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%.
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.
Bahrain GDP from 1980 to 2024
The total market value of goods and services produced annually in Bahrain.
Data Source: International Monetary Fund
Image Source: Freepik from www.flaticon.com
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 | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
1980 | $ 3B 593M | $ 10,189.61 | $ 20,779.53 | $ 7B 326M | 7.494 % | 5.131 % | 31.52 % | 0 % | 353,000 people |
1981 | $ 4B 56M | $ 11,061.39 | $ 22,479.72 | $ 8B 242M | 2.777 % | 10.591 % | 37 % | 0 % | 367,000 people |
1982 | $ 4B 264M | $ 11,221.70 | $ 24,508.46 | $ 9B 312M | 6.406 % | 9.981 % | 39.84 % | 0 % | 380,000 people |
1983 | $ 4B 368M | $ 11,117.66 | $ 26,351 | $ 10B 354M | 6.994 % | 2.35 % | 30.52 % | 0 % | 393,000 people |
1984 | $ 4B 534M | $ 11,163.44 | $ 27,517.78 | $ 11B 176M | 4.186 % | 4.816 % | 38.12 % | 0 % | 406,000 people |
1985 | $ 4B 277M | $ 10,182.37 | $ 27,187.36 | $ 11B 423M | -0.93 % | 0.908 % | 26.23 % | 0 % | 420,000 people |
1986 | $ 3B 347M | $ 7,695.81 | $ 26,919.20 | $ 11B 709M | 0.484 % | -2.058 % | 6 % | 0 % | 435,000 people |
1987 | $ 3B 626M | $ 8,049.36 | $ 26,310.42 | $ 11B 852M | -1.222 % | -5.552 % | 14.90 % | 0 % | 450,000 people |
1988 | $ 4B 481M | $ 9,602.79 | $ 27,857.63 | $ 13B 1M | 5.952 % | 4.285 % | 12.67 % | 0 % | 467,000 people |
1989 | $ 4B 675M | $ 9,668.04 | $ 28,226.03 | $ 13B 647M | 1.013 % | -4.131 % | 15.47 % | 0 % | 484,000 people |
1990 | $ 4B 965M | $ 10,179.63 | $ 30,046.36 | $ 14B 654M | 3.503 % | 1.407 % | 21.40 % | -6.128 % | 488,000 people |
1991 | $ 5B 209M | $ 10,252.36 | $ 30,501.98 | $ 15B 496M | 2.286 % | -11.564 % | 20.13 % | -3.186 % | 508,000 people |
1992 | $ 5B 442M | $ 10,536.82 | $ 32,874.36 | $ 16B 978M | 7.123 % | -15.189 % | 18.43 % | -5.024 % | 516,000 people |
1993 | $ 5B 986M | $ 11,290.27 | $ 35,272.16 | $ 18B 702M | 7.604 % | -5.645 % | 17.75 % | -2.177 % | 530,000 people |
1994 | $ 6B 411M | $ 11,777.07 | $ 36,216.78 | $ 19B 715M | 3.212 % | -3.977 % | 19.92 % | -4.684 % | 544,000 people |
1995 | $ 6B 787M | $ 12,143.09 | $ 36,708.28 | $ 20B 515M | 1.923 % | 3.499 % | 26.22 % | -3.355 % | 559,000 people |
1996 | $ 7B 57M | $ 12,298.65 | $ 37,592.05 | $ 21B 570M | 3.25 % | 3.69 % | 26.83 % | 1.002 % | 574,000 people |
1997 | $ 7B 318M | $ 12,422.12 | $ 38,120.01 | $ 22B 457M | 2.348 % | -0.424 % | 25.52 % | -5.877 % | 589,000 people |
1998 | $ 6B 996M | $ 11,565.97 | $ 39,366.82 | $ 23B 811M | 4.849 % | -11.128 % | 13.93 % | -4.809 % | 605,000 people |
1999 | $ 7B 582M | $ 12,210.22 | $ 41,208.18 | $ 25B 590M | 5.972 % | -0.295 % | 14.87 % | -3.989 % | 621,000 people |
