International Reserves in Bahrain

Bahrain International Reserves | Economic News & Forecasts

Bahrain - International Reserves

After the 1.1% contraction in the first quarter led by a drop in the non-oil sector, the economy is set to have declined sharply in Q2, hampered by the restrictions implemented to contain the pandemic. Q2’s lockdown measures dented an economy already hurt by low oil prices due to falling global demand. Turning to Q3, activity should be recovering following the easing of restrictions. Less positively, on the fiscal front, government debt is on the rise amid a large budget deficit, which could further limit the government’s ability to support a recovery ahead. Consequently, Fitch downgraded the country’s credit rating to B+ from BB- in August. Meanwhile, following the agreement made between the UAE and Israel on 13 August, it is believed that Bahrain could follow the same steps to normalize relations with Israel, which could translate into improved trade relations.

Bahrain - International Reserves Data

2015   2016   2017   2018   2019  
International Reserves (USD)3.1  2.2  2.3  1.9  3.4  

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Bahrain Facts

Value Change Date
Exchange Rate0.380.03 %Jan 01

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