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.

Qatar GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2017-12-29 12:00 PM GDP Growth Rate YoY 1.9% 0.3% 0.1%
2018-03-29 10:30 AM GDP Growth Rate YoY 1.8% 1.9% 2.5%
2018-07-01 11:00 AM GDP Growth Rate YoY 1.4% 1.8% 2.5%
2018-10-07 11:00 AM GDP Growth Rate YoY 2.5% 2% 1.9%
2018-12-28 12:00 PM GDP Growth Rate YoY 2.5% 2.5%
2019-03-29 10:30 AM GDP Growth Rate YoY 2.20%
2019-07-01 11:00 AM GDP Growth Rate YoY 2.70%


Qatar GDP Last Previous Highest Lowest Unit
GDP Growth Rate 2.00 -3.10 14.40 -23.20 percent [+]
GDP Annual Growth Rate 2.50 2.00 32.90 -15.30 percent [+]
GDP 167.61 152.45 206.22 0.30 USD Billion [+]
Gross Fixed Capital Formation 65090.00 57778.00 72260.00 53360.00 QAR Million [+]
GDP per capita 65696.39 66410.80 72671.00 60460.40 USD [+]
GDP per capita PPP 116935.60 118207.10 129349.90 107615.90 USD [+]
GDP From Agriculture 303.00 302.00 303.00 154.00 QAR Million [+]
GDP From Construction 23768.00 24499.00 24499.00 7311.00 QAR Million [+]
GDP From Manufacturing 20872.00 20194.00 22386.00 14798.00 QAR Million [+]
GDP From Mining 98002.00 94349.00 103445.00 94349.00 QAR Million [+]
GDP From Public Administration 10838.00 10547.00 12181.00 6990.00 QAR Million [+]
GDP From Services 13882.00 13739.00 14875.00 7209.00 QAR Million [+]
GDP From Transport 4563.00 4775.00 4775.00 3100.00 QAR Million [+]
GDP From Utilities 864.00 695.00 1136.00 319.00 QAR Million [+]
GDP Constant Prices 204365.00 200357.00 209002.00 190227.00 QAR Million [+]


Qatar GDP Annual Growth Rate

As Qatar has vast oil and natural gas reserves, mining is the main driver of the economy, contributing 58 percent of GDP. The second biggest sector is Services which accounts for 28 percent of total output. Within services the most important segments are: finance, insurance, real estate and business services (12 percent); government services (7 percent) and trade, restaurants and hotels (6 percent). The remaining 14 percent is contributed by manufacturing and construction. 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 - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.50 2.00 32.90 -15.30 2009 - 2018 percent Quarterly




Country Last Previous
India 7.10 Sep/18
China 6.50 Sep/18
Indonesia 5.17 Sep/18
United States 3.00 Sep/18
Australia 2.80 Sep/18
Mexico 2.50 Sep/18
Spain 2.50 Sep/18
Netherlands 2.40 Sep/18
Switzerland 2.40 Sep/18
Singapore 2.20 Sep/18
South Korea 2.00 Sep/18
Canada 1.90 Jun/18
Saudi Arabia 1.61 Jun/18
Euro Area 1.60 Sep/18
Turkey 1.60 Sep/18
United Kingdom 1.50 Sep/18
France 1.40 Sep/18
Brazil 1.30 Sep/18
Russia 1.30 Sep/18
Germany 1.10 Sep/18
South Africa 1.10 Sep/18
Italy 0.70 Sep/18
Japan 0.00 Sep/18
Argentina -4.20 Jun/18


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