Bahrain/Economy

Economy of Bahrain

An overview of key economic indicators. Select a category for detailed trends, charts, and insights.

Explore Economic Domains

Growth & Output

Coming Soon
GDP (USD)
$46.1B(2023)
GDP PPP (USD)
$100.1B(2023)
GDP per Capita (USD)
$29,219(2023)
GDP Growth (inflation-adjusted)
3%(2023)
Inflation (CPI Annual %)
0.9%(2024)

Trade & Finance

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Exports (as share of GDP)
87.6%(2023)
Imports (as share of GDP)
70.3%(2023)
FDI Inflows (as share of GDP)
14.8%(2023)
Remittance Inflow (USD)
$0.0(2023)
Tax Revenue (as share of GDP)
2.8%(2020)

Labor & Income

Coming Soon
Unemployment Rate
1.1%(2024)
Employment in Services
64.5%(2023)
GNI per Capita (USD)
$28,300(2023)

Energy & Environment

Coming Soon
Energy Use per Capita
0 kg oil eq.(2023)
Renewable Energy Consumption (%)
0%(2021)

Economic Snapshot Overview

A summary of key economic indicators for Bahrain

  • The economic architecture of Bahrain is substantial, anchored by a Gross Domestic Product (GDP) of approximately $46.08B
    2023
    . This places it as the 92nd largest economy out of 191 countries measured, underscoring its significance on the world stage. On a per capita basis, GDP stands at $29.22K
    2023
    , while its GDP in Purchasing Power Parity (PPP) terms is estimated at $100.14B, reflecting the population's domestic purchasing power. The economy demonstrates solid growth, expanding at a rate of 3.0%
    2023
    , accompanied by stable price levels, with inflation (CPI) at 0.9%
    2024
    .
  • On the global stage, the nation's trade and financial dynamics reveal a complex interplay of factors. The country maintains a strong trade surplus, with exports representing 87.6% of GDP and imports 70.3%
    2023
    . Foreign Direct Investment (FDI) inflows are significant, constituting 14.84% of the economy
    2023
    . This performance positions the country 9th globally out of 186 nations, indicating its relative attractiveness to foreign capital. The government faces fiscal constraints, with tax revenue representing only 2.8% of GDP
    2020
    .
  • The socio-economic landscape is characterized by a Gross National Income (GNI) per capita of $28,300
    2023
    . Globally, this ranks the nation 37th out of 190 in terms of GNI per capita, providing a clear measure of its national wealth relative to others. The labor market is robust, with a low unemployment rate of 1.1%
    2024
    . The services sector is a primary driver of the labor market, accounting for 64.5% of total employment
    2023
    .
  • On the environment and energy front,

Key Economic Insights

Macroeconomic Health

Maintaining a balance between growth, inflation, and employment is the central challenge for economic policymakers.

Trade & Investment Profile

A highly open, export-oriented economy that is deeply integrated into global markets and attractive to foreign capital.

Social Equity & Distribution

Distributing the benefits of economic growth equitably is crucial for social cohesion and long-term stability.

Energy & Sustainability

Transitioning to a sustainable energy model is critical for mitigating climate risk and ensuring long-term energy security.

More About This Country

Neighbors & Regional Peers

Note: The information on this page has been compiled from authoritative sources. While every effort is made to ensure accuracy, please note that some figures may not be current or entirely precise.