The Gross Domestic Product (GDP) in Qatar contracted 1.10 percent in the first quarter of 2021 over the previous quarter. source: Qatar Statistics Authority

GDP Growth Rate in Qatar averaged 1.93 percent from 2004 until 2021, 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 August of 2021.

GDP 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 Growth Rate in Qatar to stand at 1.50 in 12 months time. In the long-term, the Qatar GDP Growth Rate is projected to trend around 2.00 percent in 2022, according to our econometric models.

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Qatar GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
-1.10 -0.50 14.40 -23.20 2004 - 2021 percent Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2020-10-14 10:00 AM Q2 -6.4% -1.4% -6.2%
2021-01-20 10:00 AM Q3 5.6% -6.4% 1.5%
2021-04-01 10:00 AM Q4 -0.5% 5.6% 1.5%
2021-07-08 10:00 AM Q1 -1.1% -0.5% -0.3%
2021-09-30 10:00 AM Q2 -1.1%
2021-12-31 10:00 AM Q3

Qatar GDP Last Previous Highest Lowest Unit
GDP Growth Rate -1.10 -0.50 14.40 -23.20 percent [+]
GDP Annual Growth Rate -2.50 -3.90 32.90 -17.20 percent [+]
GDP 146.37 175.84 206.22 0.30 USD Billion [+]
Gross Fixed Capital Formation 58231.00 57090.00 71809.00 46095.00 QAR Million [+]
GDP per capita 59923.96 63281.59 69679.40 59923.96 USD [+]
GDP per capita PPP 85266.21 90043.80 99147.29 85266.21 USD [+]
GDP Constant Prices 161660.00 163003.00 209901.00 155297.00 QAR Million [+]
GDP From Agriculture 438.00 360.00 438.00 154.00 QAR Million [+]
GDP From Construction 19396.00 19520.00 23716.00 7311.00 QAR Million [+]
GDP From Manufacturing 12754.00 13455.00 22839.00 11685.00 QAR Million [+]
GDP From Mining 62866.00 60315.00 103445.00 60315.00 QAR Million [+]
GDP From Public Administration 13279.00 12880.00 13876.00 6990.00 QAR Million [+]
GDP From Services 13238.00 14692.00 16279.00 7209.00 QAR Million [+]
GDP From Transport 5149.00 4762.00 7401.00 3100.00 QAR Million [+]
GDP From Utilities 1410.00 1618.00 2119.00 319.00 QAR Million [+]


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.