Bahrain Economy records real growth of 2.1% in the third quarter of 2024
06 Jan 2025
National accounts estimate issued by the Information & eGovernment Authority showed that the Gross Domestic Product of the Kingdom of Bahrain increased by 2.1% at constant prices during the third quarter of 2024 compared to the corresponding quarter of the previous year, as the GDP at constant prices reached BD 3,734 million and BD 4,342 million at current prices during the third quarter of 2024.
The authority indicated that the growth is due to the increase achieved by the non-oil sector by 3.9% at constant prices and 1.5% at current prices.
The report shows that the manufacturing ranked first in terms of non-oil activities contribution to GDP at current prices in the third quarter of 2024, contributing 20.1%, followed by the financial and insurance activities with a contribution of 17.0%.
According to preliminary estimates of the national accounts, professional, scientific and technical activities achieved the highest growth rate at constant prices at 13.8%, followed by information and communication activities at 11.9%, at an annual rate in constant prices.
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