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Sample - Bahrain PESTLE Analysis

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Bahrain PESTLE report sample provides information about coverage of macroeconomic indicators for Bahrain and PESTEL analysis outlook.

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Sample - Bahrain PESTLE Analysis

  1. 1. BAHRAIN - PESTLE ANALYSIS & MACROECONOMIC TRENDS © MARKET RESEARCH REPORTS, INC. www.marketresearchreports.com
  2. 2. Table of Contents 1. Executive Summary........................................... 3 Scope of Bahrain – PESTLE Analysis and Macroeconomic Trends Report........................................3 Research Methodology..........................................................................................................................3 2. Bahrain- Country Overview .............................. 4 2.1 People Indicators ..............................................................................................................................5 2.1.1 Population .............................................................................................................................5 2.1.2 Unemployment .....................................................................................................................5 2.2 National Accounts Indicators..........................................................................................................6 2.2.1 Real Gross Domestic Product..............................................................................................6 2.2.2 Nominal Gross Domestic Product.......................................................................................6 2.2.3 Gross Domestic Product Deflator .......................................................................................7 2.2.4 Per Capita Gross Domestic Product...................................................................................8 2.2.5 Purchasing-Power-Parity (PPP) Based Per Capita GDP .................................................................................................................................................8 2.2.6 Total Investment / Gross Capital Formation ......................................................................9 2.2.7 Gross National Savings.........................................................................................................9 2.3 Monetary Indicators........................................................................................................................10 2.3.1 Consumer Price Index (CPI) Inflation................................................................................10 2.4 Trade Indicators...............................................................................................................................10 2.4.1 Change in Import Volume of Goods & Services.............................................................10 2.4.2 Change in Export Volume of Goods & Services .............................................................11 2.5 Government Finance Indicators ...................................................................................................12 2.5.1 Government Revenue .......................................................................................................12 2.5.2 Government Expenditure ..................................................................................................13 2.5.3 Government Net Lending / Borrowing.............................................................................14 2.5.4 Government Gross Debt....................................................................................................15 2.6 Balance of Payment Indicators.....................................................................................................16 2.6.1 Current Account Balance .................................................................................................16 2.7 Ease of Doing Business in Bahrain..................................................................................................17 3. PESTLE Analysis of Bahrain............................... 18 3.1 Political Factors................................................................................................................................18
  3. 3. 3.2 Economic Factors ...........................................................................................................................20 3.3 Social Factors...................................................................................................................................22 3.4 Technological Factors ....................................................................................................................24 3.5 Legal Factors ...................................................................................................................................26 3.6 Environmental Factors ....................................................................................................................28 List of Exhibits ........................................................ 30 Notes...................................................................... 32 Company Information ......................................... 34
  4. 4. BAHRAIN - PESTLE ANALYSIS & MACROECONOMIC TRENDS - NOVEMBER 30, 2019 3 © MARKET RESEARCH REPORTS® INC. 1. Executive Summary Bahrain is the smallest country on the Persian Gulf with just over 1 million inhabitants, half of which being expatriates. The discovery of oil in 1932 brought rapid modernization to Bahrain. Also, it was the first Gulf state to take serious action in the late 1990s to diversify its economy to prepare for the post-oil and post-gas period, and, as such, it is one of the more diversified economies in the region. Bahrain will have estimated population of 1.511 million in the year 2019 and expected to reach 1.668 million by 2024, registering an average growth rate of 2%. Bahrain’s unemployment rate is expected to be 3.949% of total labor force in 2019 which is further expected to increase at a CAGR of 0.62 till 2024. Bahrain’s real gross domestic product (GDP) is expected to be around BHD 12.891 billion in 2019 whereas the nominal GDP is expected to be BHD 14.646 billion. This will result in GDP deflator 113.614. Per capita GDP is estimated to be around USD 25781.35 whereas purchasing power parity (PPP) based per capita GDP is estimated to be at USD 50868.99. In 2019, Bahrain’s government’s revenue is expected to be BHD 3.121 billion whereas the expenditure is expected to be BHD 4.449 billion. This will result in Bahrain government’s net lending / borrowing negative at BHD 1.23 billion in 2019 indicating that enough financial resources will not be made available by the government to boost economic growth. The current account balance for Bahrain is expected to be negative & estimated to be at USD 1.419 billion for the year 2019 and is expected to decrease at a CAGR of 1.27% and reach USD 1.463 by 2024. This negative current account balance indicates the Bahrain will be a net borrower from the whole world. In World Bank’s ease of doing business ranking Bahrain was ranked 43rd out of 190 countries in 2019. Bahrain’s ease of doing business ranking has improved from 62nd position in 2018. Scope of Bahrain – PESTLE Analysis and Macroeconomic Trends Report  This report provides information about key macroeconomic indicators for Bahrain.  This report provides PESTLE (political, economic, social, technological, legal and environmental) analysis for Bahrain. Research Methodology The report has been prepared using our internal Body of Knowledge (BoK) and extensive secondary research.
