Source: world bank Nominal/PPP
Summary:
Bahrain GDP Per Capita expanded from 1970 to 2024, increasing from $0.39 to $47.11 .The compound annual growth rate (CAGR) averaged 9.28% over the period. The economy recorded its peak level in 2024 and its lowest level in 1970. Growth volatility remained high. The maximum drawdown reached 21.85%, indicating the largest cyclical decline from peak levels. The country experienced 7 recession episode(s) during the observed period.
Bahrain Economic Phases (1970 - 2024)
From 1970 to 2024, Bahrain economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- High Growth (1971–1982) indicating robust economic expansion
- Expansion (1983–1984) indicating steady moderate growth
- High Growth (1987–1988) indicating robust economic expansion
- High Growth (1990–1991) indicating robust economic expansion
- High Growth (1993–1995) indicating robust economic expansion
- Expansion (1996–1997) indicating steady moderate growth
- High Growth (1999–2000) indicating robust economic expansion
- High Growth (2002–2008) indicating robust economic expansion
- High Growth (2010–2013) indicating robust economic expansion
- High Growth (2017–2018) indicating robust economic expansion
- High Growth (2021–2022) indicating robust economic expansion
- Expansion (2024–2024) indicating steady moderate growth
The most remarkable growth occurred in 1976 with an increase of 43.909%, while the largest decline was in 1986 at -16.415%.