The kingdom of Bahrain is a small country (760 square kilometers, the 188th in the world) born over an archipelago in the Persian Gulf, independent since 1971. There are over 1.2 million people, with a pro capita income of $ 27.300 (purchase power parity), high level of unemployment (15%), high Public Debt (75.3%) and low inflation (0.3%) and interest rate (0.5%). It is a Member of Gulf Cooperation Council (GCC).
Originally the economy was based on petroleum sector, but the declining reserves forced the country to transform itself into an international banking center able to attract many multinational firms, becoming a sort of financial hub for the Gulf. However petrol remains source of 70% of government budget and 11% of GDP.
The country is living an increasing popular protest claiming for more democracy and human right respect. In March 2011 it was declared the state of emergency and Manama controlled by military force. In spite many efforts deployed to recreate a positive dialog with protestants, the situation is deteriorating.
In 2011, Bahrain economy suffered the difficult social environment and the persistent and growing riots are reducing confidence in the international community.
In 2012, following a never-ending growing string, the car market in Bahrain posted a new all-time volume record growing an astonishing 49.6% from the previous year. Recovering from 2011 short supply, Toyota roared at 37.9% of share.
Bahrain has one of most dynamic world's car markets and November confirmed the trend with a 29% increase over last year. The 2012 is running towards the new all-time record with a yearly increase of 47%. Toyota above 40% of share.
In Bahrain, the light passenger vehicle market is really on fire and in October 2012 grew 37.8% from last year. This was the 20th year-on-year increase in a string and the year-to-date sales were up 49.0%. Toyota was able to further improve share, now at 36%.
In Bahrain, the light passenger vehicle market momentum continued in September with sales up 27.7%, the 19th year-on-year increase in a string. Year-to-date sales were up 50.4% from last year. Toyota, Nissan and Hyundai held over 60% of market share.
Bahrain car market was on fire in May with 3,677 sales, up 48.7% from last year. Year to date sales in May were 18.668, up 64.6% from last year. In May, Toyota share at 39% was 8 points of share up from 2011. Six Toyota products in the Top 6.
Bahrain was the first nation in the Middle East to host a Formula One World Championship Grand Prix in the 2007. The circuit was designed by the German H. Tilke and the architecture based on Arabian themes. It host 70.000 people and during the Gran Prix employs over 3.000 workers.