The rate of the economic growth of the Kingdom of Bahrain has risen during the second quarter of 2014 by 5.6% at constant prices and 7.0% at current prices compared to the same quarter of 2013, President of the Central Informatics Organisation (CIO) Dr. Mohammed bin Ahmed Al Amer said.
Speaking as he announced the report of the national accounts results for the second quarter of 2014, issued by CIO's Directorate of National Accounts, Al Amer said that the Bahraini economy had posted reasonable level of growth despite regional and global instability thanks to the increase of oil and gas production, as well as the good results achieved by non-oil sectors.
He explained that GDP grew by 5.6% at constant prices and 7.0% at current prices, noting that the oil sector rose by 9.3% at constant prices and 12.5% at current prices, and the non-oil sector rose by 4.7% at constant prices and 5.2% at current prices.
The financial projects increased 3.6% at constant prices and 4.2% at current prices, he said.
He added that construction sector grew by 3.6% at constant prices and 4.2% at current prices, while the transport and communications activity posted a growth of 5.6% at constant prices and 7.1% at current prices.
The manufacturing industry posted a growth rate of 4.4% and 2.9% at constant prices and current respectively, he added.
Concerning government services, he said that they had risen by 3.3% at constant prices and 2.6% at current prices.
Social and personal services increased by 8.2% at constant prices and 10.2 % at current prices, while electricity and water activities rose by 5.6% at constant prices and 6.41% at current prices, educational services grew by 5.9% at constant prices and 4.9% at current prices, and health services increased by 6.9% and 5.7% at constant prices and current respectively.