Current Account in Bahrain

Bahrain Current Account | Economic News & Forecasts

Bahrain - Current Account

Economic growth moderated in the third quarter, due to a contraction in the mining and quarrying sector and softer manufacturing growth. However, higher oil prices cushioned the slowdown. Looking at the fourth quarter, the large fall in oil prices likely depressed the mining and quarrying sector and dragged on the economy’s performance. Encouragingly, the recently secured financial aid package from the Gulf Cooperation Council motivated Moody’s to upgrade Bahrain’s credit rating outlook from negative to stable in December. Also, in December, Sheikh Salman bin Khalifa Al Khalifa was appointed as the new finance minister following parliamentary elections. Moreover, the value-added tax introduced on 1 January will help narrow the fiscal deficit.

Bahrain - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)7.4  4.6  -2.4  -4.6  -3.9  

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Bahrain Current Account Chart

Bahrain Current Account
Note: Current account balance as % of GDP.
Source: Central Bank of Bahrain.

Bahrain Facts

Exchange Rate0.380.03 %Jan 30
Stock Market1,3920.04 %Jan 30

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