GDP in Bahrain
Bahrain - GDPConcerns continue to swirl regarding Bahrain’s vulnerable fiscal and external positions, which in June caused both Fitch Ratings and S&P Global Ratings to downgrade their outlook on the country’s debt to negative. International reserves remain low, putting pressure on the dollar peg, although the situation has been ameliorated somewhat by March’s USD 600 million Eurobond sale. Even though a long-delayed draft budget for 2017/18 was recently approved by the cabinet, it is unlikely to make a significant dent in the fiscal deficit and stop the upward trajectory of the public debt to GDP ratio; oil prices are set to remain below breakeven level going forward, and the government lacks a strong fiscal framework. On the positive side, the banking system remains well-capitalized, and the construction sector is being buoyed by the GCC Development Fund.
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 %||Jul 26|
|Stock Market||1,338||0.23 %||Jul 26|
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