The economy of bahrain is heavily dependent upon oil and gas. Whilst the country had closest economic relations with indians or south. The amir is head of state and also supreme commander of the bahrain defense force bdf. For example, bahrains exports rank is higher than please wait. Lower interest rates, however, should support bank lending to. Government, economy, politics, population, tourism. Percentile ranks are calculated using the latest available data for all countries within the last 5 years. The report includes countryspecific threeyear forecasts for major macroeconomic indicators, including commodity and financial markets. In the last few years lower world energy prices have generated sizable budget deficits about 10%.
Bahrain has discovered the countrys biggest oilfield in decades, located off the west coast of the country. Oil and natural gas play a dominant role in bahrains economy. As the weekend kicks off in bahrain, saudi arabian and kuwaiti cars jam the. In the last few years lower world energy prices have generated sizable budget deficits about 10% of gdp in 2017 alone. Bahrain free trade agreement 2006 boat capsized off the bahrain coast, claimed 58 passengers lives. History of persian gulf states, kuwait, bahrain, oman. Located in one of the worlds chief oilproducing regions, bahrain itself has only small stores of petroleum. Infoplease has everything you need to know about bahrain.
Civil unrest breaks out following the decline of the economy and expectations of more political rights for the mainly shiite population after the gulf war. Discover delightful childrens books with prime book box, a subscription that. Buy history of persian gulf states, kuwait, bahrain, oman, qatar, united arab emirat. The story of the kingdom of bahrain reads like a whoswho of middle eastern history, awash with the evocative traces of everyone from the sumerians and greeks through to. In 1993 bahrain was a constitutional monarchy in the form of an amirate with an executivecabinet form of government and a separate judiciary. Bahrain has by far the smallest economy of any member of the gulf cooperation council gcc, largely as a result of the small size of both its population and its proven oil reserves estimated at 46,430 barrels per day. Kuwait, bahrain, qatar, and the trucial states, 195071 routledge studies in the modern history of the middle east book 1 simon c. Cia world fact book all values, unless otherwise stated, are in us dollars. The economist offers authoritative insight and opinion on international news, politics, business, finance, science, technology and the connections between them. Bahrain, which does not have the vast oil wealth of its neighbors, discovered a large oil and gas field off its west coast last year and is in talks with u. Lower interest rates, however, should support bank lending to consumers and businesses. Bahrains strategic location in the persian gulf has brought rule and influence from mostly the persians, sumerians, assyrians, babylonians, portuguese, the arabs, and the british. The supreme council for women scw is bahrains advisory body to the government on womens issues.
Discusses the geography, history, people, culture, economy, and future of bahrain. Despite efforts to diversif y the econo my, according to the cia wor ld f ac t b ook. The egovernment national portal kingdom of bahrain, provides a onestop shop that facilitates the access to government information and eservices. Bahrain was the central location of the ancient dilmun civilization. The emir, sheik isa ibn sulman alkhalifah, died in 1999 after four. Examining saudi arabia, bahrain, kuwait, oman, qatar, and the united arab emirates.
It attracted the attention of several ancient empires, like the babylon empire and the assyrian kingdom, an interesting fact about. Economic indicators for bahrain including actual values, historical data, and latest data updates for the bahrain economy. Bahrain economic growth the economy should slow slightly this year, dragged on by the spread of coronavirus nationally and internationally, underpressure public finances and regional geopolitical instability. Whilst the country had closest economic relations with indians or south asians for the longest time, much more than the arabs themselves. Openness has been a defining characteristic of bahrain as a country and economy for centuries. Bahrain island is widely believed to be the site of the ancient kingdom of dilmun, a commercial centre that traded with ancient sumer. Bahrain economy, politics and gdp growth summary the. Bahrain also has the freest economy in the middle east and is twelfthfreest overall in. If thats not enough, click over to our collection of world maps and flags.
