The gross domestic product of Qatar shrank 1.4 percent year-on-year in the second quarter of 2019, following a 0.9 percent gain in the previous period and marking the first contraction since the third quarter of 2009. Negative growth was recorded from mining & quarrying (-1.9 percent), manufacturing (-7.4 percent), construction (-3.5 percent) and wholesale & retail trade. On the other hand, positive contributions to growth came from financial and insurance activities (3.4 percent) and public administration (2.7 percent). On a quarterly basis, the economy shrank 0.9 percent, after a 2.6 percent drop in the previous quarter. GDP Annual Growth Rate in Qatar averaged 6.01 percent from 2009 until 2019, reaching an all time high of 32.90 percent in the first quarter of 2010 and a record low of -15.30 percent in the second quarter of 2009.

GDP Annual Growth Rate in Qatar is expected to be 2.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Qatar to stand at 3.00 in 12 months time. In the long-term, the Qatar GDP Annual Growth Rate is projected to trend around 2.50 percent in 2020, according to our econometric models.

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Qatar GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
-1.40 0.90 32.90 -15.30 2009 - 2019 percent Quarterly



Calendar GMT Actual Previous Consensus TEForecast
2019-01-03 05:00 AM GDP Growth Rate YoY Q3 2.2% 1.7% 2.5%
2019-03-31 07:45 AM GDP Growth Rate YoY Q4 0.3% 1.8% 2.2%
2019-07-04 05:00 AM GDP Growth Rate YoY Q1 0.9% 0.3% 1%
2019-10-01 06:00 AM GDP Growth Rate YoY Q2 -1.4% 0.9% 2.2%
2020-01-22 07:00 AM GDP Growth Rate YoY Q3 -1.4% 0.5%


News Stream
2019-03-31
Qatar Q4 GDP Growth Weakest in Over 9 Years
The gross domestic product of Qatar expanded by 0.3 percent year-on-year in the fourth quarter of 2018, following a downwardly revised 1.8 percent advance in the previous quarter. It was the weakest pace of expansion since the third quarter of 2009, when the GDP contracted by 15.3 percent. Positive contributions to growth came from construction (7.2 percent); financial & insurance activities (3.9 percent); public administration; compulsory social security (3.0 percent); real estate activities (2.8 percent); and professional, scientific & technical activities; administrative & support activities (0.9 percent).On the other hand, negative growth was recorded from mining & quarrying (-2.0 percent); manufacturing (-1.7 percent); and wholesale & retail trade; repair of motor vehicles & motorcycles (-0.2 percent). On a quarterly basis, the economy shrank 1.2 percent, after a downwardly revised 3.5 percent growth in Q3.


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.

Qatar GDP Last Previous Highest Lowest Unit
GDP Growth Rate -0.90 -2.60 14.40 -23.20 percent [+]
GDP Annual Growth Rate -1.40 0.90 32.90 -15.30 percent [+]
GDP 192.01 166.93 206.22 0.30 USD Billion [+]
Gross Fixed Capital Formation 71809.00 78618.00 79190.00 53360.00 QAR Million [+]
GDP per capita 63222.10 63632.60 69679.10 60837.50 USD [+]
GDP per capita PPP 112531.50 113262.20 124024.60 108287.20 USD [+]
GDP From Agriculture 308.00 312.00 312.00 154.00 QAR Million [+]
GDP From Construction 21450.00 22456.00 25297.00 7311.00 QAR Million [+]
GDP From Manufacturing 20446.00 20511.00 22517.00 14798.00 QAR Million [+]
GDP From Mining 95278.00 96374.00 103445.00 95257.00 QAR Million [+]
GDP From Public Administration 11128.00 10920.00 12046.00 6990.00 QAR Million [+]
GDP From Services 14419.00 14264.00 15481.00 7209.00 QAR Million [+]
GDP From Transport 4871.00 5026.00 5026.00 3100.00 QAR Million [+]
GDP From Utilities 1122.00 721.00 1136.00 319.00 QAR Million [+]
GDP Constant Prices 200205.00 202123.00 209901.00 190227.00 QAR Million [+]