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.

GDP Annual Growth Rate in Bahrain averaged 3.78 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. 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 May of 2020.

GDP Annual Growth Rate in Bahrain is expected to be -1.50 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 2.20 in 12 months time. In the long-term, the Bahrain GDP Annual Growth Rate is projected to trend around 2.50 percent in 2021, according to our econometric models.

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Bahrain GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
-0.44 1.58 11.43 -2.86 2000 - 2019 percent Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2019-06-13 10:45 AM Q1 2.7% 5.3% 1.3%
2019-10-07 02:15 PM Q2 0.8% 2.6% 2.5%
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%
2020-06-29 09:00 AM Q1 -0.44% -1.5%
2020-09-29 09:00 AM Q2 -0.9%
2021-01-29 09:00 AM Q3 2.1%


News Stream
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.
2020-04-01
Bahrain Economy Grows 1.6% in Q3
Bahrain's gross domestic product expanded 1.58 percent year-on-year in the third quarter of 2019, accelerating from a downwardly revised 0.29 percent growth in the previous three-month period. Output dropped at a much softer pace for mining & quarrying (-0.02 percent vs -0.94 percent in Q2), particularly crude petroleum & natural gas (-0.15 percent vs -0.80 percent) while manufacturing production rebounded (4.08 percent vs -0.48 percent). On the other hand, construction output advanced at a softer pace (1.46 percent vs 3.96 percent). On a quarterly basis, the GDP dipped 0.39 percent, after a revised 3.02 percent gain in the second quarter of 2019.
2020-01-07
Bahrain GDP Growth at Over 1-Year Low
The economy of Bahrain advanced 0.84 percent year-on-year in the second quarter of 2019, slowing from a downwardly revised 2.55 percent increase in the previous period. It was the weakest growth rate since the first quarter of 2018, as output dropped for mining & quarrying (-0.94 percent vs 8.57 percent in Q1), particularly crude petroleum & natural gas (-0.80 percent vs 9.20 percent); other government services (-2.73 percent vs 0.49 percent) and insurance (-0.12 percent vs 1.67 percent). In addition, production slowed for both financial (6.03 percent vs 6.40 percent) and offshore financial institutions (2.16 percent vs 2.57 percent). On the other hand, construction output advanced faster (3.96 percent vs 2.86 percent) while transport & communication production rebounded (3.43 percent vs -0.35 percent). On a quarterly basis, the GDP advanced 3.39 percent, rebounding from an upwardly revised 3.05 percent decrease in the first quarter of the year.
2019-10-07
Bahrain Economy Grows 2.7% in Q1
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.
2019-06-13

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).