Bahrain: Economy
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Income Level (by per capita GNI) Source: The World Bank Possible values: High Income, Upper Middle Income, Lower Middle Income and Low Income |
High Income |
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Level of Development
Source: United Nations Possible values: Developed, In Transition and Developing |
Developing |
| Economic Trivia | Petroleum production and refining account for more than 60% of Bahrain's export receipts, 70% of government revenues, and 11% of GDP. |
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Trade
Source: United Nations Comtrade Note: Top 3 trade partners are calculated by imports + exports. |
Top 3 Trade Partners (2020): Saudi Arabia, China, and United Arab Emirates |
| Top Industries Source: CIA World Factbook | Petroleum Processing and Refining; Aluminum Smelting; Iron Pelletization; Fertilizers |
Gross Domestic Product (GDP) [1]
| GDP, PPP (current international) | $90,141,730,810 (2022) |
| GDP Growth Rate (annual %) | 4.861% (2022) |
| GDP Per Capita, PPP (current international) | $61,228 (2022) |
GDP Country Rank 99/197 (2022)
Economic Indicators [1]
| Inflation, consumer prices (annual %) | 3.626% (2022) |
| External debt stocks, total (DOD, current US$) | $10,729,125,000 (2011) |
| Total tax rate (% of commercial profits) | 13.8% (2019) |
| Real Interest Rate (5 year average %) | 15.886% (2015) |
| Manufacturing, value added (% of GDP) | 21.438% (2022) |
| Current Account Balance (BoP, current US$) | ($2,434,574,468) (2018) |
Labor and Employment [1]
| Labor Force, Total | 842,278 (2022) |
| Employment in Agriculture (% of total employment) | 0.982% (2021) |
| Employment in Industry (% of total employment) | 34.924% (2021) |
| Employment in Services (% of total employment) | 64.093% (2021) |
| Unemployment Rate | 1.399% (2022) |
Trade [1]
| Imports of goods and services (current US$) | $27,577,393,617 (2021) |
| Exports of goods and services (current US$) | $35,234,574,468 (2021) |
| Total Merchandise Trade (% of GDP) | 102.104% (2022) |
| FDI, net inflows (BoP, current US$) | $1,951,329,787 (2022) |
| Commercial Service Exports (current US$) | $12,053,723,404 (2018) |
Economic Snapshot [1]
Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.
How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Bahrain’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.