Bahrain records real GDP growth of 4.29 per cent

 Bahrain’s gross domestic product (GDP) grew by 4.29 per cent in real terms and by 18.44pc at current prices in the fourth quarter of 2021, according to national accounts issued by the Information and eGovernment Authority (iGA).

The oil sector achieved a growth of 4.67pc at real prices and 64.15pc at current prices, a reflection of the rise in oil prices.

While the non-oil sector recorded a growth of 4.21pc at real prices and 12.99pc at current prices, compared with the fourth quarter of 2020.

The effects of the recovery from the pandemic were evident on the activity of hotels and restaurants, which recorded a real increase of 31.66pc and a nominal rise of 39.82pc.

The report showed an increase in transportation and communications by 11.54pc at real prices and 5.53pc at current prices.

Agricultural and fishing activities also grew by 10.24pc and declined by 0.06pc at real and current prices, respectively, while electricity and water achieved a growth of 9.59pc at real prices and 8.28pc at current prices.

Government and private health services grew by 7.88pc and 6.93pc at real and current prices, respectively.

Other social and personal services witnessed an increase of about 7.11pc at real prices and 13.81pc at current prices.

Financial projects recorded an increase of 5.15pc at real prices and 2.63pc at current prices.

Similarly, mining and quarrying activity grew to 4.78pc and 58.38pc at real and current prices, respectively.

As for the real estate and business services sector, it achieved a growth of 4.78pc at real prices and 2.49pc at current prices.

Manufacturing industries also grew by 1.79pc and 47.18pc at current prices.

Bahrain posted a real economic growth of 1.49pc during the fourth quarter of the year 2021 and 9,62pc at current prices compared with the third quarter of the same year.

According to the report, the oil sector declined by 4.49pc at real prices, while it grew by 2.11pc at current prices.

The non-oil sector achieved an increase of 2.86pc and 11.03pc at real and current prices, respectively.

The report indicated an increase in transportation and communications at a rate of 2.58pc and 1.75pc at real and current prices, respectively, followed by real estate and business services activity by 1.84pc at real prices and 1.30pc at current prices.

Other social and personal services grew by 1.73pc at real prices and by 2.13pc at current prices. The construction sector grew by 1.59pc and 0.82pc at real and current prices, respectively.

Source: https://www.gdnonline.com/Details/1038364