Home entertainment Ministry of Finance: 3.5%, the rate of foreign direct investment, to 17.1...

Ministry of Finance: 3.5%, the rate of foreign direct investment, to 17.1 billion dinars

4
0

84.8 % of the contribution of non -oil activities with GDP in the first quarter of 2025

2.7% growth in the first quarter, driven by a growth of 2.2% for non -oil activities and 5.3% for oil.

Yesterday, the Ministry of Finance and National Economy published the term economic report of the Kingdom of Bahrain for the first quarter of the year 2025, through its website www.mofne.gov.bh. According to the initial data of the national accounts issued by the Information and Electronic Government Authority, GDP during the first quarter of this year recorded a growth of 2.7%, driven by the growth of non -oil activities by 2.2% and oil by 5.3% on an annual basis.

With regard to GDP at current prices, the GDP has achieved a growth of 3.0%, supported by the growth of non -oil activities by 2.8%, and oil activities by 4.6%on an annual basis. The report highlighted the growth of the size of foreign direct investment by 3.5% on an annual basis during the first quarter of the year 2025, bringing the total foreign direct investment balance to 17.1 billion Bahraini dinars.

The report highlighted the prominent role of non -oil activities in advancing economic growth, as its contribution to GDP reached 84.8% at fixed prices during the first quarter of this year.

In terms of performing non -oil activities, residence and food services activities recorded the highest growth rate of 10.3% during the first quarter of 2025 on an annual basis, followed by financial activities and insurance activities, which are the largest contribution activities in the gross domestic product, as it recorded 7.5% growth at fixed prices, followed by construction and education activities by 5.4% and 2.5%, respectively.

Professional, scientific and technical activities also grew by 2.2%, real estate activities, wholesale and retail trade, by 2.0%each, and the transportation and storage sector by 1.9%, while information and communications activity recorded a growth of 1.4%. As for the manufacturing sector, it witnessed a slight decline of 0.4% on an annual basis.

The Kingdom of Bahrain continues to achieve remarkable progress in a number of international economic and development indicators, which reflects the keenness on economic diversification and enhancing the business environment, by adopting and implementing a number of strategies and initiatives in this regard.

source

LEAVE A REPLY

Please enter your comment!
Please enter your name here