Bahrains records over 6% year-on-year real GDP growth over last decade - Business Intelligence Middle East - bi-me.com - News, analysis, reports

Bahrain enjoyed real GDP growth of 70% over the past decade according to a report out this week from the Kingdom's Economic Development Board (EDB). This represents a sustainable growth rate in real GDP of more than 6% year-on-year.

The EDB's first Annual Economic Review details Bahrain's economic performance over the past decade and forecasts continued, sustainable growth over the coming ten years. In addition to the 70% GDP growth, exports increased 116%, Bahraini employment rose by 39% and Bahraini wages increased 54%.

From 2005 to 2008, Bahrain also achieved the highest amount of foreign economic investment as a proportion of nominal GDP among the six nations of the Gulf Cooperation Council (GCC) at around 35%. Real GDP is forecast to continue to grow sustainably with a 4% expansion in 2010, rising to 7.2% in 2015.