Bahrain expected to record 2.1% GDP growth in 2020. The economy of Bahrain is thriving and primed for your business to reap the rewards. The regional and global contexts for growth have generally improved in recent months. Global Economic Prospects examines trends for the world economy and how they affect developing countries. Facebook Share Twitter Tweet Share Share. Our forward-thinking government works closely with businesses to enhance the business-friendly environment through policy reform. ¡ During 2018, the Bahraini economy expanded by an estimated 1.8%. A final version of Bahrain's budget shows that non-oil revenues and government expenditures will fall below previous forecasts Earlier in May, Bahrain revised its budget, indicating that it may take longer than expected to balance the country’s budget. Invest in Bahrain.
Setting up a company in Bahrain / Document library; Bahrain Economic Quarterly. BAHRAIN ECONOMIC REPORT | 2019 BAHRAIN The Information and eGovernment Authority published its Q4 2019 preliminary national accounts for the Kingdom of Bahrain, which recorded a YoY real GDP growth in 2019 of 1.8% and 2.4% in nominal terms.
The research firm’s GCC Economic Update Report for December has projected the kingdom’s nominal GDP at $39.3bln for next year . Inflation is estimated to pick up in 2019 to 3.3% given the introduction of VAT in January 2019. Bahrain will need to pursue energy subsidy reform and control large off-budget expenditures, while pursuing its diversification strategy. The report includes country-specific three-year forecasts for major macroeconomic indicators, including commodity and financial markets.
By Staff Writer, Gulf Daily News. Economic forecast and performance indicators identifying Bahrain’s key strengths through metrics. Image used for illustrative purpose. Gettyimages. economy | 29 December, 2019. Download PDF. Global Economic Prospects. Bahrain to fall short of economic reform goals in 2019, 2020. FocusEconomics analysts project the economy to contract 2.4% in 2020, which is down 2.7 percentage points from last … Bahrain's Economic Update — October 2019 Overall growth is estimated to remain at 1.8% in 2019, and non-oil growth to slow to 2.2%, from 2.5% in 2018, driven by the planned fiscal consolidation measures under the Fiscal Balance Program (FBP), including the VAT. GDP Growth Rate in Bahrain averaged 0.79 percent from 2008 until 2019, reaching an all time high of 8.62 percent in the fourth quarter of 2010 and a record low of -6.54 percent in the first quarter of 2011. Bahrain Economic Growth The economy will contract this year, hampered by the spread of the Covid-19 pandemic, the associated containment measures, low oil prices and regional geopolitical instability. The World Bank has forecast Bahrain’s economy to grow by 2.6 percent in 2019, driven by higher oil production, a raft of mega projects (e.g., a scheduled capacity enlargement at Aluminum Bahrain, Alba), may raise aluminum production capacity by over 50 percent), and continued regional support. From The Report: Bahrain 2019 Bahrain is among the smaller economies in the GCC, but it is also one of the more diversified, with well-developed financial services and manufacturing sectors. Growth will pick up in …