The economy of the gulf states columbia university press. Bahrain is one of those countries that had to live under the rule of different kingdoms and empires during the course of their history. Bahrain has a long history that dates back at least 5,000 years, at which time the region served as a trading center between mesopotamia and the indus valley. The 2030 economic vision, launched by his majesty king hamad bin isa al khalifa in october 2008 embodies a comprehensive vision for the kingdom of bahrain that aims at creating a clear approach to develop the kingdoms economy while focusing on the main objective, which aspires to improve the living standards of all bahraini citizens the vision was launched after four years of elaborate. The first gulf state to discover oil, bahrain has worked to diversify its economy over the past decade. The countrys economy continued its upward trajectory in 2018 with a real gdp growth rate estimated at %1. Bahrain history, middle eastern history, books barnes. Check out our country profile, full of essential information about bahrains geography, history, government, economy, population, culture, religion and languages. Scw was established to promote womens rights in the kingdom and womens full participation in society, and has been at the. News reports and articles latest news about bahrain a compilation from multiple sources brian whitakers blog posts and other articles about bahrain online news sources for bahrain basic information cia world factbook the geography, people, government and economy of bahrain bbc country profile essential facts, plus politics, media and key dates in bahrains history local time local weather. Examining saudi arabia, bahrain, kuwait, oman, qatar, and the united arab emirates, this title in the world economies series provides a synthesis of the modern economic history and political economy of countries that collectively are a hugely important component within the global economy. Bahrain was a constitutional monarchy in the form of an amirate with an executivecabinet form of government and a separate judiciary.
Bailedout bahrain has little room for maneuver in economy reboot. Bahrain was the main city of the old dilmun civilization and its strategic position in the persian gulf brought about rule and influence from the arabs, persians, babylonians, assyrians, sumerians, and the british. The current secretary general of scw is hala al ansari. History of persian gulf states, kuwait, bahrain, oman, qatar, united. Bahrains history dates all the way back to ancient history. This page has economic forecasts for bahrain including a longterm outlook for the next decades, plus mediumterm expectations for the next four quarters and shortterm market predictions for the next release affecting the bahrain economy. The purpose of this graph is to take a snapshot of a countrys economy in comparison to other economies. This discussion focuses on bahrain since the 19th century. According to the cia world factbook, bahrain ranks 63rd in oil production globally est. The book highlights the key structures that have shaped gulf economic. Find the top 100 most popular items in amazon books best sellers. This entry briefly describes the type of economy, including the degree of market orientation, the level of economic development, the most important natural resources, and the unique areas of specialization. It is chaired by sheikha sabika bint ibrahim al khalifa, the wife of bahrains king hamad bin isa al khalifa. Bailedout bahrain has little room for maneuver in economy.
There was a large black market for these banned phones, with smugglers hiding them inside car bumpers or car door frames, while customs officials and police used ultrasound devices to ferret them out. Bahrains government is also wary of the populations long history of. Bahrain market overviewbahrain market overview discusses key economic indicators and trade statistics, which countries are dominant in the market, the u. Oil and natural gas play a dominant role i n bahrai n s econo my. For a treatment of earlier periods and of the country in its regional context, see arabia, history of. Bahrain economy gdp, inflation, cpi and interest rate. Economic indicators for bahrain including actual values, historical data charts, an economic calendar, timeseries statistics, business news, long term forecasts and. Bahrain global economic prospects examines trends for the world economy and how they affect developing countries. Government, politics, economy, defense, resources, people by jerry, sampson isbn. It continues to serve as the base of the united states fifth fleet, which patrols the gulf. Despite the governments past efforts to diversify the economy, oil still comprises 85% of bahraini budget revenues.
Bahrains history since the 16 th c entury has be en. Why bahrain is the pearl of arabia for history, culture. Bahrain is renowned for its verdant groves of date palms. The light shale oil and gas resource represents the largest discovery in the. Bahrain and the united states signed a defense cooperation agreement in october 1991 granting u. The economy will contract in 2020, in line with the impact of the coronavirus on global demand and slumping oil prices, then pick up in 202124, owing to stronger global demand for oil and aluminium. Bahrain officially the kingdom of bahrain is a sovereign state in the persian gulf. The countrys chief city, port, and capital, manama almanamah, is. Given the islands longstanding role as a trading hub at the heart of the gulf. Middle east bahrain the world factbook central intelligence. The bahrain national museum has artefacts from the countrys history dating back to. Bahrain was attacked and overtaken several times throughout its history. A brief history of bahrain spainexchange country guide. In addition, the report predicts the global economic outlook for the country, issued by the international monetary fund in the month of october 2014, that the gdp of bahrain achieves positive growth after subtracting the inflation factor of 2.
Everyday low prices and free delivery on eligible orders. I had to smuggle an early nokia camera cell phone into the country from bahrain in 2004. Government, economy, politics, population, tourism bonna. Evaluating the role of tourism in the bahraini economy. Bahrains high degree of integration with the rest of the region serves as an important source visitor flows, including leisure and business tourists. Bahrain has stabilized its oil production at about 40,000 barrels per day bd, and reserves are expected to last 1015 years.