Economic overview: Extraction and refining of oil I generates 60% of export revenues, 60% of government revenues and 30% of GDP. With its highly developed communications and transportation systems, Bahrain has become home to numerous firms doing business in the Gulf countries. Bahrain is dependent on Saudi Arabia’s aid from its oil revenues. A large percentage of exports are petroleum products made from imported crude oil. The construction of several large industrial facilities continues. The main long-term problems of economy | | ci are unemployment, especially among young people, and the depletion of oil and groundwater reserves. See businesscarriers.com to know more about Bahrain Economics and Business.
GDP: Purchasing Power Parity $10.1 billion (2000 est.)
Real GDP growth rate: 5% (2000 est.).
GDP per capita: PPP $15,900 (2000 est.)
The composition of GDP by sectors of the economy: agriculture: 1%; industry: 46%; services: 53% (1996 est.).
Proportion of the population below the poverty line: no data available.
Percentage distribution of household income or consumption: for the poorest 10% of households: n/a; by top 10% of households: no data.
Inflation rate at consumer prices: 2% (2000 OC).
Labor force: 295,000 people (1998 est.); note: 44% of the population aged 15-64 are foreign nationals (July 1998 est.).
Employment structure: industry, trade and services 79%, management 20%, agriculture 1% (1997 est.).
Unemployment rate: 15% (1998 est.).
Budget: revenues: $1.8 billion; expenditures: $2.2 billion, including capital expenditures – NA (2001 est.).
Spheres of economy: oil refining and oil refining, aluminum smelting, offshore banks, ship repair enterprises; tourism.
Growth in industrial production: 2% (2000).
Electricity generation: 6.185 billion kWh (1999)
Sources of electricity generation: fossil fuels: 100%; hydropower: 0%; nuclear fuel: 0%; others: 0% (1999).
Electricity consumption: 5.752 billion kWh (1999)
Electricity export: 0 kWh (1999).
Electricity import: 0 kWh (1999).
Agricultural products: fruits, vegetables; poultry, dairy products; shrimp, fish.
Export: $5.8 billion (free on board, 2000)
Export items: oil and oil products 61%, aluminum 7%.
Export partners: India 14%, Saudi Arabia 5%, USA 5%, UAE 5%, Japan 4%, South Korea 4% (1999).
Imports: $4.2 billion (free on board, 2000)
Imports: crude oil 41%, other 59%.
Import partners: France 20%, US 14%, UK 8%, Saudi Arabia 7%, Japan 5% (1999).
External debt: $2.7 billion (2000) Economic aid recipient: $48.4 million (1995)
Economic aid donor:
Currency: Bahraini dinar.
Currency code: BHD.
Exchange rate: BHD / USD – 0.3760 (fixed rate).
Fiscal year: calendar year.
Telecommunications Telephone lines: 152,000 (1997).
Mobile Cell Phones: 58,543 (1997).
Telephone system: modern; internal: modern fiber-optic integrated communication; digital communications with increasing use of mobile cellular phones; international: troposcatter communication with Qatar and the UAE; microwave radio relay to Saudi Arabia; submarine cable to Qatar, UAE and Saudi Arabia; earth satellite stations – 2 Intelsat (1 region of the Atlantic Ocean and 1 region of the Indian Ocean) and 1 Arabsat (1997).
Broadcast stations: AM – 2, FM – 3, shortwave – 0 (1998).
Radio receivers: 338,000 (1997).
Television broadcast stations: 4 (1997).
TVs: 275,000 (1997).
Internet country code: bh
Internet providers: 1 (2000).
Number of users: 37,500 (2000).
Transport Railways: 0 km.
Roads: total: 3,164 km; coated: 2,433 km; unpaved: 731 km (1998 est.); note: connecting Bahrain with Saudi Arabia is connected by a dam along which a road was laid.
Pipelines: for crude oil: 56 km; for oil products: 16 km; for natural gas: 32 km.
Ports and harbors: Manama, Mina Salman, Sitra.
Merchant fleet: total: 7 ships (displacement of 1,000 tons or more) with a total displacement of 175,609 gross register tons / 207,652 long tons of gross tonnage; ships of different types: dry cargo ships – 2, cargo ships – 3, container ships – 2 (2000 est.).
Airports: 3 (2000 est.).
Airports with paved runways: total: 2; over 3,047 m: 2 (2000 est.).
Airports with unpaved runways: total: 1; from 1524 to 2437 m: 1 (2000 est.). Helipads: 1 (2000 est.).
Branches of the armed forces: land sips, navy, air force, coast guard, police.
Conscription age: 15 years.
Total military manpower: men 15 to 49 pets: 222,141 (2001 est.).
Eligible for military service: men 15 to 49 pets: 121,833 (2001 est.).
Number of persons reaching military age each year: men: 5,926 (2000 est.).
Military spending in dollar terms: $318 million (1999)
Military spending as part of GDP: 5.2% (1999).
International Issues International Disputes: in Bahrain’s dispute with Qatar over the Hawar Islands, the International Court of Justice ruled in favor of Bahrain; the maritime boundary dispute between Bahrain and Qatar is currently pending before the International Court of Justice.