Fiscal Balance in Bahrain
Bahrain - Fiscal BalanceThe economy expanded 2.1% year-on-year in Q3, slowing from Q2’s 5.5% increase. The non-oil sector grew 3.8% in the quarter, aided by a strong expansion in the transportation and communication sector—one of the hardest-hit by the pandemic—as well as increased agricultural and fishing activity. However, the annual slowdown was partly due to a less favorable base effect and the oil sector still dragging on overall growth, declining 4.6% in the quarter. Moreover, underlying momentum slowed slightly in the period, with GDP dropping 0.1% in quarter-on-quarter terms. Turning to the final quarter of 2021, activity should have continued to improve, albeit at a softer pace. That said, daily infection rates started to increase sharply in mid-December, which could prompt new restrictions ahead—despite the country’s speedy vaccine rollout—potentially dragging on activity moving into the new year.
Bahrain - Fiscal Balance Data
|Fiscal Balance (% of GDP)||-13.0||-13.6||-10.0||-6.3||-4.7|
5 years of economic forecasts for more than 30 economic indicators.
Bahrain Fiscal Balance Chart
Source: Central Bank of Bahrain.
|Exchange Rate||0.38||0.03 %||Jan 01|
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