Bahrain’s GDP Recovers in 3Q 2020 with 1.4% QoQ Growth, In Line with Global Recovery

The Kingdom of Bahrain’s economy registered real gross domestic product (GDP) growth of 1.4% quarter-on-quarter (QoQ), during the third quarter of 2020 (3Q 2020), in line with the global economic recovery trend, according to a quarterly economic report by the country’s Ministry of Finance and National Economy.

The 1.4% QoQ increase in real GDP during 3Q 2020, followed contractions during the first two quarters of the year (-2.8% QoQ in Q1 2020 and -4.1% QoQ in Q2 2020) as a result of the COVID-19 pandemic and low oil prices, according to the economic report.

The improvement in real GDP in 3Q 2020 was a result of the announcement of policy measures exceeding BHD 4.5 billion to directly support Bahrain’s recovery as well as the gradual reopening of bu...