The Bahraini economy advanced 2.4 percent year-on-year in the second quarter of 2018, after a 1.2 percent drop in the previous quarter which was the first contraction of the Bahraini economy since the last quarter of 2011. Output rebounded for mining & quarrying (0.8% from -14.7% in Q1) and financial services (0.1% from -0.1%), while manufacturing (4.5% from 4.2%) and utilities (3.9% from 1.6%) gained steam. In addition, production fell less for transport & communications (-0.2% from -0.4%) and wholesale & retail trade (-0.8% from -2.7%). Contrarily, output rose at a slower pace for construction (6.6% from 6.7%); real estate (3.2% from 3.6%) and business services (2.6% from 4.0%); and contracted further for hotels & restaurants (-9.7% from -9.4%). On a quarterly basis the GDP expanded 6.1 percent, following an upwardly revised 0.8 percent decline in the preceding quarter. GDP Annual Growth Rate in Bahrain averaged 3.99 percent from 2000 until 2018, reaching an all time high of 11.40 percent in the fourth quarter of 2010 and a record low of -2.90 percent in the fourth quarter of 2011.
GDP Annual Growth Rate in Bahrain is expected to be 1.70 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 2.10 in 12 months time. In the long-term, the Bahrain GDP Annual Growth Rate is projected to trend around 2.80 percent in 2020, according to our econometric models.