The Gross Domestic Product (GDP) in Qatar contracted 0.90 percent in the second quarter of 2019 over the previous quarter. Qatar GDP Growth Rate - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

GDP Growth Rate in Qatar averaged 2.46 percent from 2004 until 2019, 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.

GDP Growth Rate in Qatar is expected to be 1.10 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 1.50 in 12 months time. In the long-term, the Qatar GDP Growth Rate is projected to trend around 1.40 percent in 2021, according to our econometric models.

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Qatar GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
-0.90 -2.60 14.40 -23.20 2004 - 2019 percent Quarterly

Calendar GMT Actual Previous Consensus TEForecast
2019-01-03 05:00 AM Q3 4% 1.2% 2.2%
2019-03-31 07:45 AM Q4 -1.2% 3.5% 0.4%
2019-07-04 05:00 AM Q1 -2.6% -1.2% 1.5%
2019-10-01 06:00 AM Q2 -0.9% -2.6% 1%
2020-02-21 07:00 AM Q3 -0.9% 1.1%
2020-03-31 07:00 AM Q4 1.3%
2020-07-04 07:00 AM Q1 1.1%
2020-10-01 07:00 AM Q2 1.3%

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.