Highlights from The Report: Bahrain 2023
Bahrain | Economy
Fiscal sustainability measures are bearing fruit, with the kingdom posting its largest current account surplus in decades in 2022, at 15.4% of GDP, resulting from a 52% increase in government revenue. The country’s aim to become an international logistics centre is being supported by a number of major infrastructure projects, including a new causeway linking Bahrain and Saudi Arabia. Additionally, a new guide for public-private partnerships is reducing strain on the national budget while tapping into the agility and expertise of the private sector. A focus on renewable energy sources, training and tourism are further guiding Bahrain’s efforts to strengthen its human resources and ensure economic growth is inclusive and broad-based.
For more information and in-depth analysis from our on-the-ground experts, key government leaders and business executives, read The Report: Bahrain 2023, recently launched and now available via the OBG Research Terminal.