Names: conventional long form: Kingdom of Bahrain conventional short form: Bahrain local long form: Mamlakat al Bahrayn local short form: Al Bahrayn former: Dilmun
Capital City: Manama
Population: 698,585 note: includes 235,108 non-nationals (July 2006 est.)
GDP Per Capita: $25,300 (2006 est.)
Currency: Bahraini dinar (BHD)
Languages: Arabic, English, Farsi, Urdu
Total Area: total: 665 sq km land: 665 sq km water: 0 sq km 3.5 times the size of Washington, DC
Region: Asia
Industries: petroleum processing and refining, aluminum smelting, iron pelletization, fertilizers, offshore banking, ship repairing, tourism
Agriculture: fruit, vegetables; poultry, dairy products; shrimp, fish
Resources: oil, associated and nonassociated natural gas, fish, pearls
Labor Force:
352,000 note: 44% of the population in the 15-64 age group is non-national (2006 est.)
agriculture: 1% industry: 79% services: 20% (1997 est.)
Exports:
$12.62 billion (2006 est.)
petroleum and petroleum products, aluminum, textiles
Imports:
$9.036 billion (2006 est.)
crude oil, machinery, chemicals
Overview:
With its highly developed communication and transport facilities, Bahrain is home to numerous multinational firms with business in the Gulf. Petroleum production and refining account for about 60% of Bahrain's export receipts, 70% of government revenues, and 20% of GDP, underpinning Bahrain's strong economic growth in recent years. The financial and construction sectors have also bolstered GDP growth. Bahrain is actively pursuing the diversification and privatization of its economy to reduce the country's dependence on oil. As part of this effort, Bahrain and the US in August 2006 implemented a Free Trade Agreement (FTA), the first FTA between the US and a Gulf state. Unemployment, especially among the young, and the depletion of oil and underground water resources are major long-term economic problems.
In 2007 Missouri exported $1,195,143 in goods to Bahrain. This ranks Bahrain 65th among the 223 international buyers of Missouri goods. Missouri exports to Bahrain decreased from the previous year by $373,051 a change of -23.79%. State exports to Bahrain have decreased over the last 5 years by $538,120 a change of -31.05%. Missouri exports account for .01%. of all 2007 US exports to Bahrain.
| NAICS Industry | Annual | ||||||
|---|---|---|---|---|---|---|---|
| 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | ||
| 000 - Total All Industries MO | 1,733,263 | 1,491,184 | 727,975 | 1,714,366 | 1,568,194 | 1,195,143 | |
| 000 - Total All Industries US | 419,198,846 | 508,828,883 | 300,730,336 | 350,632,711 | 490,746,547 | 591,357,468 | |