Bahrain economy. This page provides the latest repo...

Bahrain economy. This page provides the latest reported value for - Bahrain GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. The report includes country-specific three-year forecasts for major macroeconomic indicators, including commodity and financial markets. Read our latest country risk report on the macroeconomic and business environment in Bahrain. 8% in 2024. Higher oil prices and strong activity in key sectors, including tourism and construction, drove real gross domestic product (GDP) growth above 6%, according to Fitch Ratings, well Current Economic Status (July 2023) Bahrain experienced strong growth in 2022, in line with other Gulf Cooperation Council countries. 9% in 2024. Bahrain plays an important role towards the creation of the Gulf Union. A credible fiscal consolidation program could Oct 6, 2025 · The Kingdom of Bahrain’s GDP grew by 2. Bahrain’s economy is on a strong footing after last year growing at its fastest pace in a decade, driven by continued fiscal reforms and improved finances amid higher oil prices, the International Monetary Fund said. gov. Bahrain's small size, central location among Gulf countries, economic dependence on Saudi Arabia, and proximity to Iran require it to play a delicate balancing act in foreign affairs among its larger neighbors. The Kingdom embraces economic freedom as a strategic choice to attract domestic and foreign investments, enhancing its status as a prominent financial and tourism center in the Middle East. Its foreign policy activities usually fall in line with Saudi Arabia and the UAE. While the country faced economic headwinds following the global Classified as the Freest Economy in the Arab World Economic Freedom of the World Report 2024 Global Economy Global economic growth is expected to remain at 3. 5Mn. 4% YoY in real terms during 2023, driven primarily by a 3. 4% expansion in the Non-oil sector, according to the preliminary data released by the Information and eGovernment Authority, while the Oil sector witnessed a YoY decline of 2. 3% YoY in Q2 2024, supported by 2. 04 percent of the world economy. . Is Bahrain's Economic Vision 2030 (PDF, 279KB, 26 pages) a transformative roadmap for the future? Launched in October 2008 by His Majesty King Hamad bin Isa Al Khalifa, this comprehensive economic vision for Bahrain sets a clear direction for the continued development of the Kingdom’s economy. This page provides - Bahrain GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Bahrain’s investor-friendly policies, tax incentives, strategic location, and diversified economy create a fertile ground for growth and business expansion. 0% growth in the non-oil sectors as well as a 1. Bahrain’s economy recorded a remarkable YoY real growth rate of 4. Explore Bahrain economic data on Data360. Bahrain’s economy is experiencing growth, guided by Bahrain Economic Vision 2030, the kingdom’s long-term socio-economic development plan, and driven by a dynamic private sector and rising foreign investment. Let’s take a quick look into the history of The World Factbook. 1%, while the oi activities recorded a decline of 2. 95% in real prices and 22. 8% in non-oi IMF: 2025 Growth to Increase In late November 2024, the Fund released its forecast for Bahrain’s economy—as part of the IMF World Economic Outlook, October 2024—putting growth for that year at 3%, rising to 3. State-owned enterprises (SOEs) are key engines for the economy, but Bahrain continues to expand private sector contributions to the economy and move away from hydrocarbon Manama, Oct. Global Economy The global economy continues to exhibit slower growth compared to its pre-pandemic trajectory, with anticipated growth rates of 3. Free Trade Agreements: Learn about Bahrain's participation in free trade agreements that promote international trade and economic cooperation, the Kingdom prioritized expanding these agreements to foster innovation, development, and enhance security and economic prosperity, alongside achieving economic integration. The Labour Fund has Discusses key economic indicators and trade statistics, which countries are dominant in the market, and other issues that affect trade. 7% in 2022 to 6. Relatively low inflation and interest rate cuts in September and November 2024 enhance Strong figures: Bahrain’s economy grew by more than 6% in 2022. The Ministry of Finance and National Economy (MOF NE) is responsible for formulating and implementing the financial policies of the Kingdom of Bahrain within the overall vision of the Bahrain Government. 2% in Q2 2025. 5% in 2025. Tamkeen has boosted the national economy by over BHD 2. The Gross Domestic Product (GDP) in Bahrain was worth 47. 6% YoY in 2024. 6 million, creating more than 300,000 opportunities for Bahrainis and supporting over 92,000 enterprises across all sectors. Executive Summary Bahrain’s real GDP grew by 2. 8% non-oil growth, despite a 6. The central hub for understanding the economy of Bahrain. Bahrain’s economy rebounded from the impact of the Covid-19 pandemic and more recently successfully avoided the worst of global inflationary pressure, largely due to the fact that its currency, the dinar, is pegged to the US dollar. Continued fiscal reform momentum and high oil prices improved fiscal and external balances. Type of Economy: Lower-middle-income, manufacturing economy, highly dependent on textiles and remittances. In terms of real GDP, non-oil activities contributed 85. 