Economy & industry overview
Bahrain is a small island nation in the Persian Gulf with a high-income, diversified economy anchored by financial services, aluminium smelting, petroleum refining, and tourism. It is one of the region's leading Islamic and offshore banking hubs, hosting hundreds of financial institutions regulated by the Central Bank of Bahrain. Aluminium Bahrain (Alba), the world's largest single-site aluminium smelter outside China, is a cornerstone of the industrial sector and the largest company listed on the Bahrain Bourse. The government's Economic Vision 2030 aims to reduce oil dependency and grow the private sector, with a particular emphasis on fintech, logistics, and tourism. The Bahraini dinar has maintained a fixed peg to the US dollar since 1980.
Key sectors
Learn everything about Bahrain →Macro
| GDP nominal, USD | $47.11B |
| GDP growth real, annual | 2.6% |
| Inflation annual | 0.3% |
| Population people | 1.6M |
| GDP per capita USD | $29,057 |
| Market cap total listed, USD | $20.41B |
| Market cap / GDP | 43.3% |
| Unemployment | 1.1% |
| Listed companies | 39 |
| Exchange | Bahrain Bourse (BHB) |
Data year: 2024. Sources: World Bank Development Indicators 2024, IMF World Economic Outlook April 2026, Central Bank of Bahrain (CBB) Capital Markets Supervision Directorate, Bahrain Ministry of Finance & National Economy – Bahrain Economic Quarterly 2025, TheGlobalEconomy.com (World Bank data), TradingEconomics.com, Wikipedia – Economy of Bahrain, Capital.com – Largest Bahrain Companies by Market Cap 2026, AGBI – Bahrain Bourse market cap report Nov 2024, Worldometers GDP 2026, FocusEconomics – Bahrain Country Profile, The Global Wealth – Bahrain Golden Residency Visa, Uglobal – Bahrain Golden Visa Programme.
Latest news
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- AM Best Affirms Credit Ratings of Bahrain Kuwait Insurance Company B.S.C. and Its Subsidiary
- Global AI Visionary and Expert Mo Gawdat to Headline Bahrain Fintech Forward 2026
- Bahrain to host the International Tourism Investment Forum 2027 with UN Tourism, under the patronage of HRH the Crown Prince and Prime Minister
Other Middle East markets
Largest listed companies
The biggest companies on the main local exchange, by market capitalisation.
| # | Company | Sector | Market capUSD | US listing |
|---|---|---|---|---|
| 1 | Aluminium Bahrain B.S.C. (Alba)ALBH · BHB | Industrials – Aluminium Smelting | $4.20B | — |
| 2 | National Bank of Bahrain B.S.C. (NBB)NBB · BHB | Financials – Banking | $2.80B | — |
| 3 | Bank ABC (Arab Banking Corporation)ABC · BHB | Financials – Banking | $1.80B | — |
| 4 | GFH Financial Group B.S.C.GFH · BHB | Financials – Islamic Investment Banking | $1.20B | — |
| 5 | Bahrain Telecommunications Company B.S.C. (Batelco)BATELCO · BHB | Telecommunications | $1.10B | — |
| 6 | Bank of Bahrain and Kuwait B.S.C. (BBK)BBK · BHB | Financials – Banking | $950.00M | — |
| 7 | Ahli United Bank B.S.C. (AUB)AUB · BHB | Financials – Banking | $900.00M | — |
| 8 | Al Salam Bank B.S.C.ALSALAM · BHB | Financials – Islamic Banking | $700.00M | — |
| 9 | APM Terminals Bahrain B.S.C.APMTB · BHB | Industrials – Ports & Logistics | $650.00M | — |
| 10 | Bahrain Islamic Bank B.S.C. (BisB)BISB · BHB | Financials – Islamic Banking | $480.00M | — |
| 11 | Solidarity Bahrain B.S.C.SOLIDARITY · BHB | Financials – Takaful Insurance | $320.00M | — |
| 12 | Investcorp Bank B.S.C.INVCORP · BHB | Financials – Alternative Investment Management | $310.00M | — |
| 13 | Khaleeji Commercial Bank B.S.C. (KHCB)KHCB · BHB | Financials – Islamic Banking | $260.00M | — |
| 14 | Zain Bahrain B.S.C.ZAINBH · BHB | Telecommunications | $230.00M | — |
| 15 | Ithmaar Holding B.S.C.ITHMR · BHB | Financials – Islamic Financial Services | $190.00M | — |
US-traded ETFs
Funds listed in the US that give exposure to this market, the simplest route for many US investors.
