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. 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. 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.

Bahrain's urgency in embracing economic liberalisation is due to its need to bahrain gdp per capita the economy away from its limited oil supplies. The government has used its modest oil revenues to build an advanced infrastructure in transportation and telecommunications. Ethnic groups Languages Religion Freedom of religion.

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Subscription Plans Features. Developer Docs Features. Already a user? App Store Google Play Twitter. Customers Investors Careers About us Contact. Summary Stats Forecast Download. The Gross Domestic Product per capita in Bahrain was last recorded at

Bahrain gdp per capita

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Statista Accounts: Access All Statistics. 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. Loading statistic National Statistics World Bank. International Age structure in Bahrain GDP Constant Prices. Petroleum industry in the Middle East. Bilateral Relations Fact Sheets. Bahrain Gross Fixed Capital Formation at Outline Index.

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Aaron O'Neill. The plant, completed in , produces ammonia , methanol and urea for export. Retrieved 26 May Retrieved 14 November GDP per Capita in Bahrain averaged It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. Archived edition This article incorporates public domain material from U. World Trade Organization. Bahrain's development as a major financial center has been the most widely heralded aspect of its diversification effort. The following table shows the main economic indicators in — Archived from the original on 25 February Accessed: March 10, Government debt. View Business Solutions. Fiscal year.