Bahrain GDP grows 5.6pc in Q2
MANAMA, September 14, 2014
Bahrain's economic growth has risen during the second quarter of this year by 5.6 per cent at constant prices and 7 per cent at current prices compared to the same quarter of 2013, a top government official said.
"Bahraini economy had posted reasonable level of growth despite regional and global instability, thanks to the increase of oil and gas production, as well as the good results achieved by non-oil sectors," Central Informatics Organisation (CIO) president Dr Mohammed Al Amer was quoted as saying by the Gulf Daily News (GDN), our sister publication.
He said the GDP grew by 5.6 per cent at constant prices and 7 per cent at current prices, noting that the oil sector rose by 9.3 per cent at constant prices and 12.5 per cent at current prices, and the non-oil sector rose by 4.7 per cent at constant prices and 5.2 per cent at current prices.
The financial projects increased 3.6 per cent at constant prices and 4.2 per cent at current prices, Dr Al Amer said as he released the report of the national accounts for the second quarter, issued by CIO's National Accounts Directorate.
He added that construction sector grew by 3.6 per cent at constant prices and 4.2 per cent at current prices, while the transport and communications activity posted a growth of 5.6 per cent at constant prices and 7.1 per cent at current prices.
The manufacturing industry posted a growth rate of 4.4 per cent and 2.9 per cent at constant prices and current respectively, he added.
On the government services front, he said that they had risen by 3.3 per cent at constant prices and 2.6 per cent at current prices.
Social and personal services increased by 8.2 per cent at constant prices and 10.2 per cent at current prices, while electricity and water activities rose by 5.6 per cent at constant prices and 6.41 per cent at current prices, educational services grew by 5.9 per cent at constant prices and 4.9 per cent at current prices, and health services increased by 6.9 per cent and 5.7 per cent at constant prices and current respectively. – TradeArabia News Service
