Bahrain’s real GDP grows 4.3pc in Quater 4, says report
Bahrain’s GDP grew by 4.29% at real prices and 18.44% at current prices in the Q4 of 2021, according to national accounts estimates issued by the Information & eGovernment Authority (iGA). The report, which shows the growth of both the oil and non-oil sectors, revealed that the oil sector grew by 4.67% at constant prices and 64.15% at current prices, reflecting the rise in fuel prices. The non-oil sector recorded a growth of 4.21% at constant prices and 12.99% at current prices from Q4 of last year, stated the iGA report.
According to iGA, the results also showed a rise in transportation and communications which grew 11.54% at constant prices and 5.53% at current prices. Agriculture and fishing activity posted growth, rising 10.24% at constant prices but fell 0.06% on current prices. Electricity and water grew by 9.59% in constant prices and 8.28% at current prices, it added. Government and private health services witnessed a 7.88% and 6.93% growth at constant and current prices, respectively, while other social and personal services rose 7.11% at constant prices and 13.81% at current prices.
The report showed recovery in other government services, financial projects, trade activity, manufacturing, government, and private health services in varying proportions when comparing the fourth quarter with the one from the previous year, it added.
