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Bahrain records 1.5% Q1 GDP growth


MANAMA, 16 hours, 34 minutes
ago
Bahrain s nominal GDP (at current prices) for the first quarter of 2021 grew by 1.5% on quarterly basis and 0.3% on an annual basis, said an official report.
The growth was supported by the oil sector which grew 29.3% compared to the fourth quarter of 2020, and by 16% compared to the first quarter of 2020. This was as a result of the increase in total oil production from the two fields of Abu Safah, Bahrain and the improvement of global oil prices, said the Q1-2021 Bahrain Economic Quarterly Report published by the Finance and National Economy Ministry.
On the other hand, the growth of the non-oil sector declined by 1.9% on a quarterly basis and 1.8% on an annual basis, the report said. ....

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