The economy of Qatar shrank 2.5 percent from a year earlier in the first quarter of 2021, following a 3.9 percent contraction in the previous period. Negative growth was recorded from mining and quarrying activities (-2.3 percent) and non-mining and quarrying sector (-2.7 percent), such as construction (-4.7 percent) and transportation and storage (-20.8 percent). On a quarterly basis, the economy contracted 1.1 percent, after a 0.5 fall in the previous period. source: Qatar Planning and Statistics Authority

GDP Annual Growth Rate in Qatar averaged 4.44 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 September of 2021.

GDP Annual Growth Rate in Qatar is expected to be 2.50 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 4.00 in 12 months time. In the long-term, the Qatar GDP Annual Growth Rate is projected to trend around 2.50 percent in 2022, according to our econometric models.

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Qatar GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
-2.50 -3.90 32.90 -17.20 2009 - 2021 percent Quarterly
2018=100, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-10-14 10:00 AM Q2 -6.1% 0.9% -7.5%
2021-01-20 10:00 AM Q3 -4.5% -6.1% -1.5%
2021-04-01 10:00 AM Q4 -3.9% -4.5% -3.5%
2021-07-08 10:00 AM Q1 -2.5% -3.9% -2.1%
2021-10-06 10:00 AM Q2 -2.5%
2021-12-31 10:00 AM Q3


News Stream
Qatar GDP Shrinks 2.5% in Q1
The economy of Qatar shrank 2.5 percent from a year earlier in the first quarter of 2021, following a 3.9 percent contraction in the previous period. Negative growth was recorded from mining and quarrying activities (-2.3 percent) and non-mining and quarrying sector (-2.7 percent), such as construction (-4.7 percent) and transportation and storage (-20.8 percent). On a quarterly basis, the economy contracted 1.1 percent, after a 0.5 fall in the previous period.
2021-07-08
Qatar GDP Contracts 3.9% in Q4
The economy of Qatar shrank 3.9 percent from a year earlier in the final quarter of 2020, following a 4.5 percent contraction in the previous period. This quarter saw looser restrictions but low energy prices made a dent in mining and quarrying activities, which decreased 3.3 percent. The non-mining and quarrying sector fell 4.2 percent, in which transportation and storage plunged 32.8 percent, construction dropped 4.8 percent, and manufacturing retreated 2.4 percent. On a quarterly basis, the economy edged down by 0.5 percent after a 5.6 percent jump in the previous period.
2021-04-01
Qatar GDP Shrinks 4.5% in Q3
The economy of Qatar shrank 4.5 percent from a year earlier in the third quarter of 2020, following a 6.1 percent decline in the previous period. This quarter saw a loosening of restrictions but low energy prices made a dent in mining and quarrying activities, which decreased 3.6 percent. The non-mining and quarrying sector plunged 5 percent, in which manufacturing plummeted 10.4 percent, construction fell 4.6 percent, wholesale and retail trade down by 2.3 percent. On a quarterly basis, the GDP increased by 5.6 percent after having contracted by 6.4 percent in the previous period.
2021-01-20
Qatar GDP Contracts at Sharp 6.1% YoY in Q2
The economy of Qatar shrank by 6.1 percent from a year earlier in the second quarter of 2020, following a 0.9 percent growth in the previous period. It was the sharpest economic contraction since the first quarter of 2019, amid reduced activity due to Covid-19 containment measures coupled with low energy prices and plunging visitor arrivals. The hardest-hit sectors were transportation & storage (-39.5 percent); accommodation & food services (-38.7 percent); wholesale and retail trade and vehicle repair (-30.4 percent); arts, entertainment & recreation (-11.8 percent) and manufacturing (-11.3 percent). On a quarterly basis, the GDP contracted by 6.4 percent, the most in over a year, after a 1.4 percent decline in the prior period.
2020-10-14

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.