Page 20 - BBD 2020-21 Full_Neat

BAHRAIN - ECONOMIC SNAPSHOT Bahrain: Economic Snapshot

Quick Facts

Population
alloyed, with a max cross sec, Aluminium

l

unwrought, alloyed and Plate, sheet or strip,

1,501,611 (January 2021 est)

aluminium alloy
Capital City
l
l
Manama
UAE 8.81%, Saudi Arabia 33.02%, US 5.29%,

Main Cities
l
China 8.16%, Australia 4.59% (2019)

Muharraq, Isa Town, Riffa

Imports
l Exports - partners
l Languages $ 20,591,587 (2018) Trade Map
Arabic, While the English as an official language
is used in the business sector. l Major Imports
Petroleum oils, Aluminium oxide, other than
l Population growth rate artificial corundum, Non-agglomerated iron ores
7.4% on average (Ministry of Information Affairs) and concentrates and Automobiles with
l Life expectancy reciprocating piston engine
78.2 years (76.0 - men, 80.3 - women) l Imports - partners
Saudi Arabia 33.1% China 9.1%, UAE 6.4%,
l Literacy US 5.9%, Australia 4.6%, Japan 3.9% (2018)
97.46 (2018) (UNESCO) Trade Map
l Labour force l Financial Sector
831,600 (2017 est.)
Gross Domestic Product (GDP) (current) US
l Government type dollars 31.1 billion (2015)
Constitutional monarchy Growth - 6.8% (2015)
l Governorates GDP (Constant) US dollars 30.8 billion (2015)
Bahrain is split into four governorates - Growth - 2.9% (2015)
The Capital, Muharraq, Northern and Southern
l Currency
l National Day Bahraini Dinars
th
16 December
l Fixed Exchange Rate
l Legal system 1 Bahraini Dinar = 2.65 US Dollars
Mixed legal system of Islamic law, English
common law, Egyptian civil, criminal, and l Exchange rate policy
commercial codes; customary law Maintained against the US Dollar
l Days of Business l Currency Regulations
Work schedules in government agencies No restriction on import or export of currency
07:00 - 14:15 (Sunday to Thursday) l Visa Requirements
Banking and financial institutions , private sector It is requirement for all nationals and passport
07:30 - 13:00 is the normal working hours should have 6 months’ validity
(Sunday to Thursday) l Chamber of Commerce:
And rely working hours in the evening on the Bahrain Chamber of Commerce & Industry
bank or institution PO Box 248, Manama
l Major Industries Tel: 1738 0107, Fax: 1738 0123
Petroleum processing and refining, Aluminum Email: bcci@bcci.bh
Smelting, Iron Pelletization, Oil, Fertilizers, l Tax:
Islamic and Offshore Banking, Insurance, 5% VAT (Effective 2019)
Ship Repairing, Tourism
l Exports
$15.5 million (2018 – 2019)
l Major Exports Sources:
Petroleum oils, etc., (excl. crude), Agglomerated https://www.bahrain.bh/
https://countrymeters.info/en/Bahrain
iron ores and concentrates, Wire, aluminium, not https://oec.world/en/profile/country/bhr
18 Bahrain Banks Directory 2021