Qatar’s economy shrank by 15.7% year-on-year in Q2 2026, following a 7.0% contraction in Q1 and marking the sharpest economic decline since Q1 2019. This was mainly driven by a sharp contraction in mining and quarrying activities, which accounted for 20.1% of GDP and fell 50.7% annually, while non-mining and quarrying activities, representing 79.9% of GDP, expanded 2.6%. Within non-mining sectors, the fastest-growing activities included real estate activities (+11.0%), human health and social work activities (+10.2%), and financial and insurance activities (+8.3%). Meanwhile, GDP at current prices declined 11.6% year-on-year to QAR 170.5 billion from QAR 192.9 billion a year earlier. On a quarterly basis, GDP shrank by 10.3%. source: National Planning Council, State of Qatar

The Gross Domestic Product (GDP) in Qatar contracted 15.70 percent in the second quarter of 2026 over the same quarter of the previous year. GDP Annual Growth Rate in Qatar averaged 3.58 percent from 2009 until 2026, 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 2026.

The Gross Domestic Product (GDP) in Qatar contracted 15.70 percent in the second quarter of 2026 over the same quarter of the previous year. GDP Annual Growth Rate in Qatar is expected to be -8.00 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 4.00 percent in 2027 and 3.00 percent in 2028, according to our econometric models.



Related Last Previous Unit Reference
GDP 215.56 216.29 USD Billion Dec 2025
GDP Growth Rate YoY -15.70 -7.00 percent Jun 2026
GDP Constant Prices 153248.00 170759.00 QAR Million Jun 2026
GDP from Agriculture 576.00 574.00 QAR Million Jun 2026
GDP from Construction 22614.00 23537.00 QAR Million Jun 2026
GDP from Manufacturing 11668.00 12337.00 QAR Million Jun 2026
GDP from Mining 30857.00 48999.00 QAR Million Jun 2026
GDP from Public Administration 15420.00 15092.00 QAR Million Jun 2026
GDP from Services 17617.00 16897.00 QAR Million Jun 2026
GDP from Transport 7399.00 6412.00 QAR Million Jun 2026
GDP from Utilities 3367.00 2550.00 QAR Million Jun 2026
GDP Growth Rate -10.30 -7.90 percent Jun 2026
GDP per Capita 61734.69 62395.31 USD Dec 2025
GDP per Capita PPP 110135.70 111314.25 USD Dec 2025


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.
Actual Previous Highest Lowest Dates Unit Frequency
-15.70 -7.00 32.90 -17.20 2009 - 2026 percent Quarterly
2018=100, NSA

News Stream
Qatar’s Economy Shrinks Most Since 2019
Qatar’s economy shrank by 15.7% year-on-year in Q2 2026, following a 7.0% contraction in Q1 and marking the sharpest economic decline since Q1 2019. This was mainly driven by a sharp contraction in mining and quarrying activities, which accounted for 20.1% of GDP and fell 50.7% annually, while non-mining and quarrying activities, representing 79.9% of GDP, expanded 2.6%. Within non-mining sectors, the fastest-growing activities included real estate activities (+11.0%), human health and social work activities (+10.2%), and financial and insurance activities (+8.3%). Meanwhile, GDP at current prices declined 11.6% year-on-year to QAR 170.5 billion from QAR 192.9 billion a year earlier. On a quarterly basis, GDP shrank by 10.3%.
2026-09-30
Qatar’s Economy Contracts for First Time in 5 Years
Qatar’s economy shrank by 7.0% year-on-year in Q1 2026, following a 2.0% expansion in Q4 2025 and marking the first contraction since Q1 2021. This was mainly driven by a steep contraction in mining and quarrying activities, which accounted for 28.7% of GDP and fell 25.8% annually, while non-mining and quarrying activities, representing 71.3% of GDP, expanded 3.5%. Within non-mining sectors, the fastest-growing activities included accommodation and food services (+12.0%), wholesale and retail trade; repair of motor vehicles and motorcycles (+9.0%), and electricity, gas, steam and air conditioning supply, alongside water supply, sewerage, waste management and remediation activities (+9.0%). The figures highlight continued resilience in non-mining sectors despite a sharp downturn in mining and quarrying, underscoring ongoing efforts to diversify Qatar’s economy and strengthen non-hydrocarbon activity. On a quarterly basis, GDP contracted by 7.9%.
2026-08-31
Qatar GDP Expands 2% in Q4
Qatar’s economy expanded by 2% year-on-year in Q4 2025, slowing from a 2.9% growth in the previous period. The moderation was driven by a contraction in mining and quarrying activities, which accounted for 33.8% of GDP and declined 2.4% annually, while non-mining and quarrying activities, representing 66.2% of GDP, rose 4.5%. Within non-mining sectors, the fastest-growing activities included accommodation and food services (+12.8%), construction (+12.6%), and transportation and storage (+10.6%), supported by strong domestic demand, visitor activity, and ongoing infrastructure and public-sector projects. The performance underscores continued progress in diversifying the economy and strengthening non-hydrocarbon sectors, in line with the Third National Development Strategy and Qatar National Vision 2030. On a quarterly basis, Qatar’s GDP contracted by 0.4%, following a 2.3% expansion in the prior period.
2026-04-01