  5. 5. BAHRAIN - PESTLE ANALYSIS & MACROECONOMIC TRENDS - NOVEMBER 30, 2019 5 © MARKET RESEARCH REPORTS® INC. 2.1 People Indicators 2.1.1 Population Bahrain’s population was 1.452 million in xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxx Exhibit 2.1 Population of Bahrain (in millions) Source: xx, xxx. 2.1.2 Unemployment The percentage of total labor force unemployed in Bahrain was estimated to be 3.637% xxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx Exhibit 2.2 Unemployment Level in Bahrain (in %) Source: xx, xxx.. 1.452 X X X X X X X 1.3 1.4 1.5 1.6 1.7 2017 (est.) 2018 (est.) 2019 (est.) 2020 (est.) 2021 (est.) 2022 (est.) 2023 (est.) 2024 (est.) INMILLIONS Population (in millions) 3.637 3.914 X x X X X X 3.45 3.5 3.55 3.6 3.65 3.7 3.75 3.8 3.85 3.9 3.95 4 2017 (est.) 2018 (est.) 2019 (est.) 2020 (est.) 2021 (est.) 2022 (est.) 2023 (est.) 2024 (est.) IN% Unemployment (in % of Total Labor Force)
  6. 6. BAHRAIN - PESTLE ANALYSIS & MACROECONOMIC TRENDS - NOVEMBER 30, 2019 10 © MARKET RESEARCH REPORTS® INC. 2.3 Monetary Indicators 2.3.1 Consumer Price Index (CPI) Inflation A consumer price index (CPI) measures changes in the prices of goods and services that households in an economy consume. These changes affect the real purchasing power of consumers’ and thus their welfare. As the prices of different goods and services do not all change at the same rate, CPI only reflect their average movement. XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX Bahrain’s CPI inflation XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXXXX Exhibit 2.10 Consumer Price Index (CPI) Inflation of Bahrain Source: XXX. 2.4 Trade Indicators 2.4.1 Change in Import Volume of Goods & Services Percent change of volume of imports is the measure of aggregate change in the quantities of total imports whose characteristics are unchanged. The goods and services and their prices are held constant, XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX 131.82 X X X X X X 120 130 140 150 160 2018 2019 (est.) 2020 (est.) 2021 (est.) 2022 (est.) 2023 (est.) 2024 (est.) INDEX Inflation Average Consumer Price Index (CPI)
  7. 7. BAHRAIN - PESTLE ANALYSIS & MACROECONOMIC TRENDS - NOVEMBER 30, 2019 17 © MARKET RESEARCH REPORTS® INC. 2.7 Ease of Doing Business in Bahrain In World Bank’s ease of doing business ranking Bahrain was ranked 43rd out of 190 countries in 2019. Bahrain’s ease of doing business ranking has improved from 62nd position in 2018. Exhibit 2.23 Bahrain - Ease of Doing Business Ranking from 2008-2019 Source: World Bank, Market Research Reports, Inc. 18 20 33 38 47 46 61 66 63 66 62 43 0 10 20 30 40 50 60 70 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 RANKING Bahrain- Ease of Doing Business Ranking
  8. 8. BAHRAIN - PESTLE ANALYSIS & MACROECONOMIC TRENDS - NOVEMBER 30, 2019 18 © MARKET RESEARCH REPORTS® INC. 3. PESTLE Analysis of Bahrain 3.1 Political Factors On January 6, 2016, Bahrain’s authorities charged Sheikh Maytham Al Salman, a human rights defender and cleric, with incitement of hatred towards the system of government and expressing views on an ongoing trial with the intent to change public opinion. The charges were based on a speech Sheikh Maytham delivered on XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX The statement analyses the charges in line with international human rights standards and jurisprudence related to freedom of expression. Under international law, freedom of expression may only be restricted it the restrictions satisfy a three-part test: a) legality, b) legitimate grounds and c) necessity and proportionalityXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX XX On the basis of a thorough discussion of international, regional and national jurisprudence, this statement concludes that the XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXX U.S.-BAHRAIN RELATIONS The United States established diplomatic relations with Bahrain in 1971 following its independence from the United Kingdom. XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX was the first Arab state to lead a Coalition Task Force patrolling the Gulf and has supported the coalition counter-piracy mission with a deployment of its flagship. The U.S. designated Bahrain a Major Non-NATO Ally in 2002.
