The economy of Qatar advanced by 2% year-on-year in the fourth quarter of 2021, following a 2.6% growth in the previous three-month period. It was the third consecutive quarter of expansion after a pandemic-induced recession, as the rollback of Covid-19 restrictions boosted the non-mining and quarrying sector (2.3 percent). Main positive contributions came from transportation & storage (25.6%); information and communication (16.2%); accommodation and food service activities (12.9%) and professional, scientific and technical activities; administrative and support service activities (7.8%). At the same time, mining and quarrying activities advanced by 1.3%. On a quarterly basis, the GDP shrank 0.9%. source: Qatar Planning and Statistics Authority

GDP Annual Growth Rate in Qatar averaged 4.35 percent from 2009 until 2021, 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 July of 2022.

GDP Annual Growth Rate in Qatar is expected to be 2.60 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 2023 and 4.60 percent in 2024, according to our econometric models.

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Qatar GDP Annual Growth Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-01-12 08:00 AM Q3 2.6% 4% 3.5%
2022-03-31 07:00 AM Q4 2% 2.6% 3.6%
2022-07-08 10:00 AM Q1 2% 3.7%


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

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
2.00 2.60 32.90 -17.20 2009 - 2021 percent Quarterly
2018=100, NSA

News Stream
Qatar Economic Recovery Continues in Q4
The economy of Qatar advanced by 2% year-on-year in the fourth quarter of 2021, following a 2.6% growth in the previous three-month period. It was the third consecutive quarter of expansion after a pandemic-induced recession, as the rollback of Covid-19 restrictions boosted the non-mining and quarrying sector (2.3 percent). Main positive contributions came from transportation & storage (25.6%); information and communication (16.2%); accommodation and food service activities (12.9%) and professional, scientific and technical activities; administrative and support service activities (7.8%). At the same time, mining and quarrying activities advanced by 1.3%. On a quarterly basis, the GDP shrank 0.9%.
2022-03-31
Qatar's Economic Expansion Continues in Q3
The economy of Qatar advanced by 2.6 percent year-on-year in the third quarter of 2021, following a 4 percent growth in the previous three-month period. It was the second consecutive quarter of expansion after a pandemic-induced recession, mainly boosted by a 4.7 percent growth in the non-mining and quarrying sector such as accommodation and food service activities (29.8 percent), transportation and storage (29.7 percent), financial and insurance activities (9.9 percent), manufacturing (6.1 percent) and construction (4.8 percent). Conversely, mining and quarrying activities shrank 0.7 percent. On a quarterly basis, the economy expanded by 4 percent, following a 0.3 percent contraction in the previous quarter.
2022-01-12
Qatar GDP Grows for 1st Time in 5 Quarters
The Qatar economy expanded 4 percent year-on-year in the second quarter of 2021, rebounding sharply from a downwardly revised 2.2 percent contraction in the previous period. It was the first expansion in the economy since the first quarter of 2020, mainly boosted by a 6.2 percent growth in non-mining and quarrying sector, such as accommodation and food service activities (41.0 percent), transportation and storage (26.9 percent), wholesale and retail trade, repair of motor vehicles and motorcycles (26.1 percent), and manufacturing (13.4 percent). At the same time, mining and quarrying activities grew 0.7 percent. On a quarterly basis, the economy shrank 0.3 percent, following a downwardly revised 0.8 contraction in the previous period.
2021-10-04