Economy of Bahrain (2017)
|
GDP (real, ppp, billion USD)
|
34,6
|
Inflation rate (%)
|
3,5
|
|
GDP growth rate (%)
|
2,7
|
Unemployment rate (%)
|
4,5
|
|
Population (million)
|
1,45
|
Export (fob-billion
$
, 2016)
|
15,376
|
|
GDP per capita
(nominal, USD)
|
23.000
|
Import (cif-billion
$
)
|
16,076
|
|
|
|
|
|
Source: Ministry of Trade of the Republic of Türkiye, Bahrain Economic
Development Board (EDB), Bahrain Tourism and Exhibition Authority,
National Bank of Kuwait
Main export partners:
Saudi Arabia, UAE, USA, Japan, PRC, India
Main import partners
: PRC, USA, UAE, Japan, Saudi Arabia, Australia, India
Main export items:
Petroleum oils, crude oil, iron and steel, aluminum and aluminum products
Main import items:
Crude oil, automobile, electrical and electronic equipment, medicine, gold
Bilateral Trade and Economic Relations
(in million USD):
|
|
|
|
|
2015
|
2016
|
2017
|
2018
|
|
Export
|
225
|
193
|
227
|
299
|
|
Import
|
104
|
128
|
187
|
187
|
|
Volume
|
329
|
321
|
414
|
486
|
|
Balance
|
121
|
65
|
40
|
112
|
Source: TurkStat
Türkiye’s main export items to Bahrain:
Tobacco and its products, iron and steel, motor vehicles and their parts
Türkiye’s main import items from Bahrain:
Aluminium, iron, petroleum products (except for petroleum and its
derivatives) chemical fertilizers, cotton products
Number of Bahraini tourists visiting Türkiye
: 28.609 (2015), 41.505 (2016), 59.442 (2017), 77.075 (2018)
Bilateral Cooperation Mechanisms
Joint Economic Commission (JEC) Meetings: The
last JEC meeting was held on 2-3 March 2017 in Ankara.
Turkish-Bahraini Business Council: The
Turkish-Bahraini Business Council was established based on the agreement
signed by the Union of Chambers and Commodity Exchanges of Türkiye (TOBB) and Bahrain Chamber of Commerce and Industry (BCCI) on 16
February 2006 in Istanbul. The first joint meeting of the board of
directors of the Council was convened on the same day, whereas the last
meeting of the Council was held on 1 March 2017 in Ankara, just before the
JEC meeting (held on 2-3 March 2017).