The Gross Domestic Product (GDP) in Qatar contracted 0.30 percent in the second quarter of 2021 over the previous quarter. source: Qatar Statistics Authority

GDP Growth Rate in Qatar averaged 1.93 percent from 2004 until 2021, reaching an all time high of 14.40 percent in the second quarter of 2008 and a record low of -23.20 percent in the fourth quarter of 2008. This page provides - Qatar GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Qatar GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on December of 2021.

GDP 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. In the long-term, the Qatar GDP Growth Rate is projected to trend around 2.00 percent in 2022, according to our econometric models.

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Qatar GDP Growth Rate

Calendar GMT Actual Previous Consensus TEForecast
2021-07-08 10:00 AM Q1 -1.1% -0.5% -0.3%
2021-10-04 03:40 AM Q2 -0.3% -0.8% 0.9%
2021-12-31 10:00 AM Q3 -0.3%

Related Last Previous Unit Reference
GDP Growth Rate -0.30 -1.10 percent Jun/21
GDP Annual Growth Rate 4.00 -2.20 percent Jun/21
Gross Fixed Capital Formation 67876.00 56832.00 QAR Million Jun/21
GDP From Utilities 1419.00 1410.00 QAR Million Jun/21
GDP From Transport 4981.00 5149.00 QAR Million Jun/21
GDP From Services 14211.00 13238.00 QAR Million Jun/21
GDP From Public Administration 13642.00 13279.00 QAR Million Jun/21
GDP From Mining 63146.00 62866.00 QAR Million Jun/21
GDP From Manufacturing 13213.00 12754.00 QAR Million Jun/21
GDP From Construction 19131.00 19396.00 QAR Million Jun/21
GDP From Agriculture 457.00 438.00 QAR Million Jun/21
GDP Constant Prices 161637.00 161660.00 QAR Million Jun/21
Qatar GDP Growth Rate
Qatar is one of the wealthiest countries in the world in terms of GDP per capita. Qatar's economy is highly dependent on oil and gas extraction which accounts for more than 50% of GDP, 85% of export earnings, and 70% of government revenues. Since proven oil and gas reserves are estimated to sustain current production levels only for the medium run, the government has been making efforts to diversify the economy into a sustainable long-term income model. This includes investments in the petrochemical sector, promotion of a business tourism sector and reforms in its financial sector.