Bahrain’s non-oil economy grows at 5%

Bahrain’s non-oil economy has has grown by five percent during the first quarter of 2015, beating all previous projections.  Bahrain’s Economic Development Board (EDB) highlighted real annual GDP growth of 2.9 percent and strong labour market activity, with employment increasing by 5 percent compared with the same period last year. The report also found that the hydrocarbons sector had declined by 5.7 percent year on year. However, growth in the non-oil economy, which the EDB said constitutes more than 80 percent of Bahrain’s GDP saw strong growth reaching 5 percent.