The Financial Crisis and its Impacts on the MENA Region

 
Publisher: Middle East Commercial Services Limited
 

Bahrain

Capital: Manama
Population: 708.573 (June 2008)
Area: 710 SQ KM
Currency: Bahraini Dinar
Currency Code: BHD
GDP Per Capita: $ 37, 700
GDP Composition by Industry Sector: Agriculture: 0.3% - Industry: 43.6% - Services: 56%


Industry: Petroleum processing and refining, Aluminum smelting, Offshore banking, Ship repairing  (tourism)


Economy: GDP growth should remain robust, largely as a result of high oil prices and the associated regional boom. Domestic demand will be supported by strong public sector spending growth, and rising employment in the areas of banking, aluminum output, and tourism, continue to expand as new construction projects come on stream.  Real GDP growth is forecast to slow gradually, from 7% in 2007 to 5.1% by 2012, as oil prices decline and regional demand softens.

 

 

 

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