Bahrain’s gross domestic product expanded by 5.50% from a year ago in the first quarter of 2022, accelerating from a 4.29% growth in the previous period. This was the fourth consecutive quarter of expansion in the economy, driven by a solid rise in the non-oil sector (7.80% vs 4.21% in Q4), helped by the scrapping of all Covid-19 restrictions in mid-February. Notable growth was observed primarily in hotels & restaurants (26.57% vs 31.66%); financial institutions (24.55% vs 11.15%); transport & communication (15.77% vs 11.54%) and utilities (12.25% vs 9.59%) and manufacturing (5.34% vs 1.80%). Meanwhile, the oil sector shrank 4.74%, after declining 4.78% in the previous period. On a quarterly basis, the GDP grew by 0.48%, slowing from a 1.50% rise in the previous quarter. source: Central Informatics Organisation - Kingdom of Bahrain
GDP Annual Growth Rate in Bahrain averaged 3.11 percent from 2000 until 2022, 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 August of 2022.
GDP Annual Growth Rate in Bahrain is expected to be 2.00 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 2023, according to our econometric models.