Current Account in Bahrain

Bahrain Current Account | Economic News & Forecasts

Bahrain - Current Account

The non-oil sector, powered by a surge in iron ore exports, should have supported the economy in the first quarter of the year. Moreover, private sector credit growth was solid in the quarter in year-on-year terms, boding well for investment and private consumption, while foreign reserves rose notably through March, likely underpinned by a USD 10 billion financial aid package previously agreed on last year with fellow GCC members. This comes after growth accelerated in Q4 2018, led by a resurgence in mining and quarrying output. In other news, government officials signed 12 business agreements with a number of French companies in late April. The deals, which amount to USD 2 billion across a variety of industrial sectors, will enhance economic ties between the two countries.

Bahrain - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)7.4  4.6  -2.4  -4.6  -3.9  

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Bahrain Current Account Chart

Bahrain Current Account
Note: Current account balance as % of GDP.
Source: Central Bank of Bahrain.

Bahrain Facts

Exchange Rate0.380.03 %May 13
Stock Market1,4160.04 %May 13

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