Bahrain gdp per capita

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Additional Information. The values have been rounded to provide a better understanding of the statistic. Skip to main content. The gross domestic product per capita in Bahrain was forecast to continuously increase between and by in total 2, After the fifth consecutive increasing year, the GDP per capita is estimated to reach 31,

Bahrain gdp per capita

The economy of Bahrain is heavily dependent upon oil and gas. Bahrain's finance industry is very successful. In and , the balance of payments improved due to rising oil prices and increased receipts from the services sector. Bahrain's urgency in embracing economic liberalisation is due to its need to diversify the economy away from its limited oil supplies. Unlike its Persian Gulf neighbours, Bahrain has little oil wealth and the economy has expanded into banking , heavy industries, retail and tourism. The Kingdom is the main banking hub for the Persian Gulf and a centre for Islamic finance, which has been attracted by the strong regulatory framework for the industry. A massive privatization programme is underway to sell off key government assets: utilities, banks, financial services, and telecommunications have started to come under the control of the private sector. As a result, the economy has been well positioned to exploit the extra revenues generated in the region thanks to the sustained high oil prices since Bahrain has at times received significant budgetary support and project grants from Saudi Arabia , Kuwait and the United Arab Emirates. The government has used its modest oil revenues to build an advanced infrastructure in transportation and telecommunications. Bahrain is a regional financial and business center. Tourism , especially from the region, has proved another significant source of income.

Accessed November 6, International financial institutions operate in Bahrain, both offshore and onshore, without impediments.

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Bahrain gdp per capita

This website stores cookies on your computer. These cookies are used to collect information about how you interact with our website and allow us to remember you. We use this information in order to improve and customize your browsing experience and for analytics and metrics about our visitors both on this website and other media. To find out more about the cookies we use, see our Cookies Policy. A single cookie will be used in your browser to remember your preference not to be tracked. The data reached an all-time high of 26, The Central Bank of Bahrain average market exchange rate is used for currency conversions. Bahrain Nominal GDP reached Its GDP deflator implicit price deflator fell 1. Gross Savings Rate of Bahrain was measured at

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CIA World Factbook. Register for free Already a member? In the long-term, the Bahrain GDP per capita is projected to trend around In other projects. Bahrain Changes in Inventories at Gross external debt. Accessed November 6, Already have an account? Retrieved 3 March Statista Accounts: Access All Statistics. The most important statistics. Bahrain articles.

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Retrieved 3 March Bahrain Average Precipitation at The plant, completed in , produces ammonia , methanol and urea for export. Bahrain has benefited from the oil boom since , with economic growth of 5. GDP from Agriculture. Profit from the additional features of your individual account. Download for free. World portal. Archived from the original on December 28, GDP Constant Prices. International Monetary Fund. Bahrain's other industries include Aluminum Bahrain, which operates an aluminum smelter—the largest in the world with an annual production of about 1,, metric tons—and related factories, such as the Aluminum Extrusion Company and the Gulf Aluminum Rolling Mill Company GARMCO [3].