The commercial industrial gases market in Bahrain is estimated to have generated revenues of $35 million in 2016. This is an increase from $17 million in 2006, indicating an average annual growth rate of 7.3% p.a.
Bahrain is an oil-based economy but for some years now it has been reducing investment in its petrochemical sector so it can focus on becoming a service led industry (e.g. banking). GDP growth has experienced extended periods of strong growth over the course of the last decade. However, there was a sharp decline during the financial crisis. Furthermore, the rate of GDP declined by -8.7% in 2015, but recovered sslightly by 2.5% in 2016.
Report Data: 2016