  9. 9. BAHRAIN - PESTLE ANALYSIS & MACROECONOMIC TRENDS - NOVEMBER 30, 2019 19 © MARKET RESEARCH REPORTS® INC. The U.S-Bahrain Free Trade Agreement entered into force in 2006, generating additional commercial opportunities for both countries. In 2017, bilateral merchandise trade reached $1.9 billion. Bahrain continues to experience occasional political and social unrest. The United States has urged the Government of Bahrain to widen the scope for political and civil society actors and ensure the parliamentary and municipal elections, anticipated for November 2018, are broadly inclusive. Political outline: Xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx Xxxxxxxxxxxxxxxxxxxxxxxxxxxxx Xxxxxxxxxxxxxxxxxxxxxxxxxxxx Xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx Xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
  10. 10. BAHRAIN - PESTLE ANALYSIS & MACROECONOMIC TRENDS - NOVEMBER 30, 2019 26 © MARKET RESEARCH REPORTS® INC. medium and large enterprises and their employees); Individuals (citizens, residents and visitors); and the Government (entities and their employees). 3.5 Legal Factors Bahrain’s legal system draws its existence from: a) Islamic religious law (the Sharia), b) tribal law, c) Egyptian codes d) English common law, and e) other sources like customs and in absence of customs the tenets of natural justice and good conscious are applied. The court system consists of: a) Sharia Law Courts b) Military Courts c) Constitutional Courts d) Civil Law Courts The administration of justice judges shall not be subject to any authority. No interference whatsoever shall be allowed in the conduct of justice. The law shall guarantee the independence of the judiciary and shall state the guarantees and provisions relating to the judges. SHARIA COURTS The Shari’a law courts are divided into Sunni and Shi’i sections, with jurisdiction over disputes relating to Muslim personal status (except disputes over estates that fall under the jurisdiction of the competent civil courts, though those courts are obliged to divide estates in accordance with Islamic law). There are three degrees of the Shari’a Courts: a) Junior Shari’a Courts that hear personal status cases in the first instance, b) Senior Shari’a Courts and c) High Shari’a Court of Appeal having ultimate appellate jurisdiction. The Shari’a Courts apply classical Islamic personal status law to Muslims without reference to state law. Each High Shari’a Court consists of a president and a number of judges; sittings are validly held in the presence of two judges, one of whom must be the President of the Court or his deputy. The Court of Cassation also has exclusive jurisdiction to decide cases filed simultaneously in Shari’a Courts or to settle any dispute arising from conflicting judgments between such courts.
