Bahrain is considered a developing country. A nation's level of development is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality and quality of life. As a developing country, Bahrain may not be able to provide consistent social services to its citizens. These social services can include things like public education, reliable health care, and law enforcement. Citizens of developing countries can have a lower life expectancy than citizens of developed countries. Each year, Bahrain exports around US$20.69 billion and imports around US$14.41 billion. 1.3% of the country's population is unemployed. The total number of unemployed in Bahrain is 20,371. Government spending on education is 2.9% of GDP. The country's Gini index is 57. Bahrain experiences inequality. The gap between the richest and poorest citizens in this country is significant and evident, resulting in drastically different living standards for rich and poor citizens. Bahrain has a Human Development Index (HDI) of 0.815. Bahrain has a high HDI score. This suggests that the majority of citizens will be able to live a worthwhile life while providing significant help and support to citizens with lower living standards. The Global Peace Index (GPI) for Bahrain is 2,142. Bahrain's Strength Law Index is 1. Overall, it is considered rather weak – bankruptcy and collateral laws fail to protect borrowers' and lenders' rights in the event of credit-related complications; Credit information, if any, is scarce and difficult to access.
The currency of Bahrain is the Bahraini Dinar. The plural form of the word Bahraini dinar is dinar. The symbol used for this currency is .د.ب, abbreviated as BHD. The Bahraini dinar is divided into fils; There are 1000 in a dinar.
The credit rating depth index for Bahrain is 7, which means that the information is mostly sufficient and fairly detailed; Accessibility is not a problem. According to rating agency S&P, Bahrain has a credit rating of BBB- and the outlook for this rating is negative. According to the rating agency Fitch, Bahrain has a credit rating of BBB and the prospects for this rating are stable. According to rating agency Moody's, Bahrain has a credit rating of Baa1 and the prospects for that rating are negative.
The benchmark interest rate of Bahrain's commercial banks is 6.8. In Bahrain, the institution that manages the state's currency, money supply and interest rates is called the Central Bank of Bahrain. Locally, the Central Bank of Bahrain is called مصرف البحرين المركزي. The average interest rate on deposits offered by local banks in Bahrain is 1%.
Bahrain has a public debt of 32.1% of the country's gross domestic product (GDP) as estimated in 2013.
Corporate tax in Bahrain is 0%. Personal income tax ranges from 0% to 0% depending on your specific situation and income level.
The total Gross Domestic Product (GDP) valued as Purchasing Power Parity (PPP) in Bahrain is US$34.908 billion. The Gross Domestic Product (GDP) per capita in Purchasing Power Parity (PPP) in Bahrain was last recorded at US$0 million. PPPs in Bahrain are considered below average compared to other countries. Below-average PPPs indicate that citizens in this country find it difficult to buy local goods. Local goods can include food, shelter, clothing, healthcare, personal hygiene, essential furnishings, transportation and communications, laundry, and various types of insurance. Countries with below-average purchasing power parities are dangerous locations for investments. The total gross domestic product (GDP) in Bahrain is 29 billion. Based on this statistic, Bahrain is considered to be a small economy. Countries with small economies generally support fewer industries and investment opportunities.