The Qatar economy expanded 4 percent year-on-year in the second quarter of 2021, rebounding sharply from a downwardly revised 2.2 percent contraction in the previous period. It was the first expansion in the economy since the first quarter of 2020, mainly boosted by a 6.2 percent growth in non-mining and quarrying sector, such as accommodation and food service activities (41.0 percent), transportation and storage (26.9 percent), wholesale and retail trade, repair of motor vehicles and motorcycles (26.1 percent), and manufacturing (13.4 percent). At the same time, mining and quarrying activities grew 0.7 percent. On a quarterly basis, the economy shrank 0.3 percent, following a downwardly revised 0.8 contraction 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 October of 2021.
GDP Annual Growth Rate in Qatar is expected to be 3.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Qatar GDP Annual Growth Rate is projected to trend around 2.50 percent in 2022, according to our econometric models.