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, This indicator describes the gross domestic product per capita at current prices.

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.

This indicator describes the gross domestic product per capita at current prices. Summary Forecast Download.

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Gross domestic product GDP per capita in Bahrain Gross domestic product GDP growth rate in Bahrain Bahrain: Growth rate of the real gross domestic product GDP from to compared to the previous year. National debt of Bahrain in relation to gross domestic product GDP Ratio of military expenditure to gross domestic product GDP in Bahrain

Bahrain gdp per capita

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Calendar Forecast Indicators News. Other statistics on the topic. In ,it was announced that the Bahrain Science and Technology Park,a Kuwait Finance House Bahrain initiative would be a reflection of this effort to create a diversified economy, provide high quality jobs for locals and international workforce, providing a place for innovative and inventive thinking that will have direct benefits to the island nation. World Bank. Loading statistic Register for free. Show source. Bilateral Relations Fact Sheets. Archived from the original on 12 December Archived edition This article incorporates public domain material from U. Bahrain Gross Fixed Capital Formation at Summary Forecast Download. Bahrain Money Supply M2 at

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United States Department of State. Aaron O'Neill. Outline Index Category Portal. Show source. 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 Human Development Index. Standard users can export data in a easy to use web interface. Bahrain also receives a large portion of the net output and revenues from Saudi Arabia's Abu Saafa offshore oilfield. As part of its efforts to build a modern economy, Bahrain has initiated a series of labour reforms under Minister of Labour Majeed Al Alawi in order to bring the labour market into line with international standards. Bahrain Three Month Interbank Rate at 6. Petroleum and natural gas are the only significant natural resources in Bahrain. Calendar Forecast Indicators News. Bilateral Relations Fact Sheets.