• Bahrain's nominal GDP reached a milestone of 16.2 billion BHD in
2023 with a growth of 2.6% in 2023 which is anticipated to
accelerate to 3.5% in 2024.
• Bahrain achieved solid economic performance in 2023 and the
outlook for 2024 is positive, with growth expected to accelerate
in both the oil and non-oil sectors.
• Bahrain's $30 Billion Economic Recovery Plan (2021) targets
infrastructure investments across both oil and non-oil sectors
with government support expected to significantly contribute to
boosting the country's nominal GDP to 18.4 Billion BHD by 2028.
• Inflation remained low at 1% average in 2023, expected at 1.4% in
2024.
• Real estate activities and construction sectors contributed 13.5%
to Bahrain's GDP in 2023, with 1.3% growth.
• This sector is anticipated to approach 2 Billion BHD by 2028
Government launched Aqari Data Bank platform in 2023, aligned
with National Real Estate Sector Plan (2021-2024).