Bahrain - Balance of payments
Traditionally, Bahrain relied on a substantial influx of funds from Sa'udi Arabia, Kuwait, Abu Dhabi, and Iran to finance capital outlays. In recent years, however, increased income from tourism and financial services, have placed Bahrain in a favorable payments position.
The US Central Intelligence Agency (CIA) reports that in 2001 the purchasing power parity of Bahrain's exports was $5.5 billion while imports totaled $4.5 billion resulting in a trade surplus of $1 billion.
The International Monetary Fund (IMF) reports that in 2001 Bahrain had exports of goods totaling $5.55 billion and imports totaling $4.01 billion. The services credit totaled $950 million and debit $744 million.
Although oil imports decreased in the first quarter of 2001, there was a slight increase in non-oil imports.
The following table summarizes Bahrain's balance of payments as reported by the IMF for 2001 in millions of US dollars.
|Balance on goods||1,536|
|Balance on services||206|
|Balance on income||-322|
|Direct investment abroad||-216|
|Direct investment in Bahrain||80|
|Portfolio investment assets||-1,448|
|Other investment assets||5,623|
|Portfolio investment liabilities||-31|
|Other investment liabilities||-4,426|
|Net Errors and Omissions||283|
|Reserves and Related Items||-124|