Close to primary Middle Eastern petroleum sources, Bahrain enjoys a strategic location in the Persian Gulf, through which much of the Western world's petroleum transits to reach open ocean and is emerging as a major regional trans-shipment center.
The country’s demographic profile is young with a median age of years. Population growth rate is over percent
Bahrain is considered to be the first Gulf country to discover oil and benefit from an oil boom. The country has a relatively diversified and open economy and is expected to grow at an average of percent during 2015-2020.
Tourism, in particular, is expected to recover on the back of major commercial events such as the F1 Grand Prix.
The country has become an important onshore and offshore regional financial center because of its time zone advantage that bridges Asian markets‘ closing and European opening times, its well-developed communications system, market stability, and liberal regulatory environment.
Bahrain is the only country in the region offering percent foreign ownership of business assets and real estate in most sectors.
The country is ranked as the 12th most open economy worldwide by the Heritage Foundation.
About this report
A country profile is an instant guide to the political, economic, demographic, industrial, and business environment of a market. The report provides a range of quantitative and qualitative information on a variety of national aspects, including geography, economy, education, demography, labour, political climate, infrastructure, industry, tax, trade, investment, and ease of doing business. Additionally, the report provides a PESTLE analysis of a country's business climate. The country profile can be an effective tool for businesses in their marketing, strategy, and planning exercises when studying the future prospects of an economy.
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