The real GDP of the Kingdom of Bahrain increased by 1.3% at current prices during the second quarter of 2024 compared to the same period last year, according to the national accounts estimates issued by the Information & eGovernment Authority (iGA).

 

According to the iGA report, this was mainly due to the 2.8% growth achieved by the non-oil sector at constant prices, as the GDP at constant prices reached BD3722 million and BD 4377 million at current prices during the second quarter of 2024.

 

The activities of the manufacturing sector ranked first in terms of relative contribution to GDP at current prices in the second quarter of 2024, contributing 18.9%, followed by the activities of the finance and insurance sector with a contribution of 16.4%, stated the report.

 

According to preliminary estimates of the national accounts, the professional, scientific and technical activities achieved the highest growth rate in constant prices at 15.1%, followed by transport and storage sector activities at 12.9% and information and communication sector activities at 11.2% at an annual level in constant prices.-TradeArabia News Service