Bahrain’s financial system has expanded greater than fivefold over the previous 20 years, rising from roughly $9bn in 2000 to over $47bn by the top of 2024, in accordance with the Ministry of Finance and Nationwide Economic system.
“Bahrain’s sustained financial progress over the previous 20 years stands as a key nationwide achievement throughout the kingdom’s broader improvement journey,” mentioned Maryam Al Ansari, Undersecretary for Nationwide Economic system on the ministry.
The expansion has been distributed throughout productive and repair sectors, with official figures reflecting regular progress all through the financial system.
Al Ansari highlighted that the growth has translated into tangible enhancements in dwelling requirements, with common month-to-month wages for Bahraini residents in each private and non-private sectors almost doubling between 2005 and 2024.
“This underscores the impression of insurance policies centered on empowering Bahrainis, enhancing their competitiveness, and prioritising them in employment and entrepreneurship,” she mentioned.
Al Ansari added that continued cooperation between the private and non-private sectors would strengthen the nationwide financial system on sustainable foundations, stimulate financial exercise and translate progress into greater wages and wider improvement alternatives.
