Communists: negligible
Member of: Arab League, FAO, G-77, GATT (de facto), GCC, IBRD, ICAO,
IDB—Islamic Development Bank, ILO, IMF, IMO, INTERPOL, ITU, NAM, OAPEC, OIC,
UN, UNESCO, UPU, WHO
Diplomatic representation: Ambassador Ghazi Muhammad AL-QUSAYBI; Chancery at 3502 International Drive NW, Washington DC 20008; telephone (202) 342-0741 or 342-0742; there is a Bahraini Consulate General in New York; US—Ambassador Dr. Charles W. HOSTLER; Embassy at Shaikh Isa Road, Manama (mailing address is P. O. 26431, Manama, or FPO New York 09526); telephone [973] 714151 through 714153
Flag: red with a white serrated band (eight white points) on the hoist side
- Economy Overview: The oil price decline in recent years has had an adverse impact on the economy. Petroleum production and processing account for about 85% of export receipts, 60% of government revenues, and 20% of GDP. In 1986 soft oil-market conditions led to a 5% drop in GDP, in sharp contrast wit the 5% average annual growth rate during the early 1980s. The slowdown in economic activity, however, has helped to check the inflation of the 1970s. The government's past economic diversification efforts have moderated the severity of the downturn but failed to offset oil and gas revenue losses.
GDP: $3.5 billion, per capita $7,550 (1987); real growth rate 0% (1988)
Inflation rate (consumer prices): 0.3% (1988)
Unemployment: 8-10% (1989)
Budget: revenues $1,136 million; expenditures $1,210 million, including capital expenditures of $294 million (1987)
Exports: $2.4 billion (f.o.b., 1988 est.); commodities—petroleum 80%, aluminum 7%, other 13%; partners—US, UAE, Japan, Singapore, Saudi Arabia