The economy of Qatar shrank by 0.6 percent year-on-year in the fourth quarter of 2019, following a 0.2 percent contraction in the previous period, mainly dragged by a 3.4 percent decline in mining & quarrying activities. Output also fell in information & communication (-9.4 percent); professional, scientific and technical activities; administrative & support service activities (-1.8 percent); manufacturing (-1.5 percent) and construction (-1.8 percent). Conversely, notable growth was recorded in public administration (11 percent); accommodation & food services (14.3 percent); utilities (40.3 percent); transportation & storage (9.4 percent) and financial services (7.3 percent). On a quarterly basis, the GDP decreased by 1.4 percent over the previous period.
GDP Annual Growth Rate in Qatar averaged 5.72 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. 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 June of 2020.
GDP Annual Growth Rate in Qatar is expected to be -2.00 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 3.10 percent in 2021 and 2.50 percent in 2022, according to our econometric models.