Current Account in Bahrain
Bahrain - Current AccountThe 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
|Current Account (% of GDP)||7.4||4.6||-2.4||-4.6||-3.9|
5 years of economic forecasts for more than 30 economic indicators.
Bahrain Current Account Chart
Source: Central Bank of Bahrain.
|Exchange Rate||0.38||0.03 %||May 13|
|Stock Market||1,416||0.04 %||May 13|
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