Bahrain's gross domestic product expanded 2.73 percent year-on-year in the first quarter of 2019, easing from an upwardly revised 5.32 percent growth in the previous three-month period. The non-oil sector advanced 1.52 percent mainly due to higher spending on infrastructure projects which benefit from the Gulf financial support package. In addition, the oil sector grew 9.20 percent, boosted by a significant increase in the quantities of oil produced during the quarter. On a quarterly basis, the GDP contracted 2.49 percent, due to the decrease in the quantities of oil produced and the decline in crude oil prices. GDP Annual Growth Rate in Bahrain averaged 4.01 percent from 2000 until 2019, reaching an all time high of 11.43 percent in the fourth quarter of 2010 and a record low of -2.86 percent in the fourth quarter of 2011.
GDP Annual Growth Rate in Bahrain is expected to be 2.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Bahrain to stand at 2.00 in 12 months time. In the long-term, the Bahrain GDP Annual Growth Rate is projected to trend around 3.50 percent in 2020, according to our econometric models.