The IMF expects a 3.2% growth in Bahrain’s gross product in 2025

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The International Monetary Fund expected Bahrain’s GDP growth in 2025 to reach 3.2%, an increase of 0.2% over last year, in its report on regional economic prospects issued in October, which expected an average acceleration in growth in the Middle East and North region. Africa to reach 4% this year.

The Fund said in its report published on its website yesterday: “Growth is expected to increase in the Middle East and Central Asia, but at a lower rate than expected in October, adding that Bahrain is facing a structural decline in oil revenues. However, efforts to enhance revenue flows are still continuing.” “Which is expected to help narrow the gap in non-oil primary deficits, pointing to Bahrain’s adoption of value added and the introduction of a corporate income tax.”

The report noted Bahrain’s efforts within the Gulf Cooperation Council countries regarding the remarkable growth in non-oil sectors, even if it remains partially dependent on oil-related activities, saying: “The financial services, manufacturing industry, trade, and tourism sectors made significant contributions to non-oil growth.”

He explained in a graph of foreign direct investment and net inflows in percentage during the period from 2015-2019 and 2020-2023 that it witnessed an increase in Bahrain by approximately 4% in the second period, compared to 3% during the first period, and another graph also showed the capital ratio. to employment and real GDP per capita for the year 2023, as Bahrain surpassed both the Kingdom of Saudi Arabia and Kuwait, and the financial development index for Bahrain also rose. Compared to per capita GDP.