Bahrain posts biggest annual GDP increase since 2011
Bahrain’s gross domestic product (GDP) grew 6.9 percent year on year in the second quarter of 2022, posting the biggest annual increase since 2011, Bahrain’s Crown Prince Salman bin Hamad Al-Khalifa said.
According to the preliminary results published by the Information and eGovernment Authority, Bahrain’s economy recorded significant growth in real terms during Q2 2022 on an annual basis.
The report showed positive economic growth driven by the strong performances of the non-oil sectors according to the positive results across the sectors targeted by the Economic Recovery Plan.
Moreover, the report highlighted the performance of the economic indicators during Q2 2022 compared to Q2 2021, with the Hotels and Restaurants sector recording the strongest growth of 18.1 percent in real terms. It was followed by the Transport and Communication sector, which grew by 15.1 percent, and the Manufacturing sector, which grew by 7.6 percent as a result of an increase in total production from Bahrain Petroleum Company (BAPCO), Bahrain National Gas Company (Banagas) and Aluminum Bahrain (ALBA).