The economy of the Middle East is very diverse, with national economies ranging from hydrocarbon-exporting rentiers to centralized socialist economies and free-market economies. The region is best known for oil production and export, which significantly impacts the entire region through the wealth it generates and through labor utilization. In recent years, many of the countries in the region have undertaken efforts to diversify their economies. Overview An International Monetary Fund (IMF) analysis of growth determinants indicates that greater integration with international markets could provide a substantial boost to income and gross domestic product (GDP) growth. According to Bayt.com's Middle East Consumer Confidence Index, March 2015: While close to a quarter (24%) of respondents indicated that their country's economy had improved over the previous 6 months, over one third (35%) thought that it had gotten worse. Those in Syria were the most negative about their country's economy: 83% of them thought it has receded as compared to 6 months prior. 38% of respondents expected the economy in their country to improve in the following 6 months, while a quarter expected it to get worse. Overall, only 7% believed that business conditions of that time were 'very good'; 24% thought business conditions were 'good'. Half of respondents expected business conditions in their country to have improved in the following year. Respondents from Syria tended to be more pessimistic about future business conditions: about half of them (49%) thought they would become worse. By country and territory Bahrain In 2018 Bahrain has a per capita GDP of 50,700. Bahrain has the Persian Gulf's first "post-oil" economy. Since the late 20th century, Bahrain has heavily invested in the banking and tourism sectors. The country's capital, Manama, is home to many large financial institutions. Bahrain has a high Human Development Index (ranked 48th in the world) and was recognised by the World Bank as a high income economy. Bahrain has expanded its industrial capacity to include aluminum production and signed a Free Trade Agreement with the United States in an effort to expand its export base. Bahrain has also positioned itself as a strong player in Islamic banking in an effort to expand beyond resource exports and into a greater role in the international service industry. Egypt Egypt derives a great deal of its foreign exchange from tourism. Consequently, most of its labor force is devoted to the service sector. Agriculture is also a large