Bahrain is one of the most diversified economies in the Persian Gulf. Highly developed communication and transport facilities make Bahrain home to numerous multinational firms with business in the Gulf. As part of its diversification plans, Bahrain implemented a Free Trade Agreement (FTA) with the US in August 2006, the first FTA between the US and a Gulf state. Bahrain's economy, however, continues to depend heavily on oil. Petroleum production and refining account for more than 60% of Bahrain's export receipts, 70% of government revenues, and 11% of GDP (exclusive of allied industries). Other major economic act... More..
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SOURCE: CIA - The World Factbook | |
Currency | Bahraini Dinar |
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Fiscal Year | 01 January - 31 December |
GDP (PPP) | $27.99 billion (2009 est.) |
GDP (per capita) | $38,400 (2009 est.) |
Exports | $12.5 billion (2009 est.) |
Imports | $10.37 billion (2009 est.) |
Main Industries | Petroleum Processing and Refining, Aluminum Smelting, Iron Pelletization, Fertilizers, Islamic and Offshore Banking, Insurance, Ship Repairing, Tourism |
Exports - Commodities | Petroleum and Petroleum Products, Aluminum, Textiles |
Imports - Commodities | Crude Oil, Machinery, Chemicals |
Exports Partners | India 4%, Saudi Arabia 3.4%, UAE 2.2% (2008) |
Imports Partners | Saudi Arabia 26%, Japan 8.7%, US 7.6%, China 6%, Germany 4.7%, South Korea 4.6%, UK 4.4% (2008) |
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