Qatar’s Planning and Statistics Authority (PSA) has revealed that the country’s preliminary estimates of Gross Domestic Product (GDP) for the first quarter of 2020 are estimated at $45.96 billion.
The preliminary estimates of GDP which are calculated at constant prices assumption from the year 2018 (2018=100) represent a rise of 0.9 percent in the measure compared to the revised estimate of Q1 of 2019 and a drop of 1.4 percent compared to Q4 of 2019 which stood at $46.59 billion.
Qatar’s Q1 2020 quarterly GDP at current prices decreased by 5.5 percent to reach $42.23 billion when compared to the revised estimate of Q1 of 2019 of $44.69 billion while just a 3.7 percent drop was observed when compared to the previous quarter (Q4 of 2019) of $43.85 billion.
The nominal Gross Value Added (GVA) estimate of Mining and Quarrying activities decreased 15.5 percent to touch $14.24 billion in Q1 2020 when compared to the revised estimate of Q1 2019 of $16.86 billion. A similar comparison with the previous quarter (Q4 of 2019) revised estimate showed a decrease of 5.4 percent in the GVA of this sector.
The real GVA of these activities remains virtually unchanged at $17.63 billion in Q1 2020 in comparison to the revised estimate of Q1 2019 ($17.63 billion). While a comparison to Q4 2019 revised estimate showed an increase of 2.9 percent in the real GVA of this sector.
The nominal GVA estimate of Non-Mining and Quarrying activities is at $28 billion in Q1 2020, which exhibits an improvement of 0.6 percent over the revised estimate of Q1 2019 ($27.83 billion). Compared to the previous quarter (Q4 of 2019) revised estimate, a decrease of 2.8 percent has been recorded.
The real GVA of these activities increased 1.4 percent to total at $28.33 billion in Q1 2020, when compared to the revised estimate of the corresponding quarter Q1 2019 ($27.94 billion). However, in comparison to the Q4 2019 revised estimate showed a 3.8 percent decrease in the real GVA of Non-Mining and Quarrying activities.
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