The Gross Domestic Product (GDP) in Qatar expanded 3.60 percent in the second quarter of 2022 over the previous quarter, the first expansion in the GDP since the third quarter 2021. source: Qatar Statistics Authority

GDP Growth Rate in Qatar averaged 1.88 percent from 2004 until 2022, 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 December 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
2022-07-05 05:10 AM Q1 -0.3% -0.9% 1.1%
2022-10-03 03:00 AM Q2 3.6% -0.3% 0.7%
2022-12-30 10:00 AM Q3 3.6%

Related Last Previous Unit Reference
GDP Growth Rate 3.60 -0.30 percent Jun 2022
GDP Annual Growth Rate 6.30 2.50 percent Jun 2022
Gross Fixed Capital Formation 69948.00 51784.00 QAR Million Mar 2022
GDP from Utilities 1438.00 1211.00 QAR Million Jun 2022
GDP from Transport 6093.00 6368.00 QAR Million Jun 2022
GDP from Services 13484.00 13129.00 QAR Million Jun 2022
GDP from Public Administration 13848.00 13384.00 QAR Million Jun 2022
GDP from Mining 63884.00 61732.00 QAR Million Jun 2022
GDP from Manufacturing 14029.00 12264.00 QAR Million Jun 2022
GDP from Construction 22751.00 21497.00 QAR Million Jun 2022
GDP from Agriculture 486.00 482.00 QAR Million Jun 2022
GDP Constant Prices 171974.00 165931.00 QAR Million Jun 2022

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
3.60 -0.30 14.40 -23.20 2004 - 2022 percent Quarterly