Bahrain Economy Grew by 5.6% in Q2 2014


(MENAFN- QNA) Bahrain experienced overall GDP growth of 5.6% in Q2 2014, when compared to the same period a year earlier, according to the latest Bahrain Economic Quarterly (BEQ) issued by the Economic Development Board (EDB) today.

The report carried by Bahrain News Agency (BNA) also revealed that Q2 2014 GDP growth reached 3.2% in comparison to the first quarter of 2014, with the total GDP growth of the year 2014 expected to reach about 3.7%.

In addition, the report highlighted the important contribution of the oil and non-oil sectors to the overall robust economic growth. The non-oil sector grew by 4.7% year-on-year during Q2 2014, while the oil sector registered 9.3% growth. When compared to the previous quarter, the non-oil sector registered a rise of 3.0% and the oil sector registered a rise of 4.1%.


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.