Page 5 - index
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MONDAY, MAY 19, 2025
05
B Baahhrraaiinn RReeccoorrddss
S Sttrroonngg GGrroowwtthh
Qatar trade surges 255 percent
Key Indicators in Q4 2024
Key Indicators in Q4 2024
Local Economic Outlook
GDP Growth (YoY) Financial and Insurance Activities is the highest
contributor to real GDP at 17.3% in Q4 2024
E Eccoonnoommiicc AAccttiivviittiieess CCoonnttrriibbuuttiioonn ttoo RReeaall GGDDPP ––QQ44 22002244
P POOSS TTrraannssaaccttiioonnss F Faawwrrii++ TTrraannssaaccttiioonnss C CPPII DDeecc 22002244
R Reeaall GGDDPP GGrroowwtthh N Noonn--OOiill GGDDPP GGrroowwtthh O Oiill GGDDPP GGrroowwtthh
+3.4% +4.6% -3.5% 14% YoY 12% YoY +0.5% YoY Financial and Insurance Activities 4.3%
1.7% 1.30%
Top Growing Non-Oil Activities (YoY) Manufacturing 2.0% 17.3%
I Inntteerreesstt RRaatteess oonn BBuussiinneessss LLooaannss QQ44 22002244 2.8%
Sector % Mining and quarrying 3.7%
Construction & Real Estate 6.64% Public administration and defence; compulsory social security 3.8%
Manufacturing 6.59%
Trade 6.43% Construction 3.9%
OtherCommunication Activities is the
I Innffoorrmmaattiioonn aanndd T Trraannssppoorrttaattiioonn aanndd M Maannuuffaaccttuurriinngg C Coonnssttrruuccttiioonn Information and 6.56% Transportation and Storage 15.0%
C Coommmmuunniiccaattiioonn 3.9%
S Sttoorraaggee
12.4% 11% 7% 6.8% fastest growing sector at 12.4% YoY in Q4 2024 Real Estate Activities
5.4%
Education
Bahrain’s Ranking on Global Indices
Trade Exchange
Wholesale and retail trade; repair of motor vehicles and motorcycles 6.6%
14.3%
Bahrain’s Top Import Partners Bahrain’s Top Export Partners Information and Communication 8.2%
R Reeaall GGDDPP GGrroowwtthh N Noonn--OOiill GGDDPP GGrroowwtthh O Oiill GGDDPP GGrroowwtthh Human Health and Social Work
Total Value of Total Value of
Country Country +3.4% -3.5% Professional, Scientific, and Technical activities
Imports (USD) Exports (USD) +4.6%
M Maannaammaa rraannkkss ffiirrsstt B Baahhrraaiinn LLeeaaddss aass aa B Baahhrraaiinn RRaannkkss FFiirrsstt iinn tthhee Accommodation and Food Services
R Reeaall GGDDPP GGrroowwtthh bbyy NNoonn--ooiill EEccoonnoommiicc AAccttiivviittiieess ––QQ44 22002244 ((YYooYY))
g glloobbaallllyy iinn tthhee ffiinnaanncciiaall P Piioonneeeerriinngg MMooddeell iinn tthhee A Arraabb WWoorrlldd iinn tthhee 22002244
China 571,209,596 Saudi Arabia 739,400,351 i innddeexx ooff tthhee GGlloobbaall 115500 2 2002244 GGlloobbaall CCyybbeerrsseeccuurriittyy E Eccoonnoommiicc FFrreeeeddoomm ooff tthhee Administrative and support service activities
C Ciittiieess IInnddeexx 22002244.. S Seeccttoorr I Innddeexx Y YooYY GGrroowwtthh W Woorrlldd IInnddeexx
United Arab Other**
Australia 420,261,257 Emirates 407,702,400 Global Economic Outlook 12.4% ** Includes Electricity and Gas, Activities of households as employers, Water supply, sewerage and waste management,
Information and Communication
United Arab United States Transportation and Storage 11% Price - Dec Arts, entertainment and recreation, Agriculture, forestry and fishing, other service activities, and net taxes on products.
Emirates 302,585,623 of America 355,576,081 Oil Type 2024
Manufacturing 7% WTI $67.20 The Financial and Insurance Activities is the highest contributor to GDP in Q4 2024 at
Brazil 276,271,185 Netherlands 215,354,476
Construction 6.8% Brent $71.12 17.3%, followed by the Manufacturing at 15%, and the Mining and quarrying at 14.3%.
