01 Jan

Qatar`s Quarterly GDP Rises by 20.4%

Doha: Qatar’s Gross Domestic Product at current prices (nominal GDP) has increased by 20.4 percent in the third quarter of 2018 over the third quarter of 2017. The quarterly GDP at current prices in Q3 of 2018 is estimated at QR180.90bn.

This represents an increase of 20.4 percent compared to the estimate of Q3 of 2017 placed at QR150.19bn. 

Compared to previous quarter's (Q2 of 2018) revised estimate of QR170.58bn, it is a rise of six percent, according to the preliminary estimates of Gross Domestic Product at current and constant prices for the third quarter of 2018, released by The Planning and Statistics Authority.

The quarterly GDP at constant prices in Q3 of 2018 (QR210.77bn) shows a growth of 2.2 percent compared to the estimate of Q3 of 2017 (QR206.29bn). 

However, compared to the previous quarter (Q2 of 2018) revised estimate of QR202.73bn, an increase of four percent is recorded.

The estimates have been produced by using the data collected through the Quarterly Economic Indicator Survey and from other source agencies.

In the Mining and Quarrying sector, the nominal Gross Value Added (GVA) estimate is estimated at QR67.89bn in Q3 of 2018, which shows an increase of 43.9 percent over the estimate of Q3 of 2017 placed at QR47.18bn. Compared to the previous quarter (Q2 of 2018) revised estimate, there has been an increase of 11.1 percent in the GVA of this sector.

The real GVA of these activities in Q3 2018 is estimated at QR98.82bn, which shows a decrease of 0.1 percent over the estimate of Q3 2017 (QR98.93bn). However, compared to Q2 2018 revised estimate, there has been an increase of 3.7 percent in the real GVA of this sector.

The nominal GVA estimate of Non-Mining and Quarrying activities is estimated at QR113.01bn in Q3 of 2018, which shows an increase of 9.7 percent over the estimate of Q3 2017 (QR103.01bn). Compared to the previous quarter (Q2 of 2018) revised estimate, an increase of 3.2 percent has been recorded.

The real GVA of these activities totaled QR111.96bn in Q3 2018, which shows a growth of 4.3 percent over the estimate of the corresponding quarter in 2017 (QR107.36bn). However, compared to Q2 2018 revised estimate, the real GVA of Non-Mining and Quarrying activities has increased by 4.2 percent.

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