Bahrain Records Real Economic Growth of 1.3 Percent in Q2 2024
by: BTM - Fri, 01 Nov 2024
National accounts estimates issued by the Information & eGovernment Authority showed that the real GDP of the Kingdom of Bahrain increased by 1.3 percent and by 2.4 percent at current prices during the second quarter of 2024 compared to the corresponding quarter of the previous year.
The detailed report indicates that the growth is due to the increase achieved by the non-oil sector by 2.8 percent at constant prices, as the GDP at constant prices reached BD3722 million and BD4377 million at current prices during the second quarter of 2024.
The report shows that the activities of the manufacturing sector ranked first in terms of relative contribution to GDP at current prices in the second quarter of 2024, contributing 18.9 percent, followed by the activities of the finance and insurance sector with a contribution of 16.4 percent.
Tags #BTM NOVEMBER 2024 #business news bahrain #business bites #bahrain business bites
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