Bahrain's economy grew by 5.1 per cent in constant prices and 4.7 per cent in current prices in the third quarter of this year, compared with last year.

“The growth momentum covered all oil and non-oil economic sectors,” Central Informatics Centre president Dr Mohammed Al Amer said.

Meanwhile, GDP grew by 1.7 per cent in constant prices and two per cent in current prices, said a report in the Gulf Daily News (GDN), our sister publication.

According to the quarterly survey, financial projects surged 3.5 per cent in constant prices and 5.8 per cent in current prices.

There are signs of increased activity in the construction sector which grew 12.3 per cent and 15.4 per cent in constant and current prices Real value added in the real estate also grew by 3.3 per cent and 8.8 per cent respectively.

The growth momentum included the telecommunications sector which grew four per cent and 8pc in constant and current prices. Electricity and water posted a slight growth of 2.6 per cent and 1.7 per cent respectively while health services soared by 7.3 per cent and 7.5 per cent respectively. The agricultural sector and fisheries grew four per cent in constant prices and 4.4 per cent in current prices.

The oil sector post a 3.4 per cent rate of growth in constant prices compared with the non-oil sector which grew by around 1.3 per cent in constant prices and 2.7 per cent in current prices. - TradeArabia News Service