Local exchange & access
| Exchange | Bahrain Bourse |
| Code | BHB |
| Website | www.bahrainbourse.com |
| Currency | BHD |
Local broker access
The Bahrain Bourse (BHB) is accessible to foreign investors for listed equities, bonds, mutual funds, and Treasury Bills. Foreigners residing in Bahrain for one year or more may purchase up to 49% of a domestic joint-stock company's equities, though individual foreign ownership is capped at 1% of a company's issued capital. Foreign (non-resident) investors may freely trade bonds, mutual fund units, and warrants. International investors typically gain exposure to BHB-listed stocks through regional brokers or GCC-licensed intermediaries (e.g., regional arms of EFG Hermes, Arqaam Capital, Kuwait Financial Centre). Direct online access for non-GCC retail investors is limited; most participation is through institutional or regional accounts. No US-listed single-country Bahrain ETF currently exists; exposure is gained through frontier-markets ETFs with partial Bahrain allocation.
Global brokers with foreign-market access
- Interactive Brokers — Direct access to 90+ markets worldwide, including many emerging exchanges.
- Saxo Bank — Multi-market access across Asia, Europe and the Middle East.
- Charles Schwab (Global) — Foreign ordinary shares on select markets; US-listed ADRs and ETFs.
- Fidelity International Trading — International stock trading on a number of developed and emerging markets.
Listed for convenience only. Not a recommendation. Available markets, fees and onboarding rules differ by broker and by your country of residence.
Relocation & residency
Investment visa / residency programme
Grants Long-term renewable residency (no citizenship pathway)
Bahrain's Golden Residency Visa programme, launched in 2021 by the Ministry of Interior's Nationality, Passport & Residence Affairs (NPRA), grants long-term renewable residency to qualifying investors, property owners, retirees, and skilled professionals. Property-based eligibility requires ownership of real estate valued at a minimum of 200,000 BHD (approximately USD 530,000). Existing residents who have lived continuously in Bahrain for five years with average monthly income of at least 2,000 BHD (approx. USD 5,300) are also eligible. Non-resident retirees must demonstrate at least 4,000 BHD (approx. USD 10,600) per month in income. Highly talented individuals: including PhD holders, accredited entrepreneurs, inventors with patents, and award-winning artists, may also qualify. Over 10,000 Golden Visas had been issued by end-2024 to holders from over 100 nationalities. There is no citizenship pathway through this investment-migration programme; Bahraini citizenship is granted only through traditional naturalization or royal decree.
Minimum investment: $530.00K
Need help applying? Specialist investment-migration advisers such as Henley & Partners.
Foreign-investor access
Bahrain is considered one of the more accessible Gulf states for expatriates and foreign professionals. There is no personal income tax. The cost of living is generally lower than Dubai or Abu Dhabi. Foreign nationals can own freehold property in designated areas. The country operates a Flexi-Permit allowing expatriates to work for multiple employers, and a self-sponsorship visa exists for financially independent individuals. English is widely spoken in business. A robust financial services ecosystem and a relatively liberal social environment make it attractive for international workers and entrepreneurs.
US-listed ADRs & cross-listings
Companies from this country whose shares also trade in the US, investable in a normal US brokerage account.
| Company | US ticker | Local ticker | Note |
|---|---|---|---|
| Aluminium Bahrain B.S.C. (Alba) | ALBHF | ALBH | Alba trades OTC in US markets under the ticker ALBHF as a pink-sheet/OTC security. It is also listed on the London Stock Exchange (LSE: ALBH). There is no formal US-listed ADR programme; ALBHF represents OTC trading of the Bahrain-listed shares. |