The Gross Domestic Product (GDP) in Bahrain contracted 6.91 percent in the third quarter of 2020 over the same quarter of the previous year. source: Central Informatics Organisation - Kingdom of Bahrain

GDP Annual Growth Rate in Bahrain averaged 3.27 percent from 2000 until 2020, reaching an all time high of 11.43 percent in the fourth quarter of 2010 and a record low of -8.90 percent in the second quarter of 2020. 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. Bahrain GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.

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 3.00 in 12 months time. In the long-term, the Bahrain GDP Annual Growth Rate is projected to trend around 3.00 percent in 2022 and 2.50 percent in 2023, according to our econometric models.

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Bahrain GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
-6.91 -8.90 11.43 -8.90 2000 - 2020 percent Quarterly

Calendar GMT Actual Previous Consensus TEForecast
2020-01-07 09:40 AM Q3 1.6% 0.3% 2.1%
2020-04-01 05:00 AM Q4 -0.44% 2.65% 2.0%
2020-07-07 05:20 AM Q1 -1.1% -0.4% -1.5%
2020-09-29 08:00 AM Q2 -8.9% -1.1% -3.5%
2021-03-29 05:00 AM Q4 -6.9% -3.5%
2021-06-29 05:00 AM Q1
2021-09-29 05:00 AM Q2
2021-12-29 05:00 AM Q3

News Stream
Bahrain Recession Deepens in Q2
Bahrain's economy plunged 8.9% year-on-year in the second quarter of 2020, following a 1.1% contraction in the previous three-month period, amid the pandemic crisis. The non-oil sector was the most affected (-11.5% vs -1.7% in Q1), in particular hotels & restaurants (-61.3% vs -36%) due to travel restrictions imposed to contain the new coronavirus; transport & communications (-47.4% vs -6.3%) and business services (-23% vs -3%). Meanwhile, the oil sector grew 3.2%, up from a 1.8% increase in the previous period. On a quarterly basis, the GDP fell 4.6%, the most since 2011, compared to a 2.2% decline in the previous period.
Bahrain Economy Enters a Recession
Bahrain's economy shrank 1.1% year-on-year in the first quarter of 2020, following a 0.4% contraction in the previous three-month period, entering the first recession since comparable records began in 2009. The non-oil sector, where the repercussions of the Covid-19 pandemic were more evident, contracted 1.7%, led by restaurants & hotels (-36%), transportation & storage (-6.3%); government services (-2.9%); financial services (-1.6%) and real estate & business activities (-0.4%). Meanwhile, growth was recorded in manufacturing (4.8%); social & personal services (1.3%) and construction (0.3%). On the other hand, the oil sector grew 1.8%, driven by a 12.5% increase in gas production. On a quarterly basis, the GDP fell 2.2%, the most since 2011, compared to a 1.4% rise in the previous period.
Bahrain GDP Shrinks 0.44% YoY in Q4
Bahrain's gross domestic product dropped 0.44 percent year-on-year in the fourth quarter of 2019, following an upwardly revised 2.65 percent growth in the previous three-month period. This was the first contraction since the first quarter of 2018, amid declines in government services (-20.27 percent vs -0.46 percent in Q3); financial services (-1.10 percent vs -0.83 percent); transport & communication (-5.43 percent vs 0.39 percent) and hotels & restaurants (-0.05 percent vs 8.29 percent). Meanwhile, output grew primarily for manufacturing (5.21 percent vs 4.67 percent); mining & quarrying (1.70 percent vs -0.02 percent), namely crude petroleum & natural gas (1.74 percent vs -0.15 percent) an construction (2.30 percent vs 1.46 percent). On a quarterly basis, the GDP declined 1.43 percent compared to an upwardly revised 0.89 percent slump in the preceding quarter. In 2019, the economy grew 1.82 percent over a year ago.

Bahrain GDP Annual Growth Rate
In Bahrain, Gross Domestic Product is divided by two industries: Goods Producing and Services Producing. Goods Producing Industry constitutes around 41.8 percent of the GDP and the largest segments within this sector are manufacturing (18.6 percent); mining (14.5 percent) and construction (8.1 percent). Services Producing Industry accounts for 58.2 percent of total GDP and the biggest segments within services are financial services (17.1 percent); transport & communications (7.1 percent); wholesale & retail trade & repairs (4.5 percent) and real estate (3.8 percent).