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.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
Bahrain GDP Annual Growth Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-09-27 06:00 AM Q2 7% 5.5%
2022-12-27 12:15 AM Q3 4.2% 6.9% 5.1%
2023-04-03 06:00 AM Q4 4.2% 2.5%


Related Last Previous Unit Reference
GDP Annual Growth Rate 4.20 6.90 percent Sep 2022

Bahrain GDP Annual Growth Rate
In Bahrain, Gross Domestic Product is divided by two industries: Goods Producing and Services Producing. Goods Producing Industry constitutes around 41.8 percent of the GDP and the largest segments within this sector are manufacturing (18.6 percent); mining (14.5 percent) and construction (8.1 percent). Services Producing Industry accounts for 58.2 percent of total GDP and the biggest segments within services are financial services (17.1 percent); transport & communications (7.1 percent); wholesale & retail trade & repairs (4.5 percent) and real estate (3.8 percent).
Actual Previous Highest Lowest Dates Unit Frequency
4.20 6.90 11.43 -9.49 2000 - 2022 percent Quarterly

News Stream
Bahrain Q3 GDP Growth Weakest in 1 Year
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%.
2022-12-27
Bahrain GDP Growth Highest in 2 Years
The economy of Bahrain expanded 7% year-on-year in the second quarter of 2022, the biggest growth rate since the last quarter of 2010, prompted by a 9.1% surge in the non-oil sector while the oil sector sank 2.2% due to lower production. Hotels and restaurants led the growth (18.1%), reflecting a significant recovery in the tourism sector; transportation and telecommunications were up 15.1%, manufacturing 7.6%, trade 7.5%, educational services 6.8%, and real estate and business services 4.5%. Compared to the previous quarter, the economy went up 5%.
2022-09-28
Bahrain Economy Gains Steam in Q1
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.
2022-06-20