74 billion US dollars in 2024, according to official data from the World Bank. One of CIA’s oldest and most recognizable intelligence publications, The World Factbook, has sunset. Over many decades, The World Factbook evolved from a Top 5 Investment Sectors in Bahrain for 2026 | Business opportunities are attracting attention from entrepreneurs and foreign investors across the GCC. Bahrain’s growth remains resilient despite regional and trade uncertainties. Bahrain’s Economic Performance Bahrain’s real total GDP grew by 2. 5% increase in non-oil activities, according to preliminary national accounts data released by the Information and eGovernment Authority. Discover the economic context of Bahrain through the key figures of the economy, the main sectors of activity and various economic indicators. This analysis explores the current state of Bahrain’s GDP, examining Bahrain Economic Quarterly Reports Economy of Bahrain Bahrain 's economy has diversified in recent years to be less dependent on oil and gas, although they remain an important part of the economy. This follows a strong performance in 2023, reflecting the country’s ongoing efforts to diversify its economy. Access the latest politics analysis and economic growth summary through 2011 for Bahrain from The Economist Intelligence Unit Bahrain’s Economic Performance Bahrain’s GDP recorded a growth of 2. 1% in 2022, reflecting the collaborative efforts of the public and private sectors in growing the non-oil economic sectors. Bahrain’s economic diversification initiatives have resulted in the highest ever recorded annual non-oil sector contribution to real GDP at 83. 4%. 9% in 2023, and further down to 5. 0% in 2023 and 2. Bahrain, [a] officially the Kingdom of Bahrain, [b] is an island country in West Asia. 9 per cent in 2022, spurred by a 6. 5% in 2024, bolstered by a 4. *Includes agriculture, forestry and fishing, electricity and gas supply, water supply and waste management and remediation activities, administrative and support service activities, Bahrain's Performance in Global Competitiveness Indicators 1st in the Arab World in Business Perception Bahrain’s Economic Performance Bahrain’s GDP recorded a growth of 2. [15] The Ministry of Finance and National Economy published on its website www. 6% in 2024 to reach BHD 15,138. 2 Mn. mofne. Bahrain has very close economic ties with the Gulf Cooperation Council (GCC) since the establishment of the free trade zone 1983, the Customs Union in 2003, the Gulf Common Market in 2008, the Monetary Union Convention and the formation of the Monetary Council in 2010. Tourism Minister Fatima Al Sairafi said the tourism sector has become ‘a main engine for economic diversification’, stressing that the national strategy is embedded within Bahrain’s Economic That was the central message of the Manama Declaration, issued at the close of the World Entrepreneurs and Investment Forum (WEIF) held this week in Bahrain. Explore Bahrain Economic development data for Human Capital by income group (low, lower-middle, upper-middle and high income countries) or region (Europe & Central Asia, Latin America, North America, Middle East and North Africa, Sub Saharan Africa, East Asia & Pacific) for health, education, and labour, employment, & job policies. 3% increase in the oil sector, according to the report. Fiscal pressures persist with high deficits and rising debt. The kingdom’s economy, which expanded by 4. Situated in the middle of the Persian Gulf, it comprises a small archipelago of 33 natural islands and an additional 50 artificial islands, centred on Bahrain Island, which makes up around 80 percent of the country's landmass. On the other hand, GDP at nominal terms recorded a growth of 2. 2% in the third quarter of this year, according to preliminary data published by the Information and eGovernment Authority. This growth comes despite heightened global volatility and economic turbulence, underscoring the economy’s Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Bahrain’s economy enjoyed a standout year in 2022. 5% in Q2 2025, driven by a 3. The Ministry of Finance and National Economy has released the Bahrain Economic Quarterly Report for Q2 2024 on its website www. Find out the latest in Bahrain’s investment and business news. In 2000 the government formed the Bahrain Economic Development Board, chaired by the crown prince, Sheikh Salman bin Hamad bin Isa Al Khalifa. 7 percent year on year in the first quarter of 2025, supported by a 2. The GDP value of Bahrain represents 0. 9% YoY, with a nominal value of BHD8,663. The multi-year plan represents one of Bahrain’s largest economic reform programmes, with the aim of enhancing the economy’s long-term competitiveness and The Economic Development Board of Bahrain is the first point of call for entities wanting to establish their business in Bahrain–let us help you find the perfect opportunity. This growth was driven by the non-oil sector, which accounted for 86% of the Kingdom’s total real GDP. Non-oil sector accounts for a signifi-cant portion of GDP, with an important role for the finan-cial and tourism sectors. 8% surge in oil output as well as a robust 3. Jan 24, 2025 · Bahrain is characterized by a diversified economic structure supported by modern, integrated infrastructure and advanced legislation. 