FREE BOOKS

Author's List




PREV.   NEXT  
|<   60   61   62   63   64   65   66   67   68   69   70   71   72   73   74   75   76   77   78   79   80   81   82   83   84  
85   86   87   88   89   90   91   92   93   94   95   96   97   98   99   100   101   102   103   104   105   106   107   108   109   >>   >|  
l parties prohibited; several small, clandestine leftist and Shia fundamentalist groups are active Suffrage: none Elections: none Communists: negligible Member of: Arab League, FAO, G-77, GATT (de facto), GCC, IBRD, ICAO, IDB--Islamic Development Bank, ILO, IMF, IMO, INTERPOL, ITU, NAM, OAPEC, OIC, UN, UNESCO, UPU, WHO Diplomatic representation: Ambassador Ghazi Muhammad AL-QUSAYBI; Chancery at 3502 International Drive NW, Washington DC 20008; telephone (202) 342-0741 or 342-0742; there is a Bahraini Consulate General in New York; US--Ambassador Dr. Charles W. HOSTLER; Embassy at Shaikh Isa Road, Manama (mailing address is P. O. 26431, Manama, or FPO New York 09526); telephone p973o 714151 through 714153 Flag: red with a white serrated band (eight white points) on the hoist side - Economy Overview: The oil price decline in recent years has had an adverse impact on the economy. Petroleum production and processing account for about 85% of export receipts, 60% of government revenues, and 20% of GDP. In 1986 soft oil-market conditions led to a 5% drop in GDP, in sharp contrast wit the 5% average annual growth rate during the early 1980s. The slowdown in economic activity, however, has helped to check the inflation of the 1970s. The government's past economic diversification efforts have moderated the severity of the downturn but failed to offset oil and gas revenue losses. GDP: $3.5 billion, per capita $7,550 (1987); real growth rate 0% (1988) Inflation rate (consumer prices): 0.3% (1988) Unemployment: 8-10% (1989) Budget: revenues $1,136 million; expenditures $1,210 million, including capital expenditures of $294 million (1987) Exports: $2.4 billion (f.o.b., 1988 est.); commodities--petroleum 80%, aluminum 7%, other 13%; partners--US, UAE, Japan, Singapore, Saudi Arabia Imports: $2.5 billion (f.o.b., 1988 est.); commodities--nonoil 59%, crude oil 41%; partners--UK, Saudi Arabia, US, Japan External debt: $1.1 billion (December 1989 est.) Industrial production: growth rate - 3.1% (1987) Electricity: 1,652,000 kW capacity; 6,000 million kWh produced, 12,800 kWh per capita (1989) 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 cat
PREV.   NEXT  
|<   60   61   62   63   64   65   66   67   68   69   70   71   72   73   74   75   76   77   78   79   80   81   82   83   84  
85   86   87   88   89   90   91   92   93   94   95   96   97   98   99   100   101   102   103   104   105   106   107   108   109   >>   >|  



Top keywords:

million

 

billion

 

growth

 

production

 
processing
 

Manama

 

revenues

 

capita

 

partners

 

aluminum


petroleum

 

Arabia

 

commodities

 
telephone
 
expenditures
 
including
 

economic

 

government

 

Ambassador

 

negligible


Communists

 

capital

 

Member

 
Budget
 

League

 

Elections

 
fundamentalist
 
groups
 

Unemployment

 
Suffrage

active
 

Exports

 
consumer
 

failed

 
offset
 

revenue

 

downturn

 
severity
 

diversification

 

efforts


moderated

 
losses
 

Inflation

 

leftist

 
prices
 

clandestine

 

sufficient

 

accounts

 
fishing
 

banking