The Gross Domestic Product (GDP) in Qatar contracted 0.90 percent in the fourth quarter of 2021 over the previous quarter. source: Qatar Statistics Authority

GDP Growth Rate in Qatar averaged 1.89 percent from 2004 until 2021, reaching an all time high of 14.40 percent in the second quarter of 2008 and a record low of -23.20 percent in the fourth quarter of 2008. This page provides - Qatar GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Qatar GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2022.

GDP Growth Rate in Qatar is expected to be 4.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Qatar GDP Growth Rate is projected to trend around 3.50 percent in 2023 and 4.50 percent in 2024, according to our econometric models.

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Qatar GDP Growth Rate

Calendar GMT Actual Previous Consensus TEForecast
2022-01-12 08:00 AM Q3 4% -0.3% 0.5%
2022-03-31 07:00 AM Q4 -0.9% 4% 3%
2022-07-08 10:00 AM Q1 -0.9%

Related Last Previous Unit Reference
GDP Growth Rate -0.90 4.00 percent Dec 2021
GDP Annual Growth Rate 2.00 2.60 percent Dec 2021
Gross Fixed Capital Formation 67876.00 56832.00 QAR Million Jun 2021
GDP From Utilities 1264.00 1658.00 QAR Million Dec 2021
GDP From Transport 5527.00 5085.00 QAR Million Dec 2021
GDP From Services 15371.00 15790.00 QAR Million Dec 2021
GDP From Public Administration 12831.00 13353.00 QAR Million Dec 2021
GDP From Mining 61253.00 62685.00 QAR Million Dec 2021
GDP From Manufacturing 12905.00 13481.00 QAR Million Dec 2021
GDP From Construction 20469.00 20124.00 QAR Million Dec 2021
GDP From Agriculture 440.00 433.00 QAR Million Dec 2021
GDP Constant Prices 166242.00 168126.00 QAR Million Dec 2021

Qatar GDP Growth Rate
Qatar is one of the wealthiest countries in the world in terms of GDP per capita. Qatar's economy is highly dependent on oil and gas extraction which accounts for more than 50% of GDP, 85% of export earnings, and 70% of government revenues. Since proven oil and gas reserves are estimated to sustain current production levels only for the medium run, the government has been making efforts to diversify the economy into a sustainable long-term income model. This includes investments in the petrochemical sector, promotion of a business tourism sector and reforms in its financial sector.
Actual Previous Highest Lowest Dates Unit Frequency
-0.90 4.00 14.40 -23.20 2004 - 2021 percent Quarterly