The economy of Qatar shrank 3.9 percent from a year earlier in the final quarter of 2020, following a 4.5 percent contraction in the previous period. This quarter saw looser restrictions but low energy prices made a dent in mining and quarrying activities, which decreased 3.3 percent. The non-mining and quarrying sector fell 4.2 percent, in which transportation and storage plunged 32.8 percent, construction dropped 4.8 percent, and manufacturing retreated 2.4 percent. On a quarterly basis, the economy edged down by 0.5 percent after a 5.6 percent jump in the previous period. source: Qatar Planning and Statistics Authority
GDP Annual Growth Rate in Qatar averaged 4.58 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 -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 April of 2021.
GDP Annual Growth Rate in Qatar is expected to be 5.50 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 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.