Economy

Economy

Bahrain has grown successfully over the past 10 years, due its liberal economic policies, and has a clear roadmap for improving the prosperity of all in society.

The country’s annual real GDP growth ranged between 2.1% and 8.3% over the period, according to the Central Informatics Organisation.

Looking to the future, the Economic Vision 2030 is a roadmap for making Bahrain a more sustainable, competitive and fair economy, with the aim of doubling household income by 2030.

The National Development Strategy is a regularly updated action-plan that will turn the Vision into reality, setting specific milestones in the public and private sectors including education and training, the economy, health and society.

The following sectors have been prioritised for development:

  • Financial Services
  • Professional & Industrial Services
  • Logistics
  • Education and Training
  • Manufacturing (Aluminium, Food & Beverage, Chemicals & Plastics)
  • ICT

Furthermore, Tamkeen, Bahrain’s national labour fund, is investing in improving Bahrainis’ skills through training programmes, further enhancing both our competitiveness and the prosperity of local people.

Bahrain Economic Fact Box:

​Indictor ​Value ​Forecast
GDP at current market prices (2014) BD 23,735 million ​N/A
GDP at 2010 constant prices (2014) BD 11,257 million N/A
​Real GDP growth (2014, YoY) 4.5% 2015: 3.6% 
2016: 3.2%
​Inflation CPI (2006 = 100), annual change (February 2015) ​2.1% N/A
​Population 1,234,571 (2010) N/A
​Total Employment (December 2014) 687,147 N/A
          ​- Bahraini 22.8% ​N/A
​          - Non-Bahraini 77.2% ​N/A
​Unemployment rate (Bahraini, December 2014) ​3.8% ​N/A
​Public sector debt (% of GDP, 2013) ​43.5% ​N/A
​Current account (% of GDP, 2013) ​7.8% ​N/A