Low oil prices have generated a budget deficit of at least a $3.5 billion deficit in 2017, nearly 10% of GDP. Bahrain has few options for covering this deficit, with low foreign assets and fewer oil resources compared to its GCC neighbors. In 2016 the three major US credit agencies downgraded Bahrain’s sovereign debt rating to “junk” status, citing persistently low oil prices and the government’s high debt levels. Nevertheless, Bahrain in 2017 was able to raise about $4 billion by issuing international debt. Oil comprises 85% of Bahraini budget revenues,...
|Consumer Price Index (CPI)||Sep 2018||117.32||118.22||2010=100, NSA||Monthly|
|Total Employment||2018 Q2||759,671||770,108||#, NSA||Quarterly|
|Labor Force Employment||2015||711.88||673.12||Ths.||Annual|
|Imports of Goods||2011 Q4||3,547,074,468||3,028,989,361||USD, NSA||Quarterly|
|Balance of Goods||2011 Q4||1,980,851,063||2,290,957,446||USD, NSA||Quarterly|
|Exports of Goods||2011 Q4||5,527,925,531||5,319,946,808||USD, NSA||Quarterly|