Bahrain’s GDP growth rate down by 1.1% in Q1 2020 – ZAWYA

Bahrain’s GDP growth rate down by 1.1% in Q1 2020 – ZAWYA

Bahrain's GDP growth rate down by 1.1% in Q1 2020 | ZAWYA MENA Edition HomeEconomyGCCArticleBahrain's GDP growth rate down by 1.1% in Q1 2020 The finance ministry report showed that the economic performance witnessed growth at the beginning of the year before being hit in March by the coronavirus pandemi    General view of Bahrain World Trade Center in Manama, Bahrain, February 21, 2019. Image used for illustrative purpose. The finance ministry report showed that the economic performance witnessed growth at the beginning of the year before being hit in March by the coronavirus pandemic, affecting the overall performance of the economy in the first quarter, according to the BNA report. The oil sector recorded growth at an annual rate of 1.8 percent at constant prices, driven by an increase in oil and gas production by 0.5 percent and 12.5 percent, respectively, although growth declined in current prices by 11.5 percent. On the other hand, the non-oil sector GDP registered a decrease of 1.7 percent at constant prices and 4 percent at current prices. Indicators within the report reflected continued growth in a number of non-oil sectors despite the challenges; the manufacturing sector achieved real growth of 4.8 percent, supported