Country Analysis Report

1255 WordsFeb 29, 20126 Pages
Introduction The country of Bahrain is located occupies a strategic location in the Persian Gulf. It affords the best natural port accessible from the mouth of the Tigris and Euphrates Rivers and Oman, where it is known for its large supplies of oil, natural gas and pearls. Lately, the Bahraini government has created an economic development board which works in close partnership with bodies of the government and private sector businesses in an attempt to attract international investment opportunities, boost local business and develop its own national companies. Gross Domestic Product (GDP) According to the 2011 Index of Economic Freedom, Bahrain has the freest economy in the Middle East and North Africa region and ranks tenth overall in the world. (Reuters, 2011) According to the same report, the United States ranked just above Bahrain at ninth. Women have been able to vote in national elections since 2002. Overall, the position of women is the most advanced in the region, providing legal protection in cases of divorce and child custody which is an issue of significant controversy in the region. Women also have better job opportunities in Bahrain than in most of its neighboring countries, with one-third of women participating in paid employment. Bahrain’s Gross Domestic Product for 2011 was estimated at $28.2 billion where oil revenues contribute 10 percent of the GDP while the largest contributor to the Bahraini economy comes from banking and financial services comprising 30 percent. Per Capita GDP According to the Central Intelligence Agency (CIA) World Fact Book, Bahrain’s Per Capita GDP was reported at $40,300 for 2010. (CIA Office of Public Affairs, 2011) In 2005, Bahrain signed a free trade agreement with the United States in which it became the first country in the Persian Gulf region to do so. In light of the agreement, Bahrain has begun an
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