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.