Bahrain Diversifies To Draw FDI

Bahrain Diversifies To Draw FDI

After ratings downgrades a year ago, the Kingdom of Bahrain has worked to diversify revenue sources while maximizing the benefits of its strong relationship with Saudi Arabia.

 
 
Source
Central bank

Central Bank of Bahrain

International Reserves

USD 3.4 billion (2015)

International Monetary Fund (IMF), data retrieved January 2017

Gross Domestic Product - GDP

USD 33.9 billion (2017, estimate)

GDP (Purchasing Power Parity)

Intl$ 69.0 billion (2017, estimate)

Real GDP growth
2006 2007 2008 2009 2010 2011 2012
6.5% 8.3% 6.2% 2.5% 4.3% 2% 3.7%
2013 2014 2015 2016* 2017*    
5.4% 4.4% 2.9% 2.1% 1.8%    

*Estimate

GDP per capita - current prices

USD 25,203.0 (2017, estimate)

GDP per capita - PPP

Intl$ 51,265.5 (2017, estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2017*
0.05% 0.05% 0.05% 0.06% 0.06%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 0.3% 
  • industry: 33.8% 
  • services: 65.9%

(2016 estimate)

Gross domestic expenditure on R&D; (% of GDP)

N/A

 

Inflation
2013 2014 2015 2016* 2017*
3.3% 2.7% 1.8% 3.6% 3.0%

*Estimate

Unemployment rate
2013 2014 2015 2016 2017
4.4% 4.2% N/A N/A N/A

*Estimate

Household saving rates

N/A

 

Public debt (General government gross debt as a % of GDP)
2013 2014 2015 2016* 2017*
43.9% 44.4% 61.9% 75.2% 82.3%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2013 2014 2015 2016* 2017*
-5.4% -5.8% -15.1% -14.7% -11.7%

*Estimate

Government bond ratings

Standard & Poor's: BB-

Moody's: Ba2

Standard & Poor's / Moody's (Updated January 2017)

Market value of publicly traded shares
2013 2014 2015
N/A USD 22.1 billion USD 19.3 billion
Largest companies

Ahli United Bank, Arab Banking.

 
 
Source
Current account balance

USD -1.3 billion (2017 estimate)

Current account balance by percentage of GDP

-3.8% (2017 estimate)

Exports as percent of GDP (Exports of goods and services)

72.1% (2014)

Shares in world total merchandising export

0.07% (2015)

Shares in world total commercial services export

0.07% (2014)

Total exports

USD 12.1 billion (2016 estimate)

Export commodities

Petroleum and petroleum products, aluminum, textiles

Total imports

USD 8.0 billion (2016 estimate)

 
 
Source
Import commodities

Crude oil, machinery, chemicals

Exports - major partners

Saudi Arabia 3.6%, UAE 2.4%, US 2.2% (2015)

Imports - major partners

Saudi Arabia 29.1%, US 9.5%, China 7.6%, Japan 6.6%, Australia 5.1%, India 4.9% (2015)

FDI inflows
2013 2014 2015
USD 3,729 million USD 1,519 million USD -1,463 million
FDI outflows
2013 2014 2015
USD 532 million USD -394 million USD 497 million
Value of cross-border M&A, by country of purchaser
2012 2013 2014 2015
USD 527.1 million USD 317.2 million USD -2131.0 million USD -649.3 million
Cross-border M&A deals worth over $3 billion completed in 2014

N/A

(for a monthly update on M&A; click here )

Cross-border M&A deals worth over $3 billion completed in 2015

N/A

(for a monthly update on M&A; click here )

Best countries for doing business

Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 63 out of 190 countries (2016)

Subcategories:

Starting a business: 73 out of 190 countries

Enforcing Contracts: 110 out of 190 countries

Registering Property: 25 out of 190 countries

Getting credit: 101 out of 190 countries

Protecting investors: 106 out of 190 countries

Trading across border: 82 out of 190 countries

Paying Taxes: 4 out of 190 countries

Dealing with Construction Permits: 19 out of 190 countries

Getting Electricity: 72 out of 190 countries

Resolving Insolvency: 88 out of 190 countries

Global competitiveness ranking

48 out of 138 countries

(2016-2017)

Index of Economic Freedom

Ranking: 18 / Score: 74.25 (Mostly free) (2017)

(100=totally free 0=totally repressed)

 
 
Source
Time zone

UTC+3

Total area

760 sq km

Capital

Manama

Currency

Bahraini dinars (BHD)

Government type

Constitutional monarchy

Languages

Arabic (official), English, Farsi, Urdu

Religions

Muslim 70.3%, Christian 14.5%, Hindu 9.8%, Buddhist 2.5%, Jewish 0.6%, folk religion <.1, unaffiliated 1.9%, other 0.2% (2010 est.)

Total population
1990 2000 2010 2016* 2021*
0.488 million 0.638 million 1.235 million 1.319 million 1.457 million

*Estimate

 
 
Source
Urban population as % of total population
1960 1980 2000 2015
82% 86% 88% 89%
Population median age

32.1 years (2016 estimate)

Population growth rate

2.33% (2016 estimate)

Life expectancy

78.9 years (2016 estimate)

Literacy

Total population: 95.7%
Male: 96.9%
Female: 93.5% (2015 est.)

(age 15 and over can read and write)

% of population living on less than $3.10 a day

N/A

Inequality of wealth distribution (Gini index)

N/A

Freedom House rating

Political Rights: 7
Civil Liberties: 6 (2017)

(1 represents the most free, 7 the least free rating)

Source
Total telephone subscribers as % of population

Fixed 20.60%   Mobile 185.26% (2015)
(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

93.48% (2015)

Mercer Cost of living index

Manama: 71st (2016)

CO2 emissions

23.7 (2013)

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