The Gross Domestic Product (GDP) in Qatar shrank 1.2 percent on quarter in the three months to December of 2018, after a downwardly revised 3.5 percent expansion in the previous three month period. This was the first contraction in economy since the first quarter of 2018. GDP Growth Rate in Qatar averaged 2.69 percent from 2004 until 2018, 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.
GDP Growth Rate in Qatar is expected to be 1.00 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 1.10 in 12 months time. In the long-term, the Qatar GDP Growth Rate is projected to trend around 1.40 percent in 2020, according to our econometric models.