United States 252,505,387 India 135,557,594 I Innffllaattiioonn ((AAvveerraaggee CCoonnssuummeerr G GPPDD iiss eexxppeecctteedd ttoo
Accommodation and Food Services
of America P Prriicceess)) iiss eexxppeecctteedd ttoo i innccrreeaassee ttoo 11..88%% iinn 6.1% W WTTII aanndd BBrreenntt OOiill PPrriiccee Source: Information and eGovernment Authority - Ministry of Finance and National Economy
C Chhaannggee DDeecc 22002244
Financial and Insurance Activities
d deeccrreeaassee ttoo 22%% iinn 22002255 iinn 2 2002255 iinn tthhee AAddvvaanncceedd 4.8% -9% and -10% YoY
t thhee EEuurrooppeeaann UUnniioonn E Eccoonnoommiieess 255% increase in the volume of trade between
Bahrain’s Top Import Partners in Q4 2024
Public Administration
Source: Information and eGovernment Authority ahrain’s economy showed Source: Information and eGovernment Authority, SIO, IMF, CBB, Bloomberg 4.7% Bahrain and Qatar in Q4 2024
• Real GDP rises 3.4% Bfinal quarter of 2024, ac- 4 Research and Initiatives Department 2.1% 7 C Coouunnttrryy T Toottaall VVaalluuee ooff T Toopp IImmppoorrtteedd C Coommmmooddiittyy I Immppoorrttss ffrroomm
Wholesale and Retail Trade
3
solid momentum in the
Research and Initiatives Department
% % ooff TToottaall
I Immppoorrttss iinn
Other
1.9%
V Vaalluuee
Research and Initiatives Department
C Coommmmooddiittyy
Q Q44 22002244
• Services sector cording to the Bahrain Cham- Human Health and Social Work -2.5% 969,054,759 571,209,596 V Voolluummee ooff TTrraaddee 86,753,610 t thhee CCoouunnttrryy
( (UUSSDD))
Real Estate Activities
0.9%
( (UUSSDD))
ber of Commerce and Indus -
China
Smartphones
15%
drives gains try’s report titled ‘Overview of Education -2.7% 984,031,760 788,917,588 Other Aluminum
• POS payments the Local Economy – Q4 2024’. Bahrain’s real GDP grew by 3.4% YoY in Q4 2024, propelled by a 4.6% growth Australia 420,261,257 136,617,514 93%
391,107,872
710,288,023 Oxide
The report recorded a 3.4 per-
Business costs and inflation
in the non-oil sector and a -3.5% decrease in the oil sector. The Information and
116,052,683
20%
increase 14% cent year-on-year increase in cluded aluminum alloys, iron United Arab 302,585,623 Gold Ingots 59,817,254 105,670,275
Emirates
real GDP, driven by 4.6 percent ores, and unwrought aluminum. Interest rates on business Non-Agglomerated 111,402,778 80,336,663
Communication witnessed the highest YoY growth by 12.4%. The second
growth in the non-oil sector. On the import side, the leading loans saw a marked drop, par- Brazil 276,271,185 32,727,218 249,654,254 90%
Iron Ores and
fastest growing activity was the Transportation and Storage at 11% YoY, followed
Mahir Haneef Leading this expansion were items were aluminum oxide, ticularly in the construction SAUDI ARABIA UNITED ARAB Concentrates KUWAIT SULTANATE
QATAR
by Manufacturing at 7% YoY.
TDT| Manama information and communica- smartphones, and aircraft en- and real estate sector, where United States of EMIRATES Parts for Aircraft 40,704,022 OMAN
16%
252,505,387
America
Engines
Source: Information and eGovernment Authority - Ministry of Finance and National Economy
tion activities with a 12.4 percent gine parts. Research and Initiatives Department rates fell from 10.2 percent to Q4 2023 Q4 2024
6
surge, followed by transporta- 6.64 percent. Manufacturing China maintains its position as Bahrain’s top
tion and storage at 11 percent, Spending and finance and trade sectors also bene - import partner in Q4 2024
% % CChhaannggee ffrroomm
and manufacturing at 7 percent. Point-of-sale transactions fited from reduced borrowing China is still Bahrain’s top import partner with a total import value of 571 million USD.
