{"id":259255,"date":"2019-10-07T12:14:35","date_gmt":"2019-10-07T15:14:35","guid":{"rendered":"https:\/\/anba.com.br\/?p=259255"},"modified":"2019-10-07T12:42:57","modified_gmt":"2019-10-07T15:42:57","slug":"bahrain-growth-driven-by-non-oil-sector","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/bahrain-growth-driven-by-non-oil-sector\/","title":{"rendered":"Bahrain growth driven by non-oil sector"},"content":{"rendered":"<p>S\u00e3o Paulo \u2013 Bahrain\u2019s economy posted 0.84% real growth and 1.76% nominal growth year-on-year in Q2, Bahrain News Agency (BNA) reported, quoting Information &amp; eGovernment Authority\u00a0(<a href=\"http:\/\/www.iga.gov.bh\/en\/\" target=\"_blank\" rel=\"noopener noreferrer\">iGA<\/a>).<\/p>\n<p>Real growth is discounted for inflation, whereas nominal growth concerns current prices. According to the iGA, Bahrain \u201ccontinued to achieve balanced growth across its diversified economy,\u201d and the result was supported by non-oil sectors. Oil industry Gross Domestic Product (GDP) dropped.<\/p>\n<p>Non-oil GDP climbed 1.21% in real terms and 3.16% at current prices year-on-year in Q2. Hotels and restaurants saw the best result at 8.66% real growth. Construction climbed 3.96% and transportation and communication were up 3.43%. Growth was 2.62% for the financial sector, 2.24% for private educational services and 2.44% for private healthcare services.<\/p>\n<p>Non-oil sector performance was not even across the board. Other social and personal services and electricity and water activities grew by less than 1%. Manufacturing industry was down 0.48%, and real estate and business activities slid 4.69%.<\/p>\n<p>In Q2 from Q1, Bahrain\u2019s economy saw 3.39% real and 4% nominal growth. Non-oil GDP growth fell short of the overall average, at 1.83% real and 1.92% nominal growth. Traditionally an oil-based economy, Bahrain \u2013 like most Gulf countries \u2013 has been pushing for diversification.<\/p>\n<p><strong>Translated by Gabriel Pomerancblum<\/strong><\/p>\n<div class=\"credits-overlay\" data-target=\".wp-image-259248\">The National<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Arab country\u2019s economy grew 0.84% in the second quarter of this year, despite weaker oil industry performance.<\/p>\n","protected":false},"author":2316,"featured_media":259248,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[91],"tags":[3971,27133,10545,9756,11790,11791],"class_list":{"0":"post-259255","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-bahrain","9":"tag-bahrein-en-2","10":"tag-economy-en","11":"tag-gdp-en","12":"tag-iga","13":"tag-non-oil-sector"},"wps_subtitle":"The Arab country\u2019s economy grew 0.84% in the second quarter of this year, despite weaker oil industry performance. ","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/259255","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2316"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=259255"}],"version-history":[{"count":0,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/259255\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media\/259248"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=259255"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=259255"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=259255"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}