  11. 11. BAHRAIN - PESTLE ANALYSIS & MACROECONOMIC TRENDS - NOVEMBER 30, 2019 28 © MARKET RESEARCH REPORTS® INC. jurisdiction of the Junior Court. The High Court is also authorized to hear cases concerning the XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX 3.6 Environmental Factors Bahrain’s principal environmental problems are scarcity of fresh water, desertification, and pollution from oil production. Population growth and industrial development have reduced the amount of XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXX XXXXXXXXXXXXXXXXXXXXXX Water: With an aim to conserve water, the country felt the need to found a council that would take the XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXX Air Quality: As XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXCC environmental projects that contribute to the reduction of environment pollution. Biodiversity: In order to preserve the marine and wildlife in Bahrain, the country has devoted six XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX Land Use and Desertification: The Kingdom, through the Ministry of Municipalities Affairs and Urban XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX Coastal Areas: XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX The country has also adopted the concept of XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
  12. 12. BAHRAIN - PESTLE ANALYSIS & MACROECONOMIC TRENDS - NOVEMBER 30, 2019 30 © MARKET RESEARCH REPORTS® INC. List of Exhibits Exhibit 2.1 Population of Bahrain (in millions) Exhibit 2.2 Real GDP of Bahrain (in BHD billions) Exhibit 2.3 Nominal GDP of Bahrain (in BHD billions) Exhibit 2.4 Nominal GDP of Bahrain (in USD billions) Exhibit 2.5 GDP Deflator Index for Bahrain Exhibit 2.6 Per Capita GDP of Bahrain (in USD) Exhibit 2.7 PPP Per Capita GDP of Bahrain (in USD) Exhibit 2.8 Total Investment of Bahrain (in %) Exhibit 2.9 Gross National Savings of Bahrain (in %) Exhibit 2.10 Consumer Price Index (CPI) Inflation of Bahrain Exhibit 2.11 Change in Import Volume of Goods & Services of Bahrain (in %) Exhibit 2.12 Change in Export Volume of Goods & Services of Bahrain (in %) Exhibit 2.13 Government Revenue of Bahrain (in BHD billions) Exhibit 2.14 Government Revenue of Bahrain (in % of GDP) Exhibit 2.15 Government Expenditure of Bahrain (in BHD billions) Exhibit 2.16 Government Expenditure of Bahrain (in % of GDP) Exhibit 2.17 Government Net Lending / Borrowing of Bahrain (in BHD billions) Exhibit 2.18 Government Net Lending / Borrowing of Bahrain (in % of GDP Exhibit 2.19 Government Gross Debt of Bahrain (in BHD billions) Exhibit 2.20 Government Gross Debt of Bahrain (in % of GDP)
  13. 13. BAHRAIN - PESTLE ANALYSIS & MACROECONOMIC TRENDS - NOVEMBER 30, 2019 31 © MARKET RESEARCH REPORTS® INC. Exhibit 2.21 Current Account Balance of Bahrain (in USD billions) Exhibit 2.22 Current Account Balance of Bahrain (in % of GDP) Exhibit 2.23 Bahrain - Ease of Doing Business Ranking from 2008-2019
  14. 14. BAHRAIN - PESTLE ANALYSIS & MACROECONOMIC TRENDS - NOVEMBER 30, 2019 32 © MARKET RESEARCH REPORTS® INC. Notes
  15. 15. BAHRAIN - PESTLE ANALYSIS & MACROECONOMIC TRENDS - NOVEMBER 30, 2019 33 © MARKET RESEARCH REPORTS® INC. Notes
  16. 16. BAHRAIN - PESTLE ANALYSIS & MACROECONOMIC TRENDS - NOVEMBER 30, 2019 34 © MARKET RESEARCH REPORTS® INC. Company Information Market Research Reports® Inc. is world's largest store offering quality market research, SWOT analysis, competitive intelligence and industry reports. For more information about how we can help you with your market research needs, please contact us and we will be glad to help you. Mob: +1-302-703-9904 info@marketresearchreports.com Address Market Research Reports, Inc. 16192 Coastal Hwy Lewes, DE 19958, USA Tel: +1-302-703-9904 www.marketresearchreports.com DISCLAIMER This report has been prepared from sources and data, which we believe to be reliable, but we make no representation as to its accuracy or completeness. Any decision or action taken by the recipient based on this report shall be solely and entirely at the risk of the recipient. Opinions and information provided are made as of the date of the report issue and are subject to change without notice. In no event, shall Market Research Reports® Inc. have any liability to any party for special, incidental, tort or consequential damages arising out of or in connection with this report, even if Market Research Reports® Inc. has been advised of the possibility of such damages. Copyright © 2019 Market Research Reports® Inc. All Rights Reserved. Reproduction without written permission is completely forbidden.

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