Bahrain's non-oil economy beats expectations

23 July 2015

A number of sectors grew strongly

Bahrain’s non-oil growth beat expectations in the first quarter of 2015 according to the latest Bahrain Economic Quarterly (BEQ) issued by the Bahrain Economic Development Board (EDB).

The non-oil economy, which accounts for more than 80 per cent of GDP, grew by 5 per cent with a strong performance from a number of sectors.

The social and personal services sector grew by 8.3 per cent year-on-year, overtaking the hotels and restaurants sector as the fastest-growing sector. The social and personal services sector is primarily made up of private sector healthcare and education activities. The manufacturing sector also saw 5.9 per cent year-on-year growth.

Strong growth of 7.5 per cent year-on-year was reported in the construction sector and the transport and communications sector followed closely with a 7.3 per cent year-on-year expansion.

The report also highlighted overall real GDP growth of 2.9 per cent on an annual basis and strong labour market activity, with employment increasing by 5 per cent compared with the same period in 2014.

Stay informed with the latest in the Middle East
Download the MEED app today, available on Apple and Android devices

A MEED Subscription...

Subscribe or upgrade your current package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications