Bahrain's gross domestic product expanded 1.58 percent year-on-year in the third quarter of 2019, accelerating from a downwardly revised 0.29 percent growth in the previous three-month period. Output dropped at a much softer pace for mining & quarrying (-0.02 percent vs -0.94 percent in Q2), particularly crude petroleum & natural gas (-0.15 percent vs -0.80 percent) while manufacturing production rebounded (4.08 percent vs -0.48 percent). On the other hand, construction output advanced at a softer pace (1.46 percent vs 3.96 percent). On a quarterly basis, the GDP dipped 0.39 percent, after a revised 3.02 percent gain in the second quarter of 2019.
GDP Annual Growth Rate in Bahrain averaged 3.86 percent from 2000 until 2019, reaching an all time high of 11.43 percent in the fourth quarter of 2010 and a record low of -2.86 percent in the fourth quarter of 2011. 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.
GDP Annual Growth Rate in Bahrain is expected to be 1.80 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 2.20 in 12 months time. In the long-term, the Bahrain GDP Annual Growth Rate is projected to trend around 2.50 percent in 2021, according to our econometric models.