The economy of Bahrain advanced 4.6% year-on-year in the fourth quarter of 2018, following a downwardly revised 1.4% growth in the previous period. Output rebounded for mining & quarrying (11.1% from -1.4% in Q3), particularly crude petroleum & natural gas (11.3% from -1.5%); transport & communication (0.3% from -1.9%) and for hotels & restaurants (6.1% from -1.4%) while production rose faster for financial corporations (2.7% from 0.8%) and for government services (6.7% from 6.6%). Contrarily, output rose at a slower pace for manufacturing (0.8% from 1.2%); real estate & business activity (1.5% from 2.9%) and for social & personal services (1.7% from 3.1%). On a quarterly basis, the GDP expanded 1.2% compared to a 1.4% contraction in the third quarter of the year. In 2018, the economy expanded 1.8%, compared to a 3.8% growth in 2017. GDP Annual Growth Rate in Bahrain averaged 3.98 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 2.50 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 2.00 in 12 months time. In the long-term, the Bahrain GDP Annual Growth Rate is projected to trend around 3.50 percent in 2020, according to our econometric models.