n:
(vacant); Charge d'Affaires David S. ROBINS
embassy:
Road No. 3119 (next to Alahli Sports Club), Zinj District, Manama
mailing address:
FPO AE 09834-5100; P.O. Box 26431, Manama
telephone:
[973] 273-300
FAX:
(973) 272-594
Flag:
red with a white serrated band (eight white points) on the hoist side

@Bahrain, Economy

Overview:
Petroleum production and processing account for about 80% of export
receipts, 60% of government revenues, and 30% of GDP. Economic
conditions have fluctuated with the changing fortunes of oil since
1985, for example, during and following the Gulf crisis of 1990-91.
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 consists of petroleum products made
from imported crude. Prospects for 1994 are good, with private
enterprise the main driving force, e.g., in banking and construction.
National product:
GDP - purchasing power equivalent - $6.8 billion (1993 est.)
National product real growth rate:
4% (1993 est.)
National product per capita:
$12,000 (1993 est.)
Inflation rate (consumer prices):
2% (1993 est.)
Unemployment rate:
8%-10% (1989)
Budget:
revenues:
$1.2 billion
expenditures:
$1.6 billion, including capital expenditures of $NA (1992)
Exports:
$3.5 billion (f.o.b., 1993 est.)
commodities:
petroleum and petroleum products 80%, aluminum 7%
partners:
Japan 13%, UAE 12%, India 10%, Pakistan 8%, Singapore 6% (1991)
Imports:
$3.7 billion (f.o.b., 1993 est.)
commodities:
nonoil 59%, crude oil 41%
partners:
Saudi Arabia 42%, US 14%, UK 7%, Japan 5%, Germany 4% (1991)
External debt:
$2.6 billion (1993)
Industrial production:
growth rate 3.8% (1988); accounts for 44% of GDP
Electricity:
capacity:
1,600,000 kW
production:
4.7 billion kWh
consumption per capita:
8,500 kWh (1992)
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, fish
Economic aid:
recipient:
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