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Posted On: 5 July 2019 11:12 am
Updated On: 5 July 2019 11:36 am

Qatar's GDP growing at annual rate of 1.5 percent in first quarter of 2019

Leena Chung
Leena Chung
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Qatar-GDP

Qatar's nominal GDP (at current prices) grew by 1.5 percent in the first quarter of 2019 compared to the same quarter of 2018, but fell by 6.6 percent from the fourth quarter of last year.

According to a statement issued by the Planning and Statistics Authority estimates of gross domestic product at current prices during the first quarter of this year amounted to QR 168.78 billion compared to QR166.36 billion in the same period last year, down from the value in the fourth quarter of last year estimated at QR 180.74 billion.

At constant prices, GDP grew by 0.9 percent, compared with the same period last year, 2018, recording QR 202.33 billion , but fell by 2.6 percent compared to the estimate of QR 207.75 billion in the fourth quarter of 2018.

Mining and quarrying sector reached QR 60.64 billion (current prices), up 3.6 percent from the same period in 2018, while it fell by 10.2 percent compared to the fourth quarter of the same year.

The contribution of this sector to fixed prices was QR 96.37 billion, up 0.1 percent from the first quarter of last year, but fell by 0.8 percent compared to the fourth quarter of the same year.

Non-mining activities, at current prices, stood at QR 108.15 billion , up 0.3 percent from the first quarter of last year, but fell by 4.5 percent compared to the fourth quarter of the year.

Value added in fixed prices for this sector amounted to QR105.96 billion during the first quarter of 2019, a growth of 1.6 percent compared to the corresponding quarter last year, and a drop of 4.2 percent from the last quarter of 2018.

The Planning and Statistics Authority noted that these estimates were based on data available through the quarterly survey of economic indicators, as well as data from administrative records of different quarters.

Source: QNA