Qatar GDP Annual Growth Rate

The gross domestic product of Qatar expanded by 0.9 percent year-on-year in the first quarter of 2019, following a 0.3 percent advance in the previous quarter. Positive contributions to growth came from mining & quarrying (0.1 percent); financial & insurance activities (6.5 percent); manufacturing (1.6 percent); financial & insurance activities (3.8 percent); wholesale & retail trade (0.8 percent); public administration (3.5 percent) and from real estate activities (3.0 percent). On the other hand, negative growth was recorded from construction (-1.2 percent) and information & communication (-2.4 percent). On a quarterly basis, the economy contracted 2.6 percent, following a 1.2 percent decline in Q4. GDP Annual Growth Rate in Qatar averaged 6.19 percent from 2009 until 2019, reaching an all time high of 32.90 percent in the first quarter of 2010 and a record low of -15.30 percent in the second quarter of 2009.

GDP Annual Growth Rate in Qatar is expected to be 2.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Qatar to stand at 2.90 in 12 months time. In the long-term, the Qatar GDP Annual Growth Rate is projected to trend around 3.10 percent in 2020, according to our econometric models.

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Calendar	GMT		Actual	Previous	TEForecast
2018-10-07	11:00 AM	GDP Growth Rate YoY Q2	2.5%	2%	1.9%
2019-01-03	05:00 AM	GDP Growth Rate YoY Q3	2.2%	1.7%	2.5%
2019-03-31	07:45 AM	GDP Growth Rate YoY Q4	0.3%	1.8%	2.2%
2019-07-04	05:00 AM	GDP Growth Rate YoY Q1	0.9%	0.3%	1%
2019-09-27	11:00 AM	GDP Growth Rate YoY Q2		0.9%	2.2%
2019-12-28	12:00 PM	GDP Growth Rate YoY Q3			2.6%

Qatar GDP	Last	Previous	Highest	Lowest	Unit
GDP Growth Rate	-2.60	-1.20	14.40	-23.20	percent	[+]
GDP Annual Growth Rate	0.90	0.30	32.90	-15.30	percent	[+]
GDP	192.01	166.93	206.22	0.30	USD Billion	[+]
Gross Fixed Capital Formation	78618.00	79190.00	79190.00	53360.00	QAR Million	[+]
GDP per capita	63222.10	63632.60	69679.10	60837.50	USD	[+]
GDP per capita PPP	112531.50	113262.20	124024.60	108287.20	USD	[+]
GDP From Agriculture	312.00	292.00	312.00	154.00	QAR Million	[+]
GDP From Construction	22456.00	23528.00	25297.00	7311.00	QAR Million	[+]
GDP From Manufacturing	20511.00	21861.00	22517.00	14798.00	QAR Million	[+]
GDP From Mining	96374.00	97141.00	103445.00	95257.00	QAR Million	[+]
GDP From Public Administration	10920.00	10684.00	12046.00	6990.00	QAR Million	[+]
GDP From Services	14264.00	15481.00	15481.00	7209.00	QAR Million	[+]
GDP From Transport	5026.00	4670.00	5026.00	3100.00	QAR Million	[+]
GDP From Utilities	685.00	788.00	1136.00	319.00	QAR Million	[+]
GDP Constant Prices	202334.00	207753.00	209901.00	190227.00	QAR Million	[+]

As Qatar has vast oil and natural gas reserves, mining is the main driver of the economy, contributing 58 percent of GDP. The second biggest sector is Services which accounts for 28 percent of total output. Within services the most important segments are: finance, insurance, real estate and business services (12 percent); government services (7 percent) and trade, restaurants and hotels (6 percent). The remaining 14 percent is contributed by manufacturing and construction. This page provides the latest reported value for - Qatar GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Qatar GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on September of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	0.90	0.30	32.90	-15.30	2009 - 2019	percent	Quarterly

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Country	Last		Previous	Range
China	6.20	Jun/19	6.4	15.4 : 3.8	%
Indonesia	5.05	Jun/19	5.07	7.16 : 1.56	%
India	5.00	Jun/19	5.8	11.4 : -5.2	%
United States	2.30	Jun/19	2.7	13.4 : -3.9	%
Spain	2.10	Jun/19	2.1	5.4 : -4.3	%
Netherlands	2.00	Jun/19	1.7	6.1 : -4.6	%
South Korea	2.00	Jun/19	1.7	20.8 : -7.3	%
Saudi Arabia	1.70	Mar/19	3.6	24.2 : -20.7	%
Canada	1.60	Jun/19	1.4	9.3 : -4.1	%
Australia	1.40	Jun/19	1.7	9 : -3.4	%
France	1.40	Jun/19	1.3	12.6 : -3.8	%
Euro Area	1.20	Jun/19	1.3	5 : -5.5	%
United Kingdom	1.20	Jun/19	1.8	9.7 : -6.1	%
Brazil	1.00	Jun/19	0.5	10.1 : -5.5	%
Japan	1.00	Jun/19	1	9.4 : -8.8	%
Russia	0.90	Jun/19	0.5	12.1 : -11.2	%
South Africa	0.90	Jun/19	0	7.1 : -2.6	%
Argentina	0.60	Jun/19	-5.8	16.2 : -16.3	%
Germany	0.40	Jun/19	0.9	7.2 : -6.9	%
Switzerland	0.20	Jun/19	1	5.8 : -3.7	%
Singapore	0.10	Jun/19	1.1	18.6 : -7.7	%
Italy	-0.10	Jun/19	-0.1	10.3 : -7.2	%
Mexico	-0.80	Jun/19	1.2	9 : -9.1	%
Turkey	-1.50	Jun/19	-2.4	11.7 : -14.4	%