Source: world bank Nominal/PPP
Summary:
Bahrain GDP Per Capita expanded from 1970 to 2017, increasing from $1,741.82 to $24,784.77 .The compound annual growth rate (CAGR) averaged 5.81% over the period. The economy recorded its peak level in 2013 and its lowest level in 1970. Growth volatility remained high. The maximum drawdown reached 27.4%, indicating the largest cyclical decline from peak levels. The country experienced 6 recession episode(s) during the observed period.
Bahrain Economic Phases (1970 - 2017)
From 1970 to 2017, Bahrain economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- High Growth (1971–1974) indicating robust economic expansion
- High Growth (1976–1981) indicating robust economic expansion
- High Growth (1987–1988) indicating robust economic expansion
- High Growth (1990–1991) indicating robust economic expansion
- Expansion (1994–1997) indicating steady moderate growth
- Contraction (2001–2002) indicating temporary slowdown
- High Growth (2003–2008) indicating robust economic expansion
- High Growth (2010–2012) indicating robust economic expansion
- Expansion (2016–2017) indicating steady moderate growth
The most remarkable growth occurred in 1976 with an increase of 36.845%, while the largest decline was in 1986 at -19.399%.