Bahrain

bahrainCapital City: Manama
Population (Millions): 1

ECONOMIC OVERVIEW

GDP Per Capita: US$ 40400
GDP per Sector:
Agriculture – 0.5 %
Industry – 56.6 %
Services – 42.9%
Currency: BHD
Ex.Rates: 0.386
Big Cities (>100,000): Manama
Urban Population: 89%
Languages: Arabic, English

Background:The Kingdom of Bahrain is an archipelago of 33 islands located near the western shores of the Persian Gulf. Bahrain’s capital, Manama, resides on the Northeast tip of Bahrain Island; the largest island in the kingdom. Bahrain is strategically positioned in the Middle East with good access to its neighbouring countries in the region by air, land and sea.

Bahrain is next to Saudi Arabia, the largest market in the region that serves as a hub for services and trade between the Middle East and the rest of the world. Bahrain also lies in the middle of the oil shipping route between the Middle East and the West.

Bahrain, like many Gulf States has historically relied heavily on oil as a primary source of income. However, with oil reserves forecasted to run dry in the next 10 to 15 years, the Bahraini government has acted on the need to diversify its economy and reduce the country’s dependence on oil.