Nominal GDP Grows 17 percent in Q2

Doha, October 07 (QNA) - The Ministry of Development Planning and Statistics (MDPS) have released the preliminary estimates of Gross Domestic Product (GDP) at current and constant prices for the second quarter (Q2) of 2018. The Gross Domestic Product at current prices (Nominal GDP) increase by 17.9 percent in the second quarter of 2018 over the second quarter of 2017. The Gross Domestic Product at constant prices (Real GDP, 2013=100) increase by 2.5 percent year-on-year. The quarterly GDP at current prices in Q2 of 2018 is estimated at QR 171.51 billion, which represents an increase of 17.9 percent compared to the estimate of Q2 of 2017 placed at QR 145.50 billion. When compared to previous quarter (Q1 of 2018) revised estimate of QR 167.11 billion, an increase of 2.6 percent is recorded. The quarterly GDP at constant prices (2013=100) in Q2 of 2018 (QR 204.36 billion) shows a growth of 2.5 percent compared to the estimate of Q2 of 2017 (QR 199.30 billion). However, compared to the previous quarter (Q1 of 2018) revised estimate of QR 200.36 billion an increase of 2.0 percent is recorded. The nominal Gross Value Added (GVA) estimate of Mining and Quarrying activities is estimated at QR 62.83 billion in Q2 2018, which shows an increase of 36.6 percent over the estimate of Q2 2017 placed at QR 45.99 billion. Compared to the previous quarter (Q1 of 2018) revised estimate, there has been an increase of 9.5 percent in the GVA of this sector. The real GVA of these activities in Q2 2018 is estimated at QR 98.00 billion, which shows a decrease of 1.1 percent over the estimate of Q2 2017 (QR 99.06 billion). However, compared to Q1 2018 revised estimate, there has been an increase of 3.9 percent in the real GVA of this sector. The nominal GVA estimate of Non-Mining and Quarrying activities is estimated at QR 108.68 billion in Q2 2018, which shows an increase of 9.2 percent over the estimate of Q2 2017 (QR 99.52 billion). Compared to the previous quarter (Q1 of 2018) revised estimate, a decrease of 1.0 percent has been recorded. The real GVA of these activities totaled QR 106.36 billion in Q2 2018, which shows a growth of 6.1 percent over the estimate of the corresponding quarter in 2017 (QR 100.24 billion). However, compared to Q1 2018 revised estimate, the real GVA of Non-Mining and Quarrying activities has increased by 0.3 percent. (QNA)