|
|
|
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.
|
|
Petroleum processing and refining, aluminum smelting, offshore banking, ship repairing; tourism.
|
|
Fruit, vegetables; poultry, dairy products; shrimp, fish.
|
|
|
Business and Economy
|
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 in agriculture: 1%
GDP - composition in industry: 46%
GDP - composition in services: 53%
Inflation rate (consumer prices): 2% (2000 est.)
Labor force: 295,000 (1998 est.)
Unemployment rate: 15% (1998 est.)
Budget (revenues): $1.8 billion
Budget (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%)
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
|
|