Bahrain posts 3.9% GDP growth

Despite continuing global economic uncertainty, 2012 has been a year of steady consolidation for the Bahraini economy with progress across the non-oil sector of the economy, according to the latest Economic Quarterly Report from the Bahrain Economic Development Board (EDB).

The annual pace of economic growth in the first three quarters of 2012 was 4.4%, led by a strong rebound in the non-oil sector of the economy, with overall growth for the year estimated at 3.9% and all main sectors of the economy recording positive growth.Growth is also likely to pick up further in 2013 due to planned large-scale industrial investments and growth in infrastructure spending. The Bahraini economy is fairly resilient to external shocks and it is currently estimated that real GDP growth could exceed 6% this year.