StudentShare solutions
Triangle menu

Economy of Bahrain - Essay Example

Nobody downloaded yet

Extract of sample
Economy of Bahrain

Petroleum production and processing are the main exports of Bahrain. The economic conditions of the country have depended on the price of oil. Bahrain's infrastructure is highly developed. Many multinational firms have their head offices in the country. The country also exports petroleum products. The construction industry is also a major source of revenue for the government. Bahrain has a GDP per capita of $20,500 according to research conducted in 2005. It has a purchasing parity of $14.08 billion. Bahrain is a prosperous country by regional standards. It has pursued a neutral foreign policy and is famous for its tolerance. It is the fastest growing economy in the Arab world. It has a large population of international expatriates.
Despite an impressive standard of living, Bahrain suffers from poverty and poor living conditions. At least 20,000 families receive financial assistance from Ministry of Labor and private organizations. Recent studies have found that the poverty income threshold is Bahraini Dinar 209 per month. The poverty level for Bahrain is at least a quarter of the total population. At least 200,000 people suffer from poor living conditions. Many people do not have decent housing. More than 30,000 families with low incomes have inadequate housing facilities. The average income has been increasing but the poverty rate has also increased.
The rise in poverty has been attributed to corruption, poor planning, low wages, influx of foreign workers and income inequalities. Further a small group of wealthy and powerful people dominate the economy. These are considered as major obstacles to real reforms. Large areas of land have been taken over by powerful people. This has caused property prices to increase and put tremendous pressure on low income people. Poverty is clearly causing an adverse impact on society. Crime, divorce rate and increase in workers working in poor conditions are direct results of poverty (Moore, 45).
Income distribution
Compared with other regional countries, Bahrain has a low poverty rate. However most of the wealth is concentrated in the hands of the Sunni minority. The average daily expenditure is US$13.9 per person in Bahrain. This is compared with an average income of 12.8 dollars. The reason is that Bahrain has a negative savings level at the national level. Bahrain's population does not suffer from poverty compared with regional countries.
Research has shown that 12 percent of the population has an average income of less than five dollars per person. The expenditure required by a Bahraini to sustain basic expenses is an estimated US$42 per month. Majority of Bahrain's population lives in apartments while the remaining owns their houses. The average Bahraini also has ownership of electronic appliances and amenities which show that the majority of families enjoy an impressive standard of living (National Accountant, 34).

Economic growth rate
Bahrain's economic growth rate has increased in 2007. It has been bolstered by high oil prices and increase in non oil exports. The financial sector remains the main part of the economy. The government is also addressing issues like unemployment and rising crime.
The economy has registered a 7.0% growth in 2007. The growth rate is expected to ...Show more


Bahrain has one of the freest economies in the Middle East. Petroleum deposits were discovered in the 1930s. Oil production and refining have been the major exports of the Bahraini economy. Since the 1970s the government has attempted to diversify its economy by developing other industries…
Author : darelayla
Economy of Bahrain essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Economy of Bahrain"
with a personal 20% discount.
Grab the best paper

Check these samples - they also fit your topic

Tourism Activities in Bahrain
The paper in the course of evaluating a particular destination focuses on the region of United Arab Emirates. Geographically this region is located on the Arabian Peninsula which lies in between the areas of Oman and Saudi Arabian countries.
10 pages (2500 words) Essay
Comparison of health and safety aspects between Bahrain & UK
32 pages (8000 words) Essay
History of bahrain
For the most part, Bahrain’s geologic formation is comprised of mostly level expanses of rock and sand. Undoubtedly, one of the most interesting facts about it has to be its many aliases throughout history-Dilmun, Tylos and Mishmahig just to name a few and has been the subject to a myriad of ruling powers prior to its independence such as the Babylonians, Assyrians, Greeks and Persians.
5 pages (1250 words) Essay
Muharraq City (Bahrain)
My City: Muharraq City (Bahrain) (Name) (University) (Course) (Tutor) (Date) Introduction Generally countries within the Middle East have been known to build their architectural structures based on their cultures and beliefs. The architectural work was always based on traditional beliefs and traditional architectural work.
4 pages (1000 words) Essay
Bahrain World Trade Centre Technical Report
Construction of this complex started in 2004 and continued for next four years till 2008. This ultra-modern skyscraper is located in the financial district of Manama, Bahrain’s capital city. BWTC was designed by the multi-national world renowned architectural firm Atkins.
7 pages (1750 words) Essay
Financial Market Assessment Bahrain
think-tank Heritage Foundation/Wall Street Journal's Index of Economic Freedom, an annual ranking of 155 countries. The index is a systematic empirical measurement of economic freedom, the result of careful analysis of the factors that most influence the institutional setting of economic growth ("Index of Economic Freedom").
8 pages (2000 words) Essay
Analysis of Bahrain's Economy's strength and weakness
Taxation and import laws have equal relevance for both Bahraini and foreign-owned companies. Oil and gas companies are required to pay 46% tax on income from the sale of crude oil and its derivatives. Organizations in non-oil
2 pages (500 words) Essay
Economic development in bahrain
Her nationality is Bahraini. Languages spoken here are Arabi (official), English, Farsi, and Urdu. Currency of this country is Bahraini dinar (BHD). Capital name is Manama. Year of independence is 15th August 1971 (Bahrain, n.d., p.1). Bahrain covers an area of 711 square
10 pages (2500 words) Essay
Bahrain History
Its name comes from the fact that it has two water sources, salty water from the surrounding seas and sweet water from its pure springs. Another reason is due to the existence of the south and north waters of the gulf, which separate the Arabic and Iranian coast from
6 pages (1500 words) Essay
Saudi Arabia & Bahrain Economy
In 2009, production of oil stood at about 8 million barrels every day, less than a number of barrels recorded in 2008 by 1.1million. The oil industry
6 pages (1500 words) Essay
Hire a pro to write
a paper under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
Comments (0)
Click to create a comment
Contact Us