Current Account in Bahrain
Bahrain - Current Account
Annual GDP growth has likely remained solid so far this year. The non-oil sector should be spearheading growth in H1: Tourism numbers will have picked up thanks to large events drawing international interest. The scrapping of all remaining Covid-19 restrictions halfway through February is expected to have provided further support. Meanwhile, dynamics in the oil sector should be providing further impetus to economic growth. Since the outbreak of the war in Ukraine, oil prices have climbed up and averaged above the country’s fiscal breakeven price through May, boding well for investment and the government’s fiscal consolidation plan. Meanwhile, in late May, the IMF concluded its Article IV mission in the country, and praised the government’s policy response to the pandemic. The Fund also encouraged the kingdom to devote the unexpected oil windfall to structural reforms.
Bahrain - Current Account Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Current Account (% of GDP) | -2.4 | -4.6 | -4.1 | -6.4 | -2.1 |
Bahrain Current Account Chart
Source: Central Bank of Bahrain.
Bahrain Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 0.38 | 0.03 % | Jan 01 |
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