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.