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Posted On: 21 August 2011 10:06 am
Updated On: 12 November 2020 02:11 pm

Qatar’s nominal GDP jumps 28.4pc on gas exports

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Strong oil prices allied with higher gas exports boosted Qatar’s nominal GDP by nearly 28.4 percent in the first quarter of 2011 while real GDP expanded by around 16 percent, according to government data. From about QR110.4bn in the first quarter of 2010, GDP in current prices swelled to nearly QR141.8bn in the first quarter of 2011, the Qatar Statistics Authority said in its latest quarterly brief. Compared with the fourth quarter of 2010, GDP grew by around 12.2 percent from QR126.4bn, the report showed. A breakdown showed the hydrocarbon sector rocketed by nearly 44.2 percent to QR81.1 bn from QR56.2bn, the figures showed. The manufacturing sector widened by 19.7 percent to QR14.1bn.