Bahrain's gross domestic product grew by 5.72 percent year-on-year in the second quarter of 2021, rebounding sharply from a 2.11 percent contraction in the previous three-month period. This was the first expansion in the economy since the first quarter 2020, boosted by a 7.78 percent growth in non-oil sector, with transport & communication (47.92%) recording the biggest increase, followed by hotels & restaurants (45.22%), amid the gradual opening of commercial activities and the recovery of traffic in the country. Positive contribution to GDP also came from manufacturing (2.29%); real estate and business services (4.73%), trade (4.17%), health (8.59%), construction (0.22%); electricity & water (2.80%), agriculture & fishing (5.57%). At the same time, output also expanded for both other government services (3.34%) and financial services (9.40%). Meanwhile, the oil sector shrank 2.41 percent. On a quarterly basis, the GDP advanced by 3.51 percent. source: Central Informatics Organisation - Kingdom of Bahrain
GDP Annual Growth Rate in Bahrain averaged 3.08 percent from 2000 until 2021, reaching an all time high of 11.43 percent in the fourth quarter of 2010 and a record low of -9.49 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 December of 2021.
GDP Annual Growth Rate in Bahrain is expected to be 3.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Bahrain GDP Annual Growth Rate is projected to trend around 2.50 percent in 2022, according to our econometric models.