Current Account in Bahrain

Bahrain Current Account | Economic News & Forecasts

Bahrain - Current Account

Economic growth accelerated in the third quarter, after slowing to a near standstill in Q2, although it remained downbeat by historical standards. A strong expansion in the transport and communication, and manufacturing sectors, which collectively account for around one-fifth of total output, supported Q3’s acceleration. However, oil and gas production, which also accounts for around one-fifth of output, dropped off slightly as Bahrain continued to comply with OPEC+ production cuts. Turning to Q4, the economy likely remained deflated, as suggested by continued compliance with OPEC+ production curbs through November. However, upbeat point-of-sale transactions in October suggest the non-oil private sector will continue to pick up the slack. In other news, the government recently announced a sharp reduction in visa prices, effective from January, in a bid to boost tourism.

Bahrain - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)7.4  4.6  -2.4  -4.6  -3.8  

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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 %Jan 01

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