (2004 est.) |
| Debt - external: | $4.682 billion (2004 est.) |
| Economic aid - recipient: | $150 million; note - $50 million annually since 1992 from each of Saudi Arabia, UAE, and Kuwait (2002) |
| Currency: | Bahraini dinar (BHD) |
| Currency code: | BHD |
| Exchange rates: | Bahraini dinars per US dollar - 0.376 (2003), 0.376 (2002), 0.376 (2001), 0.376 (2000), 0.376 (1999) |
| Fiscal year: | calendar year
Source: CIA World Factbook
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