Bahrain economy bounces back with 4.6pc growth
Manama, December 16, 2013
Bahrain's economy has bounced back, growing by 4.6 per cent in the third quarter of this year.
The overall GDP at constant prices stood at BD2,696 million ($6.9 billion) in the third quarter, up from BD2,577.1 million in the same period last year, Central Informatics Organisation chairman Dr Mohammed Al Amer said as he revealed updated quarterly figures reported the Gulf Daily News (GDN), our sister publication.
He said most oil and non-oil sectors posted different rates of growth.
The oil sector played a major role in boosting the economy, contributing 45 per cent to the overall growth rate, thanks to rising prices in world market and soaring production.
The other economic sectors contributed 55 per cent. - TradeArabia News Service