The balance of foreign direct investment increased by 5.7% on an annual basis to 17.3 billion Bahraini dinars
The Ministry of Finance and National Economy published today the economic report of the Kingdom of Bahrain for the year 2024 through its website www.mofne.gov.bh.
According to the initial data of the national accounts issued by the Information and Electronic Government Authority, the gross domestic product during the year 2024 recorded 2.6% at fixed prices on an annual basis, supported by the growth of non -oil activities by 3.8% on an annual basis, while oil activities recorded a decline of 4.0% on an annual basis, and for current prices, the gross domestic product recorded a growth rate 2.0%, with oil activities decreased by 5.8%, and the growth of non -oil activities by 3.3%on an annual basis.
The report highlighted the role of non -oil activities in supporting economic growth, as its contribution to GDP reached 86.0% at fixed prices during the year 2024.
With regard to the performance of non -oil sectors, the information and communications sector recorded the highest growth rate among non -oil sectors of 12.3%at fixed prices during the year 2024 on an annual basis, followed by the professional, scientific and technical activities sector with a growth rate of 9.5%, then the residence and food services sector by 5.9%, the transportation and storage sector by 4.9%, as the manufacturing sector witnessed a growth of 4.5%, which is, which is The second highest contribution sector in GDP with fixed prices. The financial activities and insurance sector, which is the largest contribution to GDP, has also registered 4.4%.
The report also highlighted the growth of foreign direct investment balance to the Kingdom of Bahrain by 5.7% on an annual basis by the end of the year 2024, bringing the total foreign direct investment balance to 17.3 billion Bahraini dinars.
In addition, the report highlighted the performance of the Kingdom of Bahrain within the reports and indicators of global competitiveness, as the Kingdom of Bahrain topped the countries of the Arab world in the index of business perceptions for the year 2025 according to the Global Opportunities Index 2025 issued by the Milkin Institute, as well Issued by the International Competitiveness Center of the International Institute for Administrative Development (IMD), where the city of Manama ranked 36 out of 146 cities, outperforming some international cities such as Berlin, New York and Paris.
