The economy of Qatar expanded by 2.5 percent year-on-year in the second quarter of 2018, following an upwardly revised 2 percent advance in the previous quarter. Positive contributions to growth came from manufacturing (14.1 percent); construction (15.3 percent); financial and insurance activities (1.3 percent) and public administration; compulsory social security (2.5 percent). On the other hand, negative growth was recorded from mining & quarrying (-1.1 percent) and wholesale and retail trade; repair of motor vehicles and motorcycles (-2.7 percent). On a quarterly basis, gross domestic product advanced 2 percent, after a downwardly revised 3.1 percent contraction in the first quarter. GDP Annual Growth Rate in Qatar averaged 6.67 percent from 2009 until 2018, reaching an all time high of 32.90 percent in the first quarter of 2010 and a record low of -15.30 percent in the second quarter of 2009.
GDP Annual Growth Rate in Qatar is expected to be 2.20 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 2.60 in 12 months time. In the long-term, the Qatar GDP Annual Growth Rate is projected to trend around 3.00 percent in 2020, according to our econometric models.