01 Jul 2013
(MENAFN) Official data showed that Bahrain’s economy recorded a strongexpansion in the first quarter of the current year, supported by a revival of oil output, Reuters reported.
According to the data from the Central Informatics Organization, the Gulf state’s gross domestic product (GDP), adjusted for inflation, grew by 2.5 percent quarter-on-quarter, compared to a downwardly revised 0.2 percent in the fourth quarter of 2012.
Growth also accelerated on annual basis to 4.2 percent in the quarter, from a downwardly revised 2.5 percent a year ago.
Bahrain’s hydrocarbons sector, which accounts for a quarter of its USD30 billion economy, expanded by 1.3 percent in the January-March period, compared to 0.4 percent rise in the fourth quarter of 2012, driven by an 8 percent increase in output year-on-year.
However, the financial industry, which accounts for nearly 16 percent of the economy, slowed to 0.3 percent in the first quarter, compared to 1.4 percent in last three months of 2012.
In the hospitality sector, which nosedived during the 2011 turmoil, output edged up by 0.5 percent in January-March, after a 0.1 percent rise in the fourth quarter.
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more