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Area Rating Tables: Bahrain
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| 1970 | 1975 | 1980 | 1985 | 1990 | 1995 | 1997 | |
|---|---|---|---|---|---|---|---|
| Summary Ratings | 7.6 | 7.4 | 7.4 | 7.9 | 7.9 | ||
| Rank | 10 | 14 | 24 | 23 | 31 |
| Components of Economic Freedom | 1970 | 1975 | 1980 | 1985 | 1990 | 1995 | 1997 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| I. Size of Government | 7.7 | 6.4 | 6.4 | 7.2 | 7.1 | |||||||||
| (a) Government Consumption (% of Total) | 5.5 | (29.0) | 2.8 | (43.5) | 2.8 | (43.8) | 4.4 | (35.2) | 4.8 | (32.7) | ||||
| (b) Transfers and Subsidies (% of GDP) | 9.8 | (1.2) | 10.0 | (0.0) | 10.0 | (0.5) | 10.0 | (0.0) | 9.4 | (2.6) | ||||
| II. Structure of the Economy and Use of Markets | 6.1 | 7.1 | 7.1 | 6.0 | 6.0 | 6.0 | ||||||||
| (a) Government Enterprises | 0.0 | 2.0 | (76.4) | 4.0 | (29.8) | 4.0 | (31.7) | 4.0 | 4.0 | 4.0 | ||||
| (b) Price Controls | 4.0 | 4.0 | 4.0 | |||||||||||
| (c) Top Marginal Tax Rate | 10.0 | (0) | 10.0 | (0) | 10.0 | (0) | 10.0 | (0) | 10.0 | (0) | 10.0 | (0) | ||
| (d) Conscription | 10.0 | 10.0 | 10.0 | 10.0 | 10.0 | 10.0 | ||||||||
| III. Monetary Policy and Price Stability | 9.0 | 7.0 | 7.5 | 8.2 | 8.3 | 9.4 | 9.0 | |||||||
| (a) Annual Money Growth (last 5 yrs.) | 7.9 | (10.5) | 7.1 | (14.4) | 6.4 | (18.1) | 8.5 | (7.7) | 9.5 | (2.7) | 9.6 | (-2.1) | 8.8 | (-6.2) |
| (b) Inflation Variability (last 5 yrs.) | 9.4 | (1.4) | 7.1 | (7.2) | 6.8 | (8.0) | 6.3 | (9.2) | 6.9 | (7.7) | 8.7 | (3.3) | 8.8 | (2.9) |
| (c) Recent Inflation Rate | 9.7 | (1.6) | 6.8 | (16.1) | 9.2 | (3.9) | 9.6 | (-1.8) | 8.6 | (6.8) | 9.8 | (1.0) | 9.5 | (2.7) |
| IV. Freedom to Use Alternative Currencies | 10.0 | 10.0 | 10.0 | 10.0 | 10.0 | 10.0 | ||||||||
| (a) Ownership of Foreign Currency | 10.0 | 10.0 | 10.0 | 10.0 | 10.0 | 10.0 | ||||||||
| (b) Black Market Exchange Rates (Prem.) | 10.0 | (0.0) | 10.0 | (0.0) | 10.0 | (0.0) | 10.0 | (0.0) | 10.0 | (0.0) | 10.0 | (0.0) | ||
| V. Legal Structure and Property Rights | 5.9 | 5.9 | 8.5 | 8.5 | ||||||||||
| (a) Private Ownership Rights | 6.1 | 5.9 | 10.0 | 10.0 | ||||||||||
| (b) Viability of Contracts | 5.2 | 5.2 | 8.4 | 8.3 | ||||||||||
| (c) Rule of Law | 6.6 | 6.7 | 7.0 | 7.0 | ||||||||||
| VI. International Exchange | 8.6 | 8.4 | 8.0 | 8.0 | ||||||||||
| (a) Taxes on International Trade | ||||||||||||||
| i. Taxes as a Percentage of Exports and Imports | 9.5 | (0.7) | 9.3 | (1.1) | 9.1 | (1.4) | 9.1 | (1.4) | ||||||
| ii. Mean Tariff Rate | 8.8 | (6.0) | ||||||||||||
| iii. Standard Deviation of Tariff Rates | ||||||||||||||
| (b) Non-tariff Regulatory Trade Barriers | ||||||||||||||
| i. Non-tariff Trade Restraints (% of trade covered) | ||||||||||||||
| ii. Size of Trade Sector (% of GDP) | 7.1 | (241.2) | 6.9 | (239.3) | 5.4 | (191.6) | 6.0 | (221.7) | 5.1 | (195.4) | 5.4 | (206.9) | ||
| VII. Freedom of Exchange in Financial Markets | 6.4 | 6.2 | 6.0 | 6.7 | 6.5 | 7.0 | ||||||||
| (a) Ownership of Banks | 8.0 | (80-90) | 8.0 | (80-90) | 8.0 | (80-90) | 8.0 | (90-95) | 8.0 | (90-95) | 8.0 | (90-95) | ||
| (b) Extension of Credit | 10.0 | (99.9) | 9.9 | (99.2) | 9.4 | (94.1) | 8.6 | (87.0) | 7.2 | (74.6) | 8.6 | (87.3) | 8.7 | (88.4) |
| (c) Avoidance of Negative Interest Rates | 10.0 | 8.0 | 10.0 | |||||||||||
| (d) Capital Transactions with Foreigners | 2.0 | 2.0 | 2.0 | 2.0 | 2.0 | 2.0 | 2.0 | |||||||
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