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The major industries are Petroleum processing and refining, Aluminium smelting and downstream production, Ship repairing, offshore Banking and Finance, Insurance, business services and tourism.
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| Economic Data |
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Bahrain's Economy At A Glance
The Kingdom of Bahrain gained independence in 1971 and has been transformed in 2002 into a constitutional monarchy with a democratically elected parliament. From the early 1930s Bahrain’s economy has been thriving on the refining of oil, extracted both locally and from offshore oil fields, while the exploitation and liquefaction of natural gas continues to provide abundant low cost energy. The economic diversification and transformation of Bahrain has started in the 1970s. Bahrain is a member of the World Trade Organisation (WTO) and has subscribed to the principles of a free market economy. The major industries are Petroleum processing and refining, Aluminium smelting and downstream production, Ship repairing, offshore Banking and Finance, Insurance, business services and tourism.
| Total Population |
645,000 |
| Foreign Nationals |
40% |
| Total Work Force |
312,000 |
| Gross Domestic Product (GDP) |
US$ 8.4 billion |
| GDP real growth rate |
4% |
| GNP per capita |
US$ 15,900 |
| Exports |
US$ 5.8 billion |
| Export destinations |
mostly Asia |
| Export commodities |
Petroleum products, Aluminium, Services |
| Imports |
US$ 4.5 billion |
| Origin of Imports |
Saudi Arabia, Europe, Japan, USA |
| Import Commodities |
Crude Oil, all non-oil commodities |
(All figures 2001 estimates)
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