International Reserves in Bahrain
Bahrain - International ReservesEconomic 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 - International Reserves Data
|International Reserves (USD)||5.0||5.7||3.1||2.2||2.3|
5 years of economic forecasts for more than 30 economic indicators.
|Exchange Rate||0.38||0.03 %||Jan 01|
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