Economy of Bahrain
Population: 1.57 M (2018)
GDP per Capita: 24,051 USD (2018)
37,750 M.

GDP USD

(2018)

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30,170 M.

EXPORTS USD

(2018)

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27,050 M.

IMPORTS USD

(2018)

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80.70 %

PUBLIC DEBT

(2018)

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Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 1.78 % (2018)
GDP of 2010 USD USD 33.60 B. (2018)
GDP Current USD USD 37.75 B. (2018)
GDP per Capita Current USD USD 24,051 (2018)
GDP per capita, PPP USD 41,973 (2018)
GDP per Capita, 2010 USD USD 21,438 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP 15.92 % (2018)
Government Spending USD 6.01 B. (2018)
Government Debt % GDP 80.70 % (2018)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 137.73 (2018)
Trade Openness 151.59 % (2018)
Exports of Goods and Services % GDP 79.94 % (2018)
Exports Goods & Services USD 30.17 B. (2018)
Exports Annual Growth 2.68 % (2018)
Imports as % GDP 71.66 % (2018)
Total Imports USD 27.05 B. (2018)
Foreign Direct Investment % GDP 0.29 % (2018)
Foreign Direct Investment USD 1.52 B. (2018)
Current Account Balance % GDP USD -6.45 % (2018)
Current Account Balance USD -2.43 B. (2018)
Trade Balance % GDP % (2018)
Trade Balance USD 2.91 B. (2018)
Foreign Exchange Reserves incl Gold USD 2.33 B. (2018)
Remittances % GDP USD 2.33 B. (2018)
Remittances USD 2.33 B. (2018)
Balance of Payments USD 4,784 M. (2018)

Labor Market

Indicator Value
Labor Force 0.98 M. (2019)
Unemployment Rate 0.97 % (2019)
Unemployment Rate Females 2.96 % (2019)
Unemployment Rate Males 0.15 % (2019)
Youth Unemployment (ages 15-24) 5.31 % (2019)
Labor Force Participation Rate 73.26 % (2019)
Labor Force (Percent Female) 20.08 % (2019)
Female Labor Force Participation Rate 44.61 % (2019)
Male Labor Force Participation Rate 87.45 % (2019)
Dependent People 27.68 % (2018)

Agriculture Sector

Indicator Value
Forest Area 0.80 % (2016)
Forest Area km² 6 km² (2016)
Agricultural Land 11.05 % (2016)
Agricultural Land km² 86 km² (2016)
Employment 1.03 % (2019)
Value added % GDP 0.29 % (2018)
Agriculture Value added USD 0.11 B. (2018)
Crop Production Index 103.60 (2016)
Precipitation 83 mm (2014)
Arable Land 2 % (2016)
Cereal Yield 2 % (2016)
Food production index 201 (2016)
Rural Population 11 % (2018)
Fertilizer use of Arable Land 1,319 kg/hectare (2016)
Livestock Production Index 360 (2016)
Economy of Bahrain

According to the World Bank and its latest published data, the economy of the Bahrain presents a growth rate of 1.78 % (2018) to the previous year.

With a population that reaches 1.57 M (2018) and a gross domestic product of USD 37.75 B. (2018), it translates a Gross Domestic Product per Capita of USD 24,051 placing its inhabitants on the threshold of an High-income country (according to the World Bank's updated classification).

Bahrain also has a workforce of 0.98 M. (2019) with an unemployment rate of 0.97 % (2019), where women represent 2.96 % (2019) and men 0.15 % (2019), the unemployment rate for young people between 15-24 years old stood at 5.31 % (2019). The total number of dependent people stands at 27.68 % (2018).

The central government spent 15.92 % (2018) of its gross domestic product that year, which in absolute terms is USD 6.01 B. (2018). Its consolidated public debt reached 80.70 of its GDP, exceeding the 35% risk limit used by the European Union.

Regarding its international trade, Bahrain exported USD 30.17 B. (2018), which represents 79.94 % (2018) of its gross domestic product, in that same sense its imports reached USD 27.05 B. (2018) with a direct foreign investment of USD 1.52 B. (2018).

Bahrain has a forest area of 6 km² (2016), which represents 0.80 % (2016) of its total area, an average rainfall of 83 mm (2014) per year and a population of 11 % (2018) living in rural areas. With a total area of 86 km² (2016) available for agriculture and 1.03 % (2019) of its employments, the agricultural sector contributes to the economy of the Bahrain about USD 0.11 B. (2018) (0.29 % (2018) of its GDP).