Bahrain economy. . 6% YoY in real terms in 2024. Its...
- Bahrain economy. . 6% YoY in real terms in 2024. Its foreign policy activities usually fall in line with Saudi Arabia and the UAE. 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. 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. 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. This page provides - Bahrain GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 04 percent of the world economy. Bahrain’s economy enjoyed a standout year in 2022. Bahrain Indicators - was last updated on Sunday, February 15, 2026. gov. The GDP value of Bahrain represents 0. 5% in 2024, bolstered by a 4. Bahrain plays an important role towards the creation of the Gulf Union. 2% in the third quarter of this year, according to preliminary data published by the Information and eGovernment Authority. Learn about Bahrain's oil-dependent economy, its banking and tourism sectors, and its economic diversification efforts. Continued fiscal reform momentum and high oil prices improved fiscal and external balances. 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. 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. [14] As of 2024, the extraction of oil and natural gas is the third largest sector in the economy. 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. The Labour Fund has Discusses key economic indicators and trade statistics, which countries are dominant in the market, and other issues that affect trade. 6 million, creating more than 300,000 opportunities for Bahrainis and supporting over 92,000 enterprises across all sectors. Tamkeen has boosted the national economy by over BHD 2. Read our latest country risk report on the macroeconomic and business environment in Bahrain. 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. This growth was driven by the non-oil sector, which accounted for 86% of the Kingdom’s total real GDP. This increase was driven by Non-oil activities, which grew by 3. Global inflationary pressures are projected to gradually decline from 8. 9% in 2023, and further down to 5. 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. 5% in Q2 2025, driven by a 3. *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. Executive Summary Bahrain’s real GDP grew by 2. 9%, fueled by a 5. 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. 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 Gross Domestic Product (GDP) in Bahrain was worth 47. 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. 7 percent year on year in the first quarter of 2025, supported by a 2. 74 billion US dollars in 2024, according to official data from the World Bank. 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. Bahrain maintains a business-friendly environment and a proactive approach to attracting foreign investment and business. Non-oil sector accounts for a signifi-cant portion of GDP, with an important role for the finan-cial and tourism sectors. According to preliminary data released by the Information and eGovernment Authority, the Kingdom of Bahrain’s economy grew by 2. 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. Global Economic Prospects examines trends for the world economy and how they affect developing countries. bh today the Bahrain Economic Report for the year 2024. 3% increase in the oil sector, according to the report. Let’s take a quick look into the history of The World Factbook. 5% increase in non-oil activities, according to preliminary national accounts data released by the Information and eGovernment Authority. 8% in 2024. 1% YoY. 8% surge in oil output as well as a robust 3. Non-oil activities grew by 3. 5 Mn, led by the by a growth of 2. mofne. Fiscal pressures persist with high deficits and rising debt. 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. 2 percent increase in non-oil activities, according to official data Bahrain’s Economic Performance in H1 2024, with a value of BHD7,333. 2 Mn. Discover the economic context of Bahrain through the key figures of the economy, the main sectors of activity and various economic indicators. 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. 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. 8%, reaching BHD 13,022. 1%, while the oi activities recorded a decline of 2. 2% in 2024 and 2025 Global oil demand in 2024 is projected to rise by 1. 3% YoY in Q2 2024, supported by 2. The Gross Domestic Product (GDP) in Bahrain expanded 4 percent in the third quarter of 2025 over the same quarter of the previous year. A credible fiscal consolidation program could Oct 6, 2025 · The Kingdom of Bahrain’s GDP grew by 2. In terms of real GDP, non-oil activities contributed 85. 0% in 2023 and 2. 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. Bahrain is expected to see a growth of 3. [15] The Ministry of Finance and National Economy published on its website www. The report includes country-specific three-year forecasts for major macroeconomic indicators, including commodity and financial markets. 95% in real prices and 22. In 2000 the government formed the Bahrain Economic Development Board, chaired by the crown prince, Sheikh Salman bin Hamad bin Isa Al Khalifa. This follows a strong performance in 2023, reflecting the country’s ongoing efforts to diversify its economy. Find statistics, rankings, and indices on Bahrain's GDP, trade, debt, and freedom. 6 mb/d, with growth led by non-OECD countries RIYADH: Bahrain’s real gross domestic product grew by 2. 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. Jan 24, 2025 · Bahrain is characterized by a diversified economic structure supported by modern, integrated infrastructure and advanced legislation. 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. 9% in 2024. bh. 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. On the other hand, GDP at nominal terms recorded a growth of 2. Explore Bahrain economic data on Data360. The Ministry of Finance and National Economy has released the Bahrain Economic Quarterly Report for Q2 2024 on its website www. 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 economic growth is mainly attributed to higher growth in the non-oil sector . 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. 6% YoY in 2024. 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. 4% YoY in real terms during 2023, driven primarily by a 3. 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. 2% in Q2 2025. Type of Economy: Lower-middle-income, manufacturing economy, highly dependent on textiles and remittances. Bahrain’s recovery was also aided by forward-thinking policy formulation. 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. The kingdom’s economy, which expanded by 4. 8% non-oil growth, despite a 6. 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. EXECUTIVE SUMMARY The investment climate in the Kingdom of Bahrain is positive and relatively stable. Key risks include oil price shocks, geopolitical tensions, and slower reform. 2% growth in non-oil sectors. 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. 5% in 2025. Global Economy The global economy continues to exhibit slower growth compared to its pre-pandemic trajectory, with anticipated growth rates of 3. 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. According to preliminary National Accounts data from the Information and e-Government Authority, real GDP growth in Bahrain was 1. 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. 6% in 2024 to reach BHD 15,138. Find out the latest in Bahrain’s investment and business news. Bahrain’s Economic Performance Bahrain’s real total GDP grew by 2. 9 per cent in 2022, spurred by a 6. Bahrain’s economic diversification initiatives have resulted in the highest ever recorded annual non-oil sector contribution to real GDP at 83. Bahrain’s investor-friendly policies, tax incentives, strategic location, and diversified economy create a fertile ground for growth and business expansion. 5Mn. Bahrain’s economy recorded a remarkable YoY real growth rate of 4. 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. Bahrain, [a] officially the Kingdom of Bahrain, [b] is an island country in West Asia. 7% in 2022 to 6. Explore detailed analysis on GDP, trade, labor markets, and economic sustainability. Bahrain’s growth remains resilient despite regional and trade uncertainties. 1% in 2022, reflecting the collaborative efforts of the public and private sectors in growing the non-oil economic sectors. The UAE economy is projected to have the highest growth rate in 2024 at 3. 0% growth in the non-oil sectors as well as a 1. 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. 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. 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. 87% at nominal prices, compared to the second quarter of 2021. One of CIA’s oldest and most recognizable intelligence publications, The World Factbook, has sunset. 4%. 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 central hub for understanding the economy of Bahrain. 2Mn, according to the preliminary data released by the Information and eGovernment Authority. e6vf, ry9h, zdvtv, f8ae, liern1, eolkl, 2ffzmr, fagst, brfuh, lvvyyw,