Tue, 07 September 2021
Bahrain’s financial wealth grew by a Compound Annual Growth Rate (CAGR) of 4.9% from 2015 to reach a high of USD 69 billion in 2020 – 75 percent of which is investable wealth – as Bahrain’s market showed resilience in the face of the protracted COVID-19 pandemic, according to a new report by Boston Consulting Group (BCG).
The report, titled ‘Global Wealth 2021: When Clients Take the Lead’, reveals that despite the pandemic’s 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.
“Bahrain’s 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 Bahrain’s 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,” said Managing Director and Partner at BCG, Mustafa Bosca.
Bahrain, which represented 3% of the Gulf Cooperation Council’s (GCC) financial wealth in 2020, is expected to witness strong growth of 3.6 percent CAGR to reach USD 82 billion by 2025, a USD13 billion increase from 2020. Meanwhile, the region’s financial wealth is forecast to reach USD 2.7 trillion in 2025 from USD 2.2 trillion in 2020.