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.

Bahrain

Current Account 157
Balance on goods 1,536
Balance on services 206
Balance on income -322
Current transfers -1,264
Capital Account 100
Financial Account -417
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

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