Q4 2023
Q4 2022
Q4 2024
C Coouunnttrryy
2 2002233 ttoo 22002244
Financial and insurance activi- increased 14 percent to BHD costs. The top imported commodity was smartphones, with a total value of 87 million USD.
ties contributed the largest share 1.26 billion, with supermarket Inflation remained modest. This commodity accounts for 15% of total imports from China. 2%
SAUDI ARABIA
984,031,760
969,054,759
1,028,718,216
Australia was second largest import partner with an imports value of 420 million USD
KNOW WHAT to GDP at 17.3 percent. and department store spending The Consumer Price Index rose UNITED ARAB EMIRATES 798,306,991 788,917,588 Aluminum Oxide, valued
710,288,023
-10% at 391
in Q4 2024. The top imported commodity was Other
growing by 26 percent and 29 by just 0.5 percent year-on-year million USD and constituting 93% of total imports from Australia.
Trade trends percent respectively. Jewelry in December 2024. The larg - QATAR 13,875,258 32,727,218 116,052,683 255%
Trade with GCC countries fell sales rose by 26 percent, while est price increases were seen in United Arab Emirates was the third top import partner in Q4 2024, with the total value
KUWAIT
111,402,778 was Gold
of imports reaching 303 million USD. The top imported commodity
136,617,514
Manama was ranked slightly by 2 percent compared ATM withdrawals declined by restaurants, communication ser- valued at 60 million USD, and it accounts for 20% of total imports. -18% Ingots,
145,700,944
SULTANATE OMAN
the world’s top city in to the same quarter a year ear- 10 percent. vices, and miscellaneous goods, Brazil was Bahrain’s fourth import market with total import amount of 276 million
-24%
198,858,488
80,336,663
105,670,275
the 2024 Global 150 lier. However, trade with Qatar Fawri+ transfers rose 12 per- while household furnishings Source: Information and e-Government Authority was Non-Agglomerated Iron Ores and Concentrates,
USD. The top imported commodity
valued at 250 million USD and accounting for 90% of total imports from Brazil.
Cities Index financial jumped significantly by 255 per- cent, accompanied by a 10 per- declined. Bahrain was also placed in the Index.
category, outperform- cent, reaching USD 116 million in cent increase in Fawri and 8 per- Global standing ‘Role-Modeling’ category in the The chamber stated that the
The United States of America was Bahrain’s fifth import market, with a total import
amount of 253 million USD. The top commodity imported was Parts for Aircraft
Global Cybersecurity Index and findings reflect the resilience of
ing hubs like Zurich, Q4 2024. Saudi Arabia remained cent in Fawateer transactions, Manama ranked first globally ranked first in the Arab world Bahrain’s private sector and the
Engines at 41 million USD and it accounts for 16% of imports from the US.
Bahrain’s top export destination, indicating stronger consumer
10 Source: Information and e-Government Authority
Geneva, and Dubai. while China led imports. confidence and broader adop- in the financial category of the in the Fraser Institute’s Eco - country’s improving economic
Research and Initiatives Department
Top export commodities in- tion of digital payments. ‘Global 150 Cities Index 2024’. nomic Freedom of the World fundamentals.
12
Research and Initiatives Department
US Vice President Vance, EU chief talk tariffs in Rome
AFP | Rome, Italy Leo XIV. looking forward to this conver-
In televised comments at the sation.”
S Vice President JD Vance start of the meeting, Vance said: He added: “I think we’ll have
Usaid yesterday that Europe “I’ve said repeatedly that I think a great conversation and hope-
was “an important ally” despite Europe is an important ally of fully (it) will be the beginning
disagreements over trade as the United States, the individu- of some long-term trade nego-
he met European Commission al countries within Europe are tiations and some long-term
President Ursula von der Leyen important allies of the United trade advantages between both
in Rome. States. Europe and the United States.”
Vance expressed hope that “But of course we have some For her part, von der Leyen
the talks -- the first at such a disagreements, as friends some- -- who sat on one side of Mel-
high level since US President Italy’s Prime Minister, Giorgia Meloni (C) meets with European Commission President Ursula von der Leyen and US Vice times do, on issues like trade, oni, with Vance on the other
Donald Trump introduced his President JD Vance at Palazzo Chigi in Rome and we also have many agree- -- hailed the “very special and
sweeping tariffs earlier this year long-term trade negotiations”. Prime Minister Giorgia Meloni three attended the inauguration ments and many things that we close relationship” between the
-- “will be the beginning of some They met alongside Italian at her office in Rome, after all mass at the Vatican for Pope can work on together, and I’m US and the European Union.

