Financial Services

Bahrain’s Financial Services sector is the largest non-oil sector in the economy. The sector contributes 17.8% towards real
GDP in 2023. The sector covers many diverse types of transactions in such areas as consumer finance, banking and insurance.

It also covers a broad spectrum of investment funding models, including securities. The financial services sector has grown
strongly, fueled in part by the rapid emergence and adoption of fintech solutions.

This analysis is conducted by Tamkeen’s Business and Sector Intelligence Unit.
If you have any inquiries, please reach out to businessintelligence@tamkeen.bh 

  • BHD 2.437B

    GVA, 2023

  • 5.7%

    YoY Growth, in GVA, 2023

  • 17.8%

    Contribution to Real GDP, 2023

  • 60.1%

    Bahrainization Ranked 1/16 Sectors

  • 16,203

    Total Workforce Ranked 9/16 Sectors

  • BHD 1,756

    Average Wage of Bahrainis