Qatar Annual GDP Growth Stagnates in Q4 2023

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.

Qatar’s economy grew by 2.9% year-on-year in Q3 2025, accelerating from a 1.9% expansion in the previous period. The pickup was driven by continued strength in non-hydrocarbon activities, which expanded 4.4% and accounted for 65.5% of real GDP, highlighting progress under the Third National Development Strategy and Qatar National Vision 2030. The fastest-growing non-hydrocarbon sectors included construction (+9.1%), wholesale and retail trade (+8.9%), and accommodation and food services (+6.4%), supported by strong domestic demand, increased visitor activity, and ongoing infrastructure and public-sector projects. Overall, 15 of 17 economic activities recorded positive growth, underscoring the resilience and diversification of the economy. Authorities also noted ongoing improvements to GDP measurement, with revisions underway to align national accounts with international standards and a comprehensive update expected by Q1 2026.

Qatar’s economy expanded by 1.9% year-on-year in Q2 2025, following a 3.7% expansion in the previous period. The sustained growth was driven by non-hydrocarbon activities, which rose 3.4% and accounted for 65.6% of GDP, underscoring diversification under the Third National Development Strategy and Qatar National Vision 2030. Strongest gains came from agriculture, forestry and fishing (+15.8%), accommodation and food services (+13.4%), arts, entertainment and recreation (+8.9%), wholesale and retail trade (+8.8%), and construction (+8.7%). In total, 11 of 17 sectors posted positive growth, highlighting broad-based resilience supported by tourism, services, and infrastructure investment. Authorities noted continued improvements in GDP measurement and ongoing revisions to national accounts to align with international standards.