Page 22 - BBD 2020 - FINAL

BAHRAIN - ECONOMIC SNAPSHOT Bahrain: Economic Snapshot

Quick Facts

Exports - partners
Population
l
l
1,678,967 (January 2020 est)
UAE 6.35%, Saudi Arabia 33.08%, US 5.85%,

China 9.12%, Australia 4.59% (2018)

l
Capital City
Manama

$ 20,591,587 (2018) Trade Map
Main Cities
l
Major Imports

Muharraq, Isa Town, Riffa
l
Petroleum oils, Aluminium oxide, other than
l Imports
l Languages artificial corundum, Non-agglomerated iron ores
Arabic (official), English
and concentrates and Automobiles with
l Population growth rate reciprocating piston engine
7.4% on average (Ministry of Information Affairs) l Imports - partners
l Life expectancy Saudi Arabia 33.1% China 9.1%, UAE 6.4%,
78.2 years (76.0 - men, 80.3 - women) US 5.9%, Australia 4.6%, Japan 3.9% (2018)
Trade Map
l Literacy
97.46 (2018) (UNESCO) l GDP - per capita (PPP)
44350.60 USD (2020 est.)
l Labour force
831,600 (2017 est.) l Currency
Bahraini Dinars
l Government type
Constitutional monarchy l Exchange rates
1 USD = 0.376 BHD (2017 est.)
l Governorates
5 (The Capital Manama, Muharraq, Northern, l Exchange rate policy
Central and Southern) Maintained against the US Dollar
l National Day l Currency Regulations
16 December No restriction on import or export of currency
l Legal system l Visa Requirements
Mixed legal system of Islamic law, English It is requirement for all nationals and passport
common law, Egyptian civil, criminal, and should have 6 months’ validity
commercial codes; customary law l Chamber of Commerce:
l Days of Business Bahrain Chamber of Commerce & Industry
Government offices are generally open from PO Box 248, Manama
7:30 am to 2 pm. Most business operate from Tel: 1738 0107, Fax: 1738 0123
8 am to 5 pm. Sunday - Thursday(Some business Email: bcci@bcci.bh
remains open on Saturday; Friday is the official l Gold Rate
day of rest) 19.05 BHD/Gram 24K (January 26th 2020)
l Bahrain Gasoline price
l Major Industries
Petroleum processing and refining, Aluminum 0.757 / Gallon
Smelting, Iron Pelletization, Oil, Fertilizers, l Oil price per barrel
Islamic and Offshore Banking, Insurance, 64 USD
Ship Repairing, Tourism l Tax:
l Exports 5% VAT (Effective 2019)
$15.5 million (2018 – 2019)
l Major Exports Sources:
https://countrymeters.info/en/Bahrain
Petroleum oils, etc., (excl. crude), Agglomerated https://www.cia.gov/library/publications/the-world-factbook/geos/ba.html
iron ores and concentrates, Wire, aluminium, not https://www.mia.gov.bh/kingdom-of-bahrain/population-and-demographics/?lang=en
alloyed, with a max cross sec, Aluminium https://www.worldometers.info/demographics/bahrain-demographics/
https://www.worldtravelguide.net/guides/middle-east/bahrain/passport-visa/
unwrought, alloyed and Plate, sheet or strip, https://www.bna.bh/en/news?cms=q8FmFJgiscL2fwIzON1%2BDg0aQjZH3kIXPwF0DJ
aluminium alloy R%2BiLg%3D
https://wits.worldbank.org/countrysnapshot/en/BHR
https://www.trademap.org/Index.aspx
20 Bahrain Banks Directory 2020