GDP in Bahrain
Bahrain - GDPBahrain’s economy grew 3.0% last year according to recently released data, on the back of an encouraging performance from the non-oil sector. Growth was underpinned by a surge in infrastructure investment, spearheaded by the GCC Development Fund, which tempered the effects of fiscal consolidation and low oil prices on economic activity. However, despite significant consolidation measures to date, the budget deficit remains cavernous and public debt is rising fast, with oil prices set to remain far below breakeven level for the foreseeable future. In a recent staff visit to the country, the IMF urged the government to get to grips with the issue, suggesting measures to reduce the hefty public sector wage bill, reform subsidies and strengthen the fiscal framework.
Bahrain - GDP Data
|Economic Growth (GDP, annual variation in %)||2.0||3.7||5.4||4.4||2.9|
5 years of economic forecasts for more than 30 economic indicators.
Bahrain GDP Chart
Source: Ministry of Finance and FocusEconomics calculations.
|Exchange Rate||0.38||0.01 %||May 24|
|Stock Market||1,314||0.32 %||May 24|
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