Manama, April 13 (BNA) The Ministry of Finance and National Economy issued a summary of the performance of a number of quarterly economic indicators.
Most indicators performed better than the pre-pandemic benchmarks for 2019.
These positive economic indicators appeared in the wake of the launch of the economic recovery plan, in addition to following a number of initiatives and strategies to develop the economy and create quality job opportunities for citizens.
Significant economic growth was achieved during the first quarter of 2022. In the tourism and hospitality sector, the average occupancy rate of hotels in four- and five-star hotels increased by 55% and the number of visitors to the mall increased by 26.9%.
In the trade sector, new commercial licenses increased by 35.4%, and the value of Bahrain ATM cards sales increased by 4.2%. In international trade the total value of exports reached 64.7%.
In the financial services sector, significant growth was achieved in February. Fawry+ transactions grew by 55.1% and Fawry transactions increased by 22.1%. Similarly, total non-bank deposits grew by 12.7% and Bahrain Bourse index witnessed an increase of 33.3%.
In the real estate sector, transactions registered with the Survey and Land Registration Authority increased by 19.6%, while the number of building permits increased by 15.8%. In addition, total fuel sales increased by 12.2%.