The Gross Domestic Product (GDP) in Qatar contracted 1.40 percent in the first quarter of 2020 over the previous quarter. source: Qatar Statistics Authority

GDP Growth Rate in Qatar averaged 2.37 percent from 2004 until 2020, reaching an all time high of 14.40 percent in the second quarter of 2008 and a record low of -23.20 percent in the fourth quarter of 2008. This page provides - Qatar GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Qatar GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on November of 2020.

GDP Growth Rate in Qatar is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Qatar to stand at 3.50 in 12 months time. In the long-term, the Qatar GDP Growth Rate is projected to trend around 2.20 percent in 2021 and 1.40 percent in 2022, according to our econometric models.

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Qatar GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
-6.40 -1.40 14.40 -23.20 2004 - 2020 percent Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2019-10-01 06:00 AM Q2 -0.9% -2.6% 1%
2020-04-08 12:25 PM Q4 -1.4% 4.7% 1.3%
2020-07-31 12:00 AM Q1 -1.4% -1.4% -1.8%
2020-10-14 10:00 AM Q2 -6.4% -1.4% -6.2%
2020-12-31 07:00 AM Q3 -6.4% 1.5%
2021-04-08 12:25 PM Q4
2021-07-31 12:00 AM Q1
2021-10-14 10:00 AM Q2

Qatar GDP Last Previous Highest Lowest Unit
GDP Growth Rate -6.40 -1.40 14.40 -23.20 percent [+]
GDP Annual Growth Rate -6.10 0.90 32.90 -17.20 percent [+]
GDP 183.47 191.36 206.22 0.30 USD Billion [+]
Gross Fixed Capital Formation 76687.00 74582.00 79190.00 53360.00 QAR Million [+]
GDP per capita 62021.10 63260.60 69679.10 60837.50 USD [+]
GDP per capita PPP 92651.10 94502.70 104091.10 90883.00 USD [+]
GDP Constant Prices 155196.00 165823.00 209901.00 155196.00 QAR Million [+]
GDP From Agriculture 390.00 394.00 394.00 154.00 QAR Million [+]
GDP From Construction 18784.00 20328.00 23716.00 7311.00 QAR Million [+]
GDP From Manufacturing 11685.00 12664.00 22839.00 11685.00 QAR Million [+]
GDP From Mining 62600.00 64178.00 103445.00 62600.00 QAR Million [+]
GDP From Public Administration 13876.00 13572.00 13876.00 6990.00 QAR Million [+]
GDP From Services 12749.00 12263.00 16279.00 7209.00 QAR Million [+]
GDP From Transport 4241.00 7401.00 7401.00 3100.00 QAR Million [+]
GDP From Utilities 1747.00 1437.00 1747.00 319.00 QAR Million [+]


Qatar GDP Growth Rate
Qatar is one of the wealthiest countries in the world in terms of GDP per capita. Qatar's economy is highly dependent on oil and gas extraction which accounts for more than 50% of GDP, 85% of export earnings, and 70% of government revenues. Since proven oil and gas reserves are estimated to sustain current production levels only for the medium run, the government has been making efforts to diversify the economy into a sustainable long-term income model. This includes investments in the petrochemical sector, promotion of a business tourism sector and reforms in its financial sector.