National accounts estimates issued by the Information and e-Government Authority showed that the real gross domestic product of the Kingdom of Bahrain increased by 2.45% in constant prices and by 1.09% in current prices in the third quarter of 2023 compared to the same period in 2022. The Information and e-Government Authority explained that the positive growth according to… The detailed report refers to the increase achieved by the non-oil sector by 4.48% at constant prices and 4.81% at current prices on an annual basis, as the gross domestic product at constant prices reached 3,387.82 million Bahraini dinars in the third quarter of 2023, compared to 3,306.71 million Bahraini dinars in the period. The same from 2022. The report indicated that financial project activity is one of the largest non-oil sectors contributing to the real GDP at a rate of 18.08%, followed by the manufacturing industry at a rate of 13.85%. On an annual basis, the highest growing non-oil sectors, according to preliminary estimates of the national accounts, were the hotel and restaurant activity with a growth rate of 9.36%, followed by financial projects with a growth rate of 8.36% in constant prices.
