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. GDP Annual Growth Rate in Qatar averaged 6.49 percent from 2009 until 2018, 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 2.20 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 2.80 in 12 months time. In the long-term, the Qatar GDP Annual Growth Rate is projected to trend around 3.10 percent in 2020, according to our econometric models.

Qatar GDP Annual Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-07-01 11:00 AM GDP Growth Rate YoY 1.4% 1.8% 2.5%
2018-10-07 11:00 AM GDP Growth Rate YoY 2.5% 2% 1.9%
2019-01-03 05:00 AM GDP Growth Rate YoY 2.2% 1.7% 2.5%
2019-03-31 07:45 AM GDP Growth Rate YoY 0.3% 1.8% 2.2%
2019-07-01 11:00 AM GDP Growth Rate YoY 0.3% 1%
2019-10-07 11:00 AM GDP Growth Rate YoY 2.2%
2019-12-28 12:00 PM GDP Growth Rate YoY 2.6%


Qatar GDP Last Previous Highest Lowest Unit
GDP Growth Rate -1.20 3.50 14.40 -23.20 percent [+]
GDP Annual Growth Rate 0.30 1.80 32.90 -15.30 percent [+]
GDP 167.61 152.45 206.22 0.30 USD Billion [+]
Gross Fixed Capital Formation 78618.00 79190.00 79190.00 53360.00 QAR Million [+]
GDP per capita 65696.39 66410.80 72671.00 60460.40 USD [+]
GDP per capita PPP 116935.60 118207.10 129349.90 107615.90 USD [+]
GDP From Agriculture 292.00 299.00 303.00 154.00 QAR Million [+]
GDP From Construction 21998.00 25297.00 25297.00 7311.00 QAR Million [+]
GDP From Manufacturing 21998.00 22074.00 22517.00 14798.00 QAR Million [+]
GDP From Mining 95312.00 98815.00 103445.00 94349.00 QAR Million [+]
GDP From Public Administration 10684.00 10851.00 12046.00 6990.00 QAR Million [+]
GDP From Services 15456.00 15041.00 15456.00 7209.00 QAR Million [+]
GDP From Transport 4588.00 4807.00 4807.00 3100.00 QAR Million [+]
GDP From Utilities 818.00 999.00 1136.00 319.00 QAR Million [+]
GDP Constant Prices 207446.00 209901.00 209901.00 190227.00 QAR Million [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.30 1.80 32.90 -15.30 2009 - 2018 percent Quarterly




Country Last Previous
China 6.40 Mar/19
India 5.80 Mar/19
Indonesia 5.07 Mar/19
Saudi Arabia 3.60 Dec/18
United States 3.20 Mar/19
Spain 2.40 Mar/19
Australia 1.80 Mar/19
United Kingdom 1.80 Mar/19
Netherlands 1.70 Mar/19
South Korea 1.70 Mar/19
Switzerland 1.70 Mar/19
Canada 1.30 Mar/19
Euro Area 1.20 Mar/19
France 1.20 Mar/19
Mexico 1.20 Mar/19
Singapore 1.20 Mar/19
Japan 0.90 Mar/19
Germany 0.70 Mar/19
Brazil 0.50 Mar/19
Russia 0.50 Mar/19
South Africa 0.00 Mar/19
Italy -0.10 Mar/19
Turkey -2.60 Mar/19
Argentina -5.80 Mar/19


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