Bahrain economy's grows 5.1 percent in Q3


(MENAFN) Bahrain's economy registered a growth by 5.1 percent in constant prices and 4.7 percent in current prices during the July-September period of this year in comparison with the same period last year, Gulf Daily News reported.

The country's Gross Domestic Product (GDP) also registered a growth during the third quarter of this year, growing by 1.7 percent in constant prices and 2 percent in current prices, while financial projects surged 3.5 percent in constant prices and 5.8 percent in current prices.

In terms of sector, the construction sector recorded a growth by 12.3 percent, while real estate grew by 3.3 percent, and the telecommunications sector grew 4 percent.

Other sectors like Electricity and water posted a slight growth of 2.6 percent while health services soared by 7.3 percent and the agricultural sector and fisheries grew by 4 percent during the July-September period of this year.

Meanwhile, the oil sector posted a 3.4 percent rate of growth in constant prices compared with the non-oil sector which grew by around 1.3 percent in constant prices.


MENAFN

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.