The economy of Qatar shrank 2.5 percent from a year earlier in the first quarter of 2021, following a 3.9 percent contraction in the previous period. Negative growth was recorded from mining and quarrying activities (-2.3 percent) and non-mining and quarrying sector (-2.7 percent), such as construction (-4.7 percent) and transportation and storage (-20.8 percent). On a quarterly basis, the economy contracted 1.1 percent, after a 0.5 fall in the previous period. source: Qatar Planning and Statistics Authority
GDP Annual Growth Rate in Qatar averaged 4.44 percent from 2009 until 2021, reaching an all time high of 32.90 percent in the first quarter of 2010 and a record low of -17.20 percent in the first quarter of 2019. 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 July of 2021.
GDP Annual Growth Rate in Qatar is expected to be 2.50 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 4.00 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.