Bahrain’s economy returns to pre-pandemic levels
Bahrain’s economic indicators show that the performance of various sectors in August 2021 was comparable to the levels recorded in 2019, the Finance and National Economy Minister said.
The data reflects the continued pace of economic recovery, he added.
In the real estate sector, the number of building permits issued in August 2021 exceeded the levels recorded during the same period in 2019 by 64.4%.
The total construction area for the licenses issued amounted to about 448,000 sqm, an increase of 151.6% compared to 2019.
The minister noted an increase in cashless transactions due to the pandemic; the results were reflected in the levels of sales at points of sale.
He said that total sales increased by over 55% compared to the same period in 2019, coinciding with the return of commercial activity.
In the trade sector, the value of international exports of national origin increased by 103%. International imports grew by 16%.
In domestic trade, a total of 627 new commercial registrations were issued to companies in August 2021, an increase of 28.8% compared to the same month in 2019, he said.
In the tourism sector, the occupancy rate of four and five-star hotels exceeded 48%.
