Qatar's Quarterly GDP Increases by 20.4 Percent

Doha, January 03 (QNA) - The Gross Domestic Product at current prices (Nominal GDP) increase 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 QR 180.90 billion. This represents an increase of 20.4 percent compared to the estimate of Q3 of 2017 placed at QR 150.19 billion. When compared to previous quarter (Q2 of 2018) revised estimate of QR 170.58 billion, an increase of 6.0 percent is recorded. The quarterly GDP at constant prices (2013=100) in Q3 of 2018 (QR 210.77 billion) shows a growth of 2.2 percent compared to the estimate of Q3 of 2017 (QR 206.29 billion). However, compared to the previous quarter (Q2 of 2018) revised estimate of QR 202.73 billion an increase of 4.0 percent is recorded. This came in the preliminary estimates of Gross Domestic Product (GDP) at current and constant prices for the third quarter (Q3) of 2018, released by the Planning and Statistics Authority (PSA). 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 QR 67.89 billion in Q3 2018, which shows an increase of 43.9 percent over the estimate of Q3 2017 placed at QR 47.18 billion. 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 QR 98.82 billion, which shows a decrease of 0.1 percent over the estimate of Q3 2017 (QR 98.93 billion). 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 QR 113.01 billion in Q3 2018, which shows an increase of 9.7 percent over the estimate of Q3 2017 (QR 103.01 billion). 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 QR 111.96 billion in Q3 2018, which shows a growth of 4.3 percent over the estimate of the corresponding quarter in 2017 (QR 107.36 billion). However, compared to Q2 2018 revised estimate, the real GVA of Non-Mining and Quarrying activities has increased by 4.2 percent. (QNA)