Fiscal Balance in Bahrain

Bahrain Fiscal Balance | Economic News & Forecasts

Bahrain - Fiscal Balance

Economic growth likely slowed in the first half of this year, dragged on by the government’s fiscal consolidation efforts, which helped to reduce the fiscal deficit by nearly 38% in Bahraini dollar terms, and the introduction of a 5% VAT in January which will have weighed on private consumption growth. Moreover, as Bahrain complies with the OPEC+ agreement, oil production was likely stable, although output rebounded in annual terms in Q1 due to maintenance work at the offshore Abu Sa’afah field which had limited production in Q1 2018. More positively, merchandise exports increased at a strong year-on-year pace in H1. Moreover, turning to the third quarter, merchandise exports continued to grow robustly in July; however, lower oil prices bodes poorly for both exports and public finances.

Bahrain - Fiscal Balance Data

2013  2014  2015  2016  2017  
Fiscal Balance (% of GDP)-3.3  -3.6  -13.0  -13.4  -10.1  

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Bahrain Fiscal Balance Chart


Bahrain Fiscal
Note: Fiscal balance as % of GDP.
Source: Central Bank of Bahrain.

Bahrain Facts

ValueChangeDate
Exchange Rate0.380.03 %Sep 04
Stock Market1,5420.04 %Sep 04

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