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Bahrain real GDP grows 3.9 percent

May 20, 2013

 

Bahrain’s real gross domestic product (GDP) is estimated to have expanded 3.9 per cent last year from the 1.9pc growth seen in 2011.

Even as the oil sector shrank by around 8.5pc in 2012 due to a temporary technical disruption at the country’s main Abu Sa’afa oilfield – expected to return to full capacity this year – strong growth in the non-oil sector drove economic momentum, according to a research report by Global Investment House.

Bahrain’s economy is expected to grow by 4.2pc this year, it added.

In the first three quarters of last year, Bahrain’s economy grew at an annual pace of 3.7pc, while headline growth rate slowed steadily from 4.8pc year-on-year in the first quarter to 2.9pc in the second, and 3.3pc in the third.

 

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