According to the latest info from the Information & eGovernment Authority, Bahrain’s real GDP saw a significant rise in Q3 2023. The numbers show a 2.45% increase at constant prices and a 1.09% rise at current prices compared to 2022.
This growth is mainly thanks to the non-oil sector, pulling off a solid 4.48% growth at constant prices and 4.81% at current prices annually. Specifically, we’re talking about a jump from BD 3,306.71 million in Q3 2022 to BD 3,387.82 million in Q3 2023.
Breaking it down, Financial Corporations lead the pack with 18.08% of the real GDP, followed by the manufacturing industry at 13.85%.
And here’s a sneak peek from the national accounts: the hospitality and restaurant sector takes the crown with a 9.36% growth rate, closely followed by financial corporations with an 8.36% growth at constant prices.
Big moves in Bahrain’s economic scene!
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