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Bahrain's economy in numbers:
Nominal GDP of USD 46.0 billion in 2023.
Nominal GDP of USD 44.3 billion in 2022.
GDP per capita of USD 28,698 compared to the global average of USD 10,589.
GDP per capita of USD 29,068 compared to the global average of USD 10,589.
Average real GDP growth of 2.9% over the last decade.
Average real GDP growth of 2.8% over the last decade.
Economic structure:
In 2021, services accounted for 55% of overall GDP, manufacturing 20%, other industrial activity 25%, and agriculture 0%. Looking at GDP by expenditure, private consumption accounted for 42% of GDP in 2020, government consumption 17%, fixed investment 35%, and net exports 6%.International trade:
In 2019, manufactured products made up 27% of total merchandise exports, mineral fuels 42%, food 4%, ores and metals 24% and agricultural raw materials 0%, with other categories accounting for 3% of the total. In the same period, manufactured products made up 46% of total merchandise imports, mineral fuels 30%, food 10%, ores and metals 13% and agricultural raw materials 1%, with other goods accounting for 0% of the total. Total exports were worth USD 30 billion in 2022, while total imports were USD 22 billion.Economic growth:
The economy recorded average annual growth of 2.8% in the decade to 2022. To read more about GDP growth in Bahrain, go to our dedicated page.
Fiscal policy:
Bahrain's fiscal deficit averaged 11.3% of GDP in the decade to 2022. Find out more on our dedicated page.
Unemployment:
The unemployment rate averaged 4.5% in the decade to 2022. For more information on Bahrain's unemployment click here.
Inflation:
Inflation averaged 1.7% in the decade to 2022. Go to our Bahrain inflation page for extra insight.
Monetary Policy:
Bahrain's monetary policy rate ended 2022 at 5.25%, up from 0.50% a decade earlier. See our Bahrain monetary policy page for additional details.
Exchange Rate:
From end-2012 to end-2022 the dinar stayed on the same level vs the U.S. dollar. For more info on the dinar, click here.
42 indicators covered including both annual and quarterly frequencies.
Consensus Forecasts based on a panel of 17 expert analysts.
Want to get insight on the economic outlook for Bahrain in the coming years? FocusEconomics collects projections out to 2034 on 42 economic indicators for Bahrain from a panel of 17 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts, and averaged to provide one Consensus Forecast you can rely on for each indicator. This means you avoid the risk of relying on out of date, biased or outlier forecasts. Our Consensus Forecasts can be visualized in whichever way best suits your needs, including via interactive online dashboards , direct data delivery and executive-style reports which combine analysts' projections with timely written analysis from our in-house team of economists on the latest developments in the Bahrain economy. To download a sample report on the Bahrain's economy, click here. To get in touch with our team for more information, fill in the form at the bottom of this page.