Qatar’s GDP increased 2% in Q4 2021; PSA

By Shilpa Annie Joseph, Desk Reporter
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Qatar’s GDP (Gross Domestic Product) at constant prices showed an increase of 2 percent to $45 billion (QR166.242 billion) in the fourth quarter of 2021 compared to the estimate of $37 billion (QR 136.062 billion) in the same quarter of the previous year, according to the Planning and Statistics Authority (PSA).

As per PSA’s preliminary estimates of gross domestic product (GDP) at current and constant prices for the fourth quarter of 2021, Qatar’s GDP fell by 0.9 percent in the fourth quarter of 2021 when compared to the revised estimate of $46 billion (QR 167.772 billion) in the third quarter of 2021.

The quarterly GDP at current prices in the fourth quarter of 2021 is estimated at $47 billion (QR174.266 billion). This represents an increase of 29.3 percent compared to the estimate of $37 billion (QR134.762 billion) in the fourth quarter of the previous year.

According to the reports, “When compared to the previous quarter of 2021 revised estimate of $48 billion (QR 174.806 billion), a decrease of 0.3 percent is recorded.”

The PSA report showed that “the nominal gross value added (GVA) estimate of mining and quarrying activities is estimated at $17 billion (QR 63.639 billion) in the fourth quarter of 2021, which shows an increase of 63.7 percent over the estimate of the fourth quarter of 2020 placed at $10 billion (QR 38.879 billion).”

The real GVA of these activities is estimated at $18 billion (QR 61.253 billion) in the fourth quarter of 2021, which shows an increase of 1.3 percent compared to the estimate of the fourth quarter of 2020 $16 billion (QR 60.456 billion).

“The nominal GVA of Non-Mining and Quarrying activities showed an increase of 15.4 percent over the estimate of the fourth quarter of 2020. Further, the real GVA of Non-Mining and Quarrying activities showed an increase of 2.3 percent,” as per the report.

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