Bahrain's GDP changed from approximately $3B 593M in 1980 to $46B 790M in 2024, showing an overall 1202.3% sharply increased during the period.
The lowest GDP was recorded in 1986 at $3B 347M, and the highest in 2024 at $46B 790M.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 6.0%.
For comparison, the average annual growth rate of Qatar was 8.5%, and that of Saudi Arabia was 4.4%.
Bahrain GDP from 1980 to 2024
The total market value of goods and services produced annually in Bahrain.
Overview of Bahrain's GDP (1980–2024)
The Gross Domestic Product (GDP) of Bahrain recorded a 1202.3% sharply increased from 1980 to 2024.
The average GDP during this period was $17B 734M, and the median was $9B 594M.
GDP fluctuated within a range of $43B 443M, with a standard deviation of $14B 249M.
The average annual change was $1B 26M.
Highest and Lowest GDP Records
- Lowest GDP: 1986, $3B 347M
- Highest GDP: 2024, $46B 790M
- Most Recent GDP: 2024, $46B 790M
Notable Annual GDP Changes
- 2022: Significant increase in GDP
- 2020: Noticeable drop in GDP
Overall pattern: overall increase with some decline
Global Economic Events and Bahrain's GDP
COVID-19 Pandemic (2020)
- Period: From 2019 to 2020
- GDP Change: $38B 654M → $34B 622M
- Outcome: sharply declined
2008 Global Financial Crisis
- Period: From 2007 to 2009
- GDP Change: $21B 730M → $22B 938M
- Outcome: increased
2001 Dot-com Bubble Burst
- Period: From 2000 to 2001
- GDP Change: $9B 63M → $9B 189M
- Outcome: increased
1998 Asian Financial Crisis
- Period: From 1997 to 1998
- GDP Change: $7B 318M → $6B 996M
- Outcome: declined
Key Economic Indicators of Bahrain (1980–2024)
| year | GDP Growth | Nominal GDP | PPP GDP | GDP per Capita | PPP per Capita | Savings | Population | Current Account | Fiscal Balance |
|---|---|---|---|---|---|---|---|---|---|
1980 | 7.494 % | $ 3B 593M | $ 7B 326M | $ 10,189.61 | $ 20,779.53 | 31.52 % | 353,000 people | 5.131 % | 0 % |
1981 | 2.777 % | $ 4B 56M | $ 8B 242M | $ 11,061.39 | $ 22,479.72 | 37 % | 367,000 people | 10.591 % | 0 % |
1982 | 6.406 % | $ 4B 264M | $ 9B 312M | $ 11,221.70 | $ 24,508.46 | 39.84 % | 380,000 people | 9.981 % | 0 % |
1983 | 6.994 % | $ 4B 368M | $ 10B 354M | $ 11,117.66 | $ 26,351 | 30.52 % | 393,000 people | 2.35 % | 0 % |
1984 | 4.186 % | $ 4B 534M | $ 11B 176M | $ 11,163.44 | $ 27,517.78 | 38.12 % | 406,000 people | 4.816 % | 0 % |
1985 | -0.93 % | $ 4B 277M | $ 11B 423M | $ 10,182.37 | $ 27,187.36 | 26.23 % | 420,000 people | 0.908 % | 0 % |
1986 | 0.484 % | $ 3B 347M | $ 11B 709M | $ 7,695.81 | $ 26,919.20 | 6 % | 435,000 people | -2.058 % | 0 % |
1987 | -1.222 % | $ 3B 626M | $ 11B 852M | $ 8,049.36 | $ 26,310.42 | 14.90 % | 450,000 people | -5.552 % | 0 % |
1988 | 5.952 % | $ 4B 481M | $ 13B 1M | $ 9,602.79 | $ 27,857.63 | 12.67 % | 467,000 people | 4.285 % | 0 % |
1989 | 1.013 % | $ 4B 675M | $ 13B 647M | $ 9,668.04 | $ 28,226.03 | 15.47 % | 484,000 people | -4.131 % | 0 % |
1990 | 3.503 % | $ 4B 965M | $ 14B 654M | $ 10,179.63 | $ 30,046.36 | 21.40 % | 488,000 people | 1.407 % | -6.128 % |
1991 | 2.286 % | $ 5B 209M | $ 15B 496M | $ 10,252.36 | $ 30,501.98 | 20.13 % | 508,000 people | -11.564 % | -3.186 % |
1992 | 7.123 % | $ 5B 442M | $ 16B 978M | $ 10,536.82 | $ 32,874.36 | 18.43 % | 516,000 people | -15.189 % | -5.024 % |
1993 | 7.604 % | $ 5B 986M | $ 18B 702M | $ 11,290.27 | $ 35,272.16 | 17.75 % | 530,000 people | -5.645 % | -2.177 % |
1994 | 3.212 % | $ 6B 411M | $ 19B 715M | $ 11,777.07 | $ 36,216.78 | 19.92 % | 544,000 people | -3.977 % | -4.684 % |
1995 | 1.923 % | $ 6B 787M | $ 20B 515M | $ 12,143.09 | $ 36,708.28 | 26.22 % | 559,000 people | 3.499 % | -3.355 % |
1996 | 3.25 % | $ 7B 57M | $ 21B 570M | $ 12,298.65 | $ 37,592.05 | 26.83 % | 574,000 people | 3.69 % | 1.002 % |
1997 | 2.348 % | $ 7B 318M | $ 22B 457M | $ 12,422.12 | $ 38,120.01 | 25.52 % | 589,000 people | -0.424 % | -5.877 % |
1998 | 4.849 % | $ 6B 996M | $ 23B 811M | $ 11,565.97 | $ 39,366.82 | 13.93 % | 605,000 people | -11.128 % | -4.809 % |
1999 | 5.972 % | $ 7B 582M | $ 25B 590M | $ 12,210.22 | $ 41,208.18 | 14.87 % | 621,000 people | -0.295 % | -3.989 % |