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Bahrain Q4 GDP Growth Slows To 5.4%

Bahrain Q4 GDP Growth Slows To 5.4%

The mining sector, which includes oil production and accounts for over a fifth of GDP, led growth in the fourth quarter.

Growth in Bahrain’s inflation-adjusted gross domestic product slowed to 5.4 per cent year-on-year in the fourth quarter of last year from a revised 5.7 per cent in the third quarter, data from the state statistics body showed on Monday.

GDP rose 0.7 per cent from the previous quarter.

The mining sector, which includes oil production and accounts for over a fifth of GDP, led growth in the fourth quarter, expanding 14.6 per cent from a year earlier.

Most other major sectors grew much more slowly, with construction edging up 1.5 per cent and financial services also growing 1.5 per cent.

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