Bahrain's gross domestic product shrank by 5.51 percent year-on-year in the fourth quarter of 2020, following a 6.91 percent contraction in the previous three-month period. This was the fifth straight quarter of contraction, amid the pandemic crisis. Output contracted for transport & communication (-30.78% vs -41.43% in Q3); hotels & restaurants (-42.22% vs -36.61%); manufacturing (-9.12% vs -6.90% ); construction (-2.14% vs 0.24%); agriculture & fishing (-1.57% vs -0.69%); mining & quarrying (-8.08% vs -3.26%), namely crude petroleum & natural gas (-8.62% vs -3.36%), while advanced for electricity & water (29.12% vs 29.44%). Meantime, output grew for both government services (12.68% vs -0.41% and financial services (11.04% vs -1.01%). On a quarterly basis, the GDP edged up 0.1 percent, after growing 1.4 percent in the preceding quarter. Considering 2020 full year, the economy contracted by 5.81 percent over a year ago. source: Central Informatics Organisation - Kingdom of Bahrain
GDP Annual Growth Rate in Bahrain averaged 3.12 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 June of 2021.
GDP Annual Growth Rate in Bahrain is expected to be 2.40 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 2.50 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.