The currency of Bahrain is Bahraini dinar (BHD). Bahrain consisting of 36 islands is an archipelago, located in the Persian Gulf. It lies between the Qatar on the eastern part and Saudi Arabia on the western side. With its modern developed facilities and good transport system, Bahrain has become the hub of many multinational firms. Here are few significant facts about the money of Bahrain .
- Exchange rates: Bahraini dinars per US dollar - 0.376 (2006), 0.376 (2005), 0.376 (2004).
- Fiscal year: calendar year.
- Household income: Lowest 10%: NA%
Highest 10%: NA%
- The Currency code in Bahrain : BHD
The main industries in Bahrain include petroleum refining, and production, ship repair, aluminum smelting, iron pelletization, fertilizers, offshore banking, insurance. The country is trying hard to privatize its economy so that it can reduce the dependence on oil production. Bahrain has also implemented an agreement with the US to achieve its goal. Unemployment, decrease in underground water resources are the existing problems. These are some of the important facts about the economy of the Bahrain :
- GDP (purchasing power): $17.7 billion
- GDP (official exchange rate): $12.12 billion
- GDP - real growth rate: 7.6%
- GDP - per capita: $25,300
- GDP - composition by sector: agriculture: 0.5% industry: 38.7%
- Labor force - by occupation: agriculture: 1% Industry: 79%
- Inflation rate (consumer prices): 3.5%
- Budget: revenues: $5.582 billion
- Expenditures: $4.197 billion; which includes capital expenditures of $700 million
