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,

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. Tourism , especially from the region, has proved another significant source of income. Bahrain has benefited from the oil boom since , with economic growth of 5. It has succeeded in attracting investment from other Persian Gulf states partly because it used the revenues of the s-early 80s boom to invest in infrastructure development and other projects to improve the standard of living; health, education, housing, electricity , water, and roads all received attention.

GDP per Capita. In ,it was announced that bahrain gdp per capita 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.

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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. Thereby the gross domestic product was first converted from national currency to U.

Bahrain gdp per capita

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 Ratio of government expenditure to gross domestic product GDP in Bahrain Gross domestic product of the MENA countries in Skip to main content. This text provides general information. Statista assumes no liability for the information given being complete or correct.

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Other statistics that may interest you Bahrain Population 8. If you are an admin, please authenticate by logging in again. Economy of Asia. Skip to main content. Bahrain's development as a major financial center has been the most widely heralded aspect of its diversification effort. You only have access to basic statistics. Inflation CPI. International Monetary Fund. October International financial institutions operate in Bahrain, both offshore and onshore, without impediments. In the long-term, the Bahrain GDP per capita is projected to trend around To access this feature you need a Statista Account. Bahrain's international airport is one of busiest in the Persian Gulf, serving 22 carriers.

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Supplementary notes. Download as PDF Printable version. Click here to contact us. China Producer Prices Drop for 17th Month. Features Questions? Economic Calendar. GDP from Public Administration. Bahrain's development as a major financial center has been the most widely heralded aspect of its diversification effort. Developer Docs Features. Currently, you are using a shared account. Statista Accounts: Access All Statistics. Markets Currency Stock Market. Toggle limited content width. The success of ventures such as the Bahrain Grand Prix has raised the Kingdom's international profile, and combined with the boom in Islamic banking , has encouraged major airlines to resume services to the country, with Lufthansa announcing on 14 March that it would schedule three flights a week to Muharraq from Frankfurt Archived at the Wayback Machine.