logo

ECON FACTBOOK

Home    About

Economy of Bahrain

Population: 1.3 million in 20131

GDP: $33 billion in 20132

GDP per capita: $24,689 nominal3 ($43,824 PPP4) in 2013

GDP growth rate: 5.3% in 20135

Industries

GDP by Industry 20126

Industry sectorValue added ($ millions) 2012Percent of total
Other activities10,73937.3%
Mining and utilities8,37629.1%
Manufacturing4,33015.0%
Construction1,7796.2%
Transport, storage and communication1,7596.1%
Wholesale, retail trade, restaurants and hotels1,7326.0%
Agriculture, hunting, forestry, fishing840.3%
Total value added28,799100%

Employment

Unemployment rate: 7.4% in 20137

Employment by Industry 19978

Employment sectorPercent of total
Industry79%
Services20%
Agriculture1%
Total100%

Corporations

Top 10 Corporations by Revenue 20139

N/A

Households

Household Wealth: $28 billion (75% of GDP) in 201410

Household Wealth per Adult: $28,522 in 201410

Gini Coefficient: N/A

Government

Central Government

Central Government Revenue: $8.1 billion (25% of GDP) in 201311

Central Government Expenditure: $9.2 billion (28% of GDP) in 201311

Central Government Budget Balance: -$1.1 billion (-3% of GDP) in 201311

Central Government Public Debt: $14.2 billion (43% of GDP) in Nov 2014* 12

Central Government 10 Year Bond Interest Rate: 6.2% in Jun 201313

* Public debt calculated using the exchange rate .377 BHD = 1 USD

Government Funds

Bahrain Mumtalakat Holding Company BSC: $6.8 billion in 201414

Tax Structure

Individual Income Tax Rates and Thresholds in 201315

Corporate Tax Rate: 0%16

Monetary Policy

Money Supply (M1): $8.2 billion (25% of GDP) in Nov 2014* 17

Benchmark Interest Rate: O/N Repo Rate = 2.25% in Feb 2015 18

Total Reserves: $5.5 billion (17% of GDP) in 201319

Exchange Rate: .377 Bahraini Dinars = 1 U.S. Dollar on Feb 9, 201520

Inflation: 3.2% in 201321

* Money supply calculated using the exchange rate .377 BHD = 1 USD

Financial Institutions

Top 10 Financial Institutions by Assets 201322

N/A (data not available at Relbanks.com)

International Accounts

Exports: $20.7 billion (63% of GDP) in 201323

Imports: $14.4 billion (44% of GDP) in 201323

Trade Balance: +$6.3 billion (+19% of GDP) in 201323

Foreign Direct Investment Inflow: $989 million (3% of GDP) in 201324

Foreign Direct Investment Outflow: N/A

Foreign Aid Inflow: N/A

Foreign Aid Outflow: N/A

References

1. Source: World Bank Indicators (Population) Go back
2. Source: World Bank Indicators (GDP) Go back
3. Source: World Bank Indicators (GDP per capita) Go back
4. Source: World Bank Indicators (GDP per capita PPP) Go back
5. Source: World Bank Indicators (GDP growth rate) Go back
6. Source: United Nations Statistics Division (GDP by industry) Go back
7. Source: World Bank Indicators (Unemployment rate) Go back
8. Source: CIA World Factbook (Employment by economic activity) Go back
9. Source: Annual reports (Corporate data) Go back
10. Source: Credit Suisse Global Wealth Databook (Household wealth) Go back
11. Source: CIA World Factbook (Government budget) Go back
12. Source: Central Bank of Bahrain, Publications and Data, Statistical Bulletin (Public debt) Go back
13. Source: Bloomberg (Government bond yield) Go back
14. Source: ESADE Sovereign Wealth Funds (Government bond yield) Go back
15. Source: PKF Tax Guide (Individual tax rates) Go back
16. Source: Tax Foundation (Corporate tax rate) Go back
17. Source: Central Bank of Bahrain, Publications and Data, Statistical Bulletin (Money supply) Go back
18. Source: Central Bank of Bahrain (Benchmark interest rate) Go back
19. Source: World Bank Indicators (Total reserves) Go back
20. Source: xe.com (Exchange rate) Go back
21. Source: World Bank Indicators (Inflation rate) Go back
22. Source: Relbanks.com (Financial institutions by assets) Go back
23. Source: CIA World Factbook (Trade data) Go back
24. Source: World Bank Indicators (FDI data) Go back