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Sunni Islamist legislators support a greater role for shari'a in daily life; several small leftist and Islamic fundamentalist groups are active International organization participation: ABEDA, AFESD, AMF, FAO, G-77, GCC, IBRD, ICAO, ICC, ICCt (signatory), ICRM, IDB, IFC, IFRCS, IHO, ILO, IMF, IMO, Interpol, IOC, IPU, ISO, ITU, ITUC, LAS, MIGA, NAM, OAPEC, OIC, OPCW, UN, UNCTAD, UNESCO, UNIDO, UNWTO, UPU, WCO, WFTU, WHO, WIPO, WMO, WTO Diplomatic representation in the US: chief of mission: Ambassador Nasir bin Muhammad al-BALUSHI chancery: 3502 International Drive NW, Washington, DC 20008 telephone: [1] (202) 342-1111 FAX: [1] (202) 362-2192 consulate(s) general: New York Diplomatic representation from the US: chief of mission: Ambassador William T. MONROE embassy: Building #979, Road 3119 (next to Al-Ahli Sports Club), Block 331, Zinj District, Manama mailing address: American Embassy Manama, PSC 451, FPO AE 09834-5100; international mail: American Embassy, Box 26431, Manama telephone: [973] 1724-2700 FAX: [973] 1727-0547 Flag description: red, the traditional color for flags of Persian Gulf states, with a white serrated band (five white points) on the hoist side; the five points represent the five pillars of Islam Economy Bahrain Economy - 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. GDP (purchasing power parity): $17.7 billion (2006 est.) GDP (official exchange rate): $12.12 billion (2006 est.) GDP - real growth rate: 7.6% (2006 est.) GDP - per capita (PPP): $25,300 (2006 est.) GDP - composition by sector: agriculture: 0.5% industry: 3
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