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Bahrain’s non-oil sector supports its GDP growth

15 Dec 2016

(MENAFN) Bahrain’s GDP growth will hold this year on signs of resilience in the non-oil economy, adding that growth will pick up in 2017 on a recovery in oil prices.

Additionally, real non-oil growth is predicted to remain stable at a solid 3.6 percent year-on-year this year before edging up towards 4 percent.

In the first quarter of the current year, real GDP growth recovered and accelerated to 4.5 percent, while the increase was attributed to a jump in oil GDP growth.

On the other hand, growth in real non-oil activity jumped from 2.8 percent to 3.6 percent amid the same period, supporting some of the weakness in oil activity.

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