Bahrein 

Bahrein landenbeleid

Beleid vastgesteld op 03 mei 2011

• Case-by-case beleid
• Er is een landenplafond van 1500 mln euro van kracht
• Het signaleringsplafond is 650 mln euro
• - waarvan per 2011-08-31 0 mln euro benut is

Landenklasse: 4

Gegeven de veiligheidssituatie in Bahrein zullen nieuwe verzekeringsaanvragen op Bahrein met de nodige terughoudend in behandeling worden genomen waarbij vooral een zorgvuldige afweging van het fabricatierisico bepalend zal zijn voor de voortgang van de zaak.

Bahrein landenrapport

Atradius Dutch State Business Economic Research
Country Report last updated :  July 1th, 2011

Country :  BAHRAIN

Political Situation
Very Uncertain

Head of state
King Hamad bin Isa al-Khalifa. 

Form of government
The king rules by decree. Rubber stamp parliament. Main opposition party Wefaq, representing a population majority, only gained 18 of 40 seats in the Chamber of Deputees. 

Internal Economic Situation
Hit By Political Unrest

General situation
Since oil reserves are small, Bahrain has diversified its economy: tourism (Saudi’s), financial services (a greater GDP share than oil), oil refinery and chemical industry contribute to GDP. In that respect the domestic economy is badly hit by the political unrest: GDP-growth is scaled back to 2.4% in 2011. Especially financial and other services are suffering from the turmoil and from competition of Dubai and Qatar. Exports of goods are performing better, especially aluminium (additional capacity from 2011). Inflation is rising to >4% p.a. in 2011 due to higher oil seed and grain prices. Reasonably moderate corruption: 48th of 178 in the global TI Index.

External Economic Situation
Reasonably Solid

Main sources of foreign exchange
(Refined) oil (81% of total exports), off shore banking, tourism, aluminium.

Main foreign markets
Saudi Arabia and other Gulf-states.

Main expenses of foreign exchange
Crude oil (50%), capital goods, agricultural products.

Balance of payments  
Political unrest has badly hurt Bahrain’s position as exporter of services: increasing deficits on the service account are  exceeding the large trade surpluses since 2011, contributing to current account deficits. The Bahraini dinar is pegged to the US$ for over two decades.