“Warranty”: 3.2% Bahraini product growth rate in 2025

Zahra Habib

The Arab Corporation for Investment and Export Credit Credit “Warranty” revealed in its quarterly publication about the growth of the Arab GDP of 2024 by 1.8%, exceeding 3.5 trillion dollars, expecting a growth of 4.1% in 2025, to exceed 3.6 trillion dollars, and at the level of Bahrain, it achieved a growth of 3% with expectations of a growth of 3.2 in 2025.

The Arab Corporation for Investment and Export Credit has issued a “guarantee” published by the fourth quarterly entitled “Investment Guarantee” for the year 2024, which includes a comprehensive analysis of the performance of the Arab economy and its expectations for the year 2025.

The report stated that the per capita GDP in Bahrain amounted to 29.6 thousand dollars in 2024, with expectations that it will reach 29.9 thousand dollars this year 2025. Bahrain also achieved a development in the total investment of 2024, which amounted to 15.3 billion dollars, with expectations that it will reach 15.9 billion dollars in 2025, which indicates an increase in investment rates as a percentage of GDP.

In general, the report confirmed the growth of the Arab GDP of 2024 by 1.8%, exceeding $ 3.5 trillion. The Foundation expects a growth of 4.1% in 2025, to exceed 3.6 trillion dollars, driven by expected growth in 14 Arab countries, especially in 9 oil economies that contribute more than 78% of the output. The average per capita output in the Arab countries for 2024 increased by 1.2%, to $ 7557. It is expected to rise by 1% in 2025, recording $ 7602.

He pointed out that the countries of the Gulf Cooperation Council still top the list as the best Arab economies at the level of individual income according to the purchasing power, and Qatar came in the first place in the Arab world and the sixth globally with more than 115 thousand dollars per person, followed by the UAE with 77 thousand dollars, Bahrain in the third place in the Gulf with 65 thousand and Saudi Arabia followed with 63 thousand dollars, Kuwait 50 thousand dollars, and Oman 41 thousand dollars per person.

The UAE ranked third in the Arab world in the growth rate of domestic product at a rate of 4%and Algeria fifth by 3.8%, and Bahrain in the sixth place in the Arab world with 3.0, then Libya, Qatar, Saudi Arabia, and the Sultanate of Oman, Iraq, came in centers between 9 to 16 at growth rates ranging between 2.4 and 0.1%.

The report expected the population growth in the Arab region by 2% at the end of the year 2025 to exceed 475 million people, with expectations that Bahrain would record 1.7 million people in 2025, after it was 1.6 million people in 2023 and 2024. The value of Arab foreign trade in goods and services for 2024 increased by 3.6%, exceeding 3.3 trillion dollars, with exports increasing by 1%and imports by more than 7%. The trade balance surplus fell 33%, recording $ 177 billion. With regard to foreign currency reserves for 2024, it has grown by 3.7%, to about $ 1.2 trillion, enough to cover the imports of goods and services for more than 8 months.