The economy of Qatar shrank 4.5 percent from a year earlier in the third quarter of 2020, following a 6.1 percent decline in the previous period. This quarter saw a loosening of restrictions but low energy prices made a dent in mining and quarrying activities, which decreased 3.6 percent. The non-mining and quarrying sector plunged 5 percent, in which manufacturing plummeted 10.4 percent, construction fell 4.6 percent, wholesale and retail trade down by 2.3 percent. On a quarterly basis, the GDP increased by 5.6 percent after having contracted by 6.4 percent in the previous period. source: Qatar Planning and Statistics Authority
GDP Annual Growth Rate in Qatar averaged 5.36 percent from 2009 until 2020, 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. 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 - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.
GDP Annual Growth Rate in Qatar is expected to be 3.00 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 2.00 in 12 months time. In the long-term, the Qatar GDP Annual Growth Rate is projected to trend around 2.50 percent in 2022, according to our econometric models.