The economy of Bahrain advanced 4.2% year-on-year in the third quarter of 2022, the lowest growth rate since the fourth of 2021, due to softer rises in output of the non-oil sector (4.9% vs 9.0%). Meanwhile, the oil sector grew 1.2%, largely due to the increase in global oil prices. Hotels and restaurants led the growth (14.7%), reflecting a significant recovery in the tourism sector; transportation and telecommunications rose 8.0%, real estate and business services 6.8%. trade 5.9%, manufacturing 5.0%, and government services 4.6%. Considering the first nine months of the year, the economy expanded by 5.5% compared to the same period in 2021, with the non-oil sector having recorded a growth of 7.2% while the oil sector shrank 1.9%. For full 2022, the GDP is expected to grow around 2.9%.Compared to the previous quarter, the economy shrank 2.62%. source: Central Informatics Organisation - Kingdom of Bahrain
GDP Annual Growth Rate in Bahrain averaged 3.17 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 March of 2023.
GDP Annual Growth Rate in Bahrain is expected to be 4.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.