Bahrain’s economy expands fivefold in two decades as citizen incomes double

Bahrain’s economy has expanded more than fivefold over the past two decades, growing from approximately $9bn in 2000 to over $47bn by the end of 2024, according to the Ministry of Finance and National Economy.

“Bahrain’s sustained economic growth over the past two decades stands as a key national achievement within the kingdom’s broader development journey,” said Maryam Al Ansari, Undersecretary for National Economy at the ministry.

The growth has been distributed across productive and service sectors, with official figures reflecting steady progress throughout the economy.

Al Ansari highlighted that the expansion has translated into tangible improvements in living standards, with average monthly wages for Bahraini citizens in both public and private sectors nearly doubling between 2005 and 2024.

“This underscores the impact of policies focused on empowering Bahrainis, enhancing their competitiveness, and prioritising them in employment and entrepreneurship,” she said.

Al Ansari added that continued cooperation between the public and private sectors would strengthen the national economy on sustainable foundations, stimulate economic activity and translate growth into higher wages and wider development opportunities.