Business

The Recovery of the Non-Oil Sector

by BTM

Wed, 02 February 2022

The Recovery of the Non-Oil Sector

Estimates of national accounts issued by the Information and E-Government Authority showed that Bahrain’s GDP grew in real prices by 2.09 percent and 10.19 percent at current prices in the third quarter of 2021. 

The national accounts report shows that the growth is due to the rise achieved by the non-oil sector by 3.76 percent in real prices and 5.94 percent at current prices. This was supported by transportation and telecommunications activity, which showed an improvement in its economic performance, growing by 25.78 percent in real prices and 14.69 percent at current prices from the third quarter of last year. The oil sector fell by 4.63 percent at real prices and increased by 39.95 percent at current prices compared to the same quarter of 2020.

The results showed that government and private health services increased by 9.13 percent in real prices and 6.39 percent at current prices. Manufacturing grew by 15.62 percent at current prices while falling slightly in real prices by 0.26 percent. As for trade activity, it grew by 4.48 percent and 3.45 percent in real and current prices, respectively. 

#BUSINESS BITES #BUSINESS NEWS BAHRAIN #BUSINESS IN BAHRAIN #BAHRAIN BUSINESS NEWS #BAHRAIN BUSINESS #BTM FEBRUARY 2022 #BUSINESS

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