PHOTO
The Manama seascape from Muharraq. In the background are some of Bahrain's most famous architecture, the Financial Harbor and the Bahrain World Trade Center. Getty Images
The Gross Domestic Product (GDP) of Bahrain increased by 2.1% at constant prices during the third quarter of 2024 compared to the corresponding quarter of the previous year, according to the national accounts estimate issued by the Information & eGovernment Authority.
The GDP at constant prices reached BD3,734 million ($ and BD4,342 million at current prices during the third quarter of 2024.
The authority said 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 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%.
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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