GDP. Economic conditions
have fluctuated with the changing fortunes of oil since 1985, for example,
the Gulf crisis of 1990-91. The liberation of Kuwait in early 1991 has
improved short- to medium-term prospects and has raised investors'
confidence. Bahrain with its highly developed communication and transport
facilities is home to numerous multinational firms with business in the
Gulf. A large share of exports is petroleum products made from imported
crude.
GDP:
exchange rate conversion - $4.0 billion, per capita $7,500 (1990); real
growth rate 6.7% (1988)
Inflation rate (consumer prices):
1.5% (1989)
Unemployment rate:
8-10% (1989)
Budget:
revenues $1.2 billion; expenditures $1.32 billion, including capital
expenditures of $NA (1989)
Exports:
$3.7 billion (f.o.b., 1990 est.)
commodities:
petroleum and petroleum products 80%, aluminum 7%, other 13%
partners:
UAE 18%, Japan 12%, India 11%, US 6%
Imports:
$3.7 billion (f.o.b., 1989)
commodities:
nonoil 59%, crude oil 41%
partners:
Saudi Arabia 41%, US 23%, Japan 8%, UK 8%
External debt:
$1.1 billion (December 1989 est.)
Industrial production:
growth rate 3.8% (1988); accounts for 44% of GDP
Electricity:
3,600,000 kW capacity; 10,500 million kWh produced, 21,000 kWh per capita
(1991)
Industries:
petroleum processing and refining, aluminum smelting, offshore banking, ship
repairing
Agriculture:
including fishing, accounts for less than 2% of GDP; not self-sufficient in
food production; heavily subsidized sector produces fruit, vegetables,
poultry, dairy products, shrimp, and fish; fish catch 9,000 metric tons in
1987
Economic aid:
US commitments, including Ex-Im (FY70-79), $24 million; Western (non-US)
countries, ODA and OOF bilateral commitments (1970-89), $45 million; OPEC
bilateral aid (1979-89), $9.8 billion
Currency:
Bahraini dinar (plural - dinars); 1 Bahraini dinar (BD) = 1,000 fils
Exchange rates:
Bahraini dinars (BD) per US$1 - 0.3760 (fixed rate)
Fiscal year:
calendar year

:Bahrain Communications

Highways:
200 km bituminous surfaced, including 25 km bridge-causeway to Saudi Arabia
opened in November 1986; NA km natural surface tracks
Pipelines:
crude oil 56 km; petroleum products 16 km; natural gas 32 km
Ports:
Mina' Salman, Manama, Sitrah
Merchant marine:
9 ships (1