Thursday March 30 2017
Bahrain GDP Annual Growth Rate at 1.10 percent
Bahrain's economy expanded 1.1 percent year-on-year in the fourth quarter of 2016, following a 3.9 percent growth in the previous period. It was the weakest growth since December quarter 2011, due to a slump in mining and quarrying (-9.5 percent from 1.4 percent in Q3) and manufacturing (-0.1 percent from 0.8 percent) and slower increase in financial services (6.3 percent from 7.4 percent in Q3), government services (2 percent from 3.5 percent) and construction (4.5 percent from 7.2 percent). On a quarterly basis, the GDP contracted 2.7 percent, compared to a 1.7 percent expansion in the previous period.