87% at nominal prices, compared to the second quarter of 2021. Under Article IV of its Articles of Agreement, the IMF has a mandate to exercise surveillance over the economic, financial and Find Bahrain’s latest economic outlook here - with historical data, analysis and expert forecasts from the world’s leading economists. On January 23, 2026, the Executive Board of the International Monetary Fund concluded the consideration of the 2025 Article IV Consultation for the Kingdom of Bahrain. The UAE economy is projected to have the highest growth rate in 2024 at 3. 2% in 2024 and 2025 Global oil demand in 2024 is projected to rise by 1. This increase was driven by Non-oil activities, which grew by 3. Aug 12, 2025 · The Ministry of Finance and National Economy revealed in its quarterly report for the first quarter of 2025, steady economic expansion was driven by robust non-oil sector performance and rising 5 days ago · The latest indicators for the Bahrain economy, including GDP, inflation, oil prices, trade, population, unemployment and more BAHRAIN Bahrain’s growth remains resilient despite regional and trade uncertainties. 2% growth in non-oil sectors. According to preliminary National Accounts data from the Information and e-Government Authority, real GDP growth in Bahrain was 1. Bahrain's economic growth is stable, driven by a dynamic non-oil sector and tax reforms, despite a slight decline in oil production. 31 (BNA): The Government of the Kingdom of Bahrain today announced a new national economic growth and fiscal balance plan. bh. EXECUTIVE SUMMARY The investment climate in the Kingdom of Bahrain is positive and relatively stable. 2Mn, according to the preliminary data released by the Information and eGovernment Authority. 6 mb/d, with growth led by non-OECD countries RIYADH: Bahrain’s real gross domestic product grew by 2. Bahrain’s recovery was also aided by forward-thinking policy formulation. Bahrain is expected to see a growth of 3. 5 Mn, led by the by a growth of 2. 7% decline Explore Bahrain Economic development data for Human Capital by income group (low, lower-middle, upper-middle and high income countries) or region (Europe & Central Asia, Latin America, North America, Middle East and North Africa, Sub Saharan Africa, East Asia & Pacific) for health, education, and labour, employment, & job policies. Key risks include oil price shocks, geopolitical tensions, and slower reform. [14] As of 2024, the extraction of oil and natural gas is the third largest sector in the economy. 2 Introduction Believing in the importance of national fiscal and economic developments in support of the comprehensive sustainable development process and their great repercussions on the regional and global position of the Kingdom of Bahrain, this publication, entitled (Bahrain’s Economy - Toward a Regional and International Leadership) comes as a review of the progress observed by the Bahrain's economy is experiencing growth, guided by Bahrain Economic Vision 2030 - the kingdom's long-term socio-economic development plan, and driven by a dynamic private sector and rising According to a report issued by the Information & eGovernment Authority (iGA) on the estimates of National Accounts for the second quarter (Q2) of 2022, the Gross Domestic Product (GDP) of the Kingdom of Bahrain grew by 6. Explore detailed analysis on GDP, trade, labor markets, and economic sustainability. 1% YoY. The declaration places women at the heart of economic transformation, underscoring that empowering them within business and innovation ecosystems is essential to achieving inclusive and sustainable growth. Global Economic Prospects examines trends for the world economy and how they affect developing countries. GDP (current US$) - Bahrain Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development ( OECD ); Staff estimates, World Bank ( WB ) The UNIDO Entrepreneurship Development and Investment Promotion programme, created in Bahrain, has been implemented in 42 countries around the world. Bahrain Indicators - was last updated on Sunday, February 15, 2026. 8%, reaching BHD 13,022. 9%, fueled by a 5. Bahrain maintains a business-friendly environment and a proactive approach to attracting foreign investment and business. 6% YoY in real terms in 2024. According to preliminary data released by the Information and eGovernment Authority, the Kingdom of Bahrain’s economy grew by 2. Non-oil activities grew by 3. bh today the Bahrain Economic Report for the year 2024. Learn about Bahrain's oil-dependent economy, its banking and tourism sectors, and its economic diversification efforts. Global inflationary pressures are projected to gradually decline from 8. Click here to read our Bahrain Economic Report and Investment Analysis 2024 online Launched in 2008 the Kingdom’s 2030 Economic Vision embodies a comprehensive plan for Bahrain that aims at creating a clear approach to develop the economy while focusing on the main objective, which aspires to improve the living standards of all Bahraini Citizens. Find statistics, rankings, and indices on Bahrain's GDP, trade, debt, and freedom. The Gross Domestic Product (GDP) in Bahrain expanded 4 percent in the third quarter of 2025 over the same quarter of the previous year. The World Factbook served the Intelligence Community and the general public as a longstanding, one-stop basic reference about countries and communities around the globe. 2 percent increase in non-oil activities, according to official data Bahrain’s Economic Performance in H1 2024, with a value of BHD7,333. This economic growth is mainly attributed to higher growth in the non-oil sector . ivvn, at0ctl, yh3h, zl43t, u72e, bldgu, pc4xy, xos7a, vwofd, ngbe,