Bahrain’s financial wealth grows to $69 Billion despite challenges from the pandemic
- Date: 04-Aug-2021
- Source: Bizbahrain
- Sector:Financial Markets
- Country:Bahrain
Bahrain’s financial wealth grows to $69 Billion despite challenges from the pandemic
Bahrainâs financial wealth grew by a Compound Annual Growth Rate (CAGR) of 4.9% from 2015 to reach a high of $69 billion in 2020 â 75% of which is investable wealth â as Bahrainâs market showed resilience in the face of the protracted COVID-19 pandemic, according to a new report by . The report, titled â , reveals that despite the pandemicâs enduring financial impact, global prosperity and wealth grew significantly throughout the crisis and are likely to continue to expand significantly over the next five years, in line with the emerging economic recovery. âBahrainâs wealth has remained resilient despite the turbulent climate following the COVID-19 outbreak. This viewpoint is substantiated through the data, which illustrates growth over the past five years, with Bahrainâs Economic Vision 2030 supporting global economic activity. As a result, growth in wealth has been recorded, positioning Bahrain to make progress through 2025 and beyond,â said Mustafa Bosca, Managing Director and Partner at BCG. Bahrain, which represented 3% of the Gulf Cooperation Councilâs (GCC) financial wealth in 2020, is expected to witness strong growth of 3.6% CAGR to reach $82 billion by 2025, a $13 billion increase from 2020. Meanwhile, the regionâs financial wealth is forecast