Non-oil sector spurs growth to 2.4% in Bahrain

The non-oil sector grew 3.4pc at constant prices

Staff Writer, Gulf Daily News

April 9, 2024

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BAHRAIN’S gross domestic product grew at 2.4 per cent in 2023 at constant prices, powered by the non-oil sector, the Cabinet heard yesterday.

The session, chaired by His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister, at Gudaibiya Palace yesterday, discussed a memorandum submitted by the ministerial committee for financial and economic affairs and fiscal balance on the economic report of the kingdom for 2023.

The report showed that the non-oil sector contributed 83.9pc to the GDP at constant prices, which is the highest in Bahrain’s history.

This percentage reflects the efforts and co-operation between the public and private sectors to develop the non-oil economic sectors, it pointed out.

The non-oil sector grew 3.4pc at constant prices.

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