In 2023, Bahrain's GDP was primarily driven by the services sector, comprising 45.22% of the GDP. The mining, manufacturing, and utilities sector followed, contributing 31.84%. Construction accounted for 7.98%, while transport, storage, and communication sectors made up 7.53%. Wholesale, retail trade, restaurants, and hotels made up 7.09%. The agriculture, hunting, forestry, and fishing sector contributed the least with 0.34%. Over the past couple of years, there has been a noticeable consolidation in the services sector, whereas the industrial and construction sectors have shown moderate growth. The overall CAGR over the last five years indicates a stable growth trajectory across sectors.
Future trends to watch in Bahrain's GDP composition include potential shifts in economic diversification efforts, particularly increases in the non-oil sector's share. Renewable energy investments and technology-driven innovations could alter the percentage distribution, especially within the services and manufacturing industries. Additionally, any global economic changes could influence trade and tourism sectors, further impacting the GDP composition.
Top countries in GDP Composition by Sector
| # | 6 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Services | 45.22 | 2016 | |
| 2 | 2 Mining, Manufacturing, Utilities | 31.84 | 2016 | |
| 3 | 3 Construction | 7.98 | 2016 | |
| 4 | 4 Transport, storage and communication | 7.53 | 2016 | |
| 5 | 5 Wholesale, retail trade, restaurants and hotels | 7.09 | 2016 | |
| 6 | 6 Agriculture, hunting, forestry, fishing | 0.34 | 2016 |
