Bahrain’s 2Q 2020 Gross Domestic Product Declined 8.9% YoY due to COVID-19 Impact

The Kingdom of Bahrain’s overall economic growth declined 8.9% year-over-year (YoY) in the second quarter of 2020 (2Q 2020), according to Bahrain News Agency, citing a quarterly economic report by the country’s Ministry of Finance and National Economy.

The 8.9% YoY decline in gross domestic product (GDP) in 2Q 2020 at constant prices was attributed to the global COVID-19 pandemic. According to the economic report, the oil and gas sector reported 3.2% YoY growth in constant GDP, whilst the non-oil sector GDP registered a 11.5% YoY decline in constant prices.

The government services sector, which was the Kingdom’s third largest non-oil sector in terms of GDP contrib...