Bahrain’s real GDP grows in last quarter of 2020 | THE DAILY TRIBUNE | KINGDOM OF BAHRAIN

Bahrain’s real GDP grows in last quarter of 2020 | THE DAILY TRIBUNE | KINGDOM OF BAHRAIN

TDT | Manama

The Daily Tribune - www.newsofbahrain.com 

The Finance and National Economy Ministry today published the Q3 2020 Bahrain Economic Quarterly report for the Kingdom of Bahrain on the Ministry's website (www.mofne.gov.bh). The report reflects the state of the Kingdom's economy and the performance of its economic sectors and key economic indicators during the third quarter of 2020. 

The Kingdom's real GDP grew at 1.4% QoQ, or 10.8% in nominal terms. The recovery is in line with that witnessed by the global economy during the third quarter of 2020, after the contractions over the first half of the year as a result of the repercussions of the Coronavirus (Covid-19) pandemic and the decline in global oil prices.  

The Kingdom of Bahrain's real GDP growth on a quarterly basis comes as a result of the real growth in both the oil sector GDP,