Bahrain GDP Grows 0.8% In Q2

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Bahrain’s economy recorded a real growth of 0.84 percent in the second quarter of 2019 and 1.76 percent in current prices compared to the same period of the previous year, according to a government economic report on Monday.

Bahrain continued to achieved a balanced growth across its diversified economy, achieving economic growth in the second quarter of 2019 supported by the growth in the non-oil sectors, the official Bahrain News Agency (BNA) reported, quoting a report by the Information and eGovernment Authority (iGA).

The national accounts report showed a growth in non-oil sectors, including the financial sector, which recorded the highest contribution to GDP by 16.43 percent.

The report demonstrated that the oil sector GDP, compared to the second quarter of 2018, saw a decline by 0.8 percent in real prices and 5.75 percent at current prices in line with current global oil market conditions.