Qatar GDP Growth Rate

The Gross Domestic Product (GDP) in Qatar expanded 0.60 percent in the fourth quarter of 2013 over the previous quarter. GDP Growth Rate in Qatar is reported by the Qatar Statistics Authority. GDP Growth Rate in Qatar averaged 3.93 Percent from 2004 until 2013, 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. 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. This page provides - Qatar GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-20

Actual Previous Highest Lowest Forecast Dates Unit Frequency
0.60 3.40 14.40 -23.20 2.41 | 2013/12 2004 - 2013 Percent Quarterly

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Qatar GDP Growth Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-06-30 10:20 AM Qatar
GDP Growth Rate QoQ
Q1 2013 1.6% 0.1% 1.89%
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GDP Last Previous Highest Lowest Forecast Unit
GDP 183.38 2012-12-31 172.98 183.38 0.30 220.65 2013-12-31 USD Billion [+]
GDP Growth Rate 0.60 2013-12-31 3.40 14.40 -23.20 2.41 2013-12-31 Percent [+]
GDP Annual Growth Rate 5.60 2013-12-31 6.90 32.90 -15.30 4.35 2013-12-31 Percent [+]
Gross Fixed Capital Formation 1188481.00 2013-02-15 1297042.00 1331454.00 907985.00 1283793.15 2013-12-31 QAR Million [+]
GDP per capita 57558.72 2011-12-31 52913.47 57558.72 48667.20 57810.67 2012-12-31 USD [+]
GDP per capita PPP 76319.47 2011-12-31 70160.15 76319.47 64529.85 76653.54 2012-12-31 USD [+]
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GDP Growth Rate | Notes
The GDP Growth Rate shows a percentage change in the seasonally adjusted GDP value in the certain quarter, compared to the previous quarter. Because of climatic conditions and holidays, the intensity of the production varies throughout the year. This makes a direct comparison of two consecutive quarters difficult. In order to adjust for these conditions, many countries calculate the quarterly GDP using so called seasonally adjusted method. The Gross Domestic Product can be determined using three different approaches: the product, the income, and the expenditure technique, which should give the same result. In sum, the product technique sums the outputs of every class of enterprise. The expenditure technique works on the principle that every product must be bought by somebody, therefore the value of the total product must be equal to people's total expenditures in buying products and services. The income technique works on the principle that the incomes of the productive factors must be equal to the value of their product, and determines GDP by finding the sum of all producers' incomes.


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Qatar Current Account at 51181.00 QAR Million  
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Qatar Balance of Trade at 92260.00 QAR Million  
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Qatar Imports at 28678.00 QAR Million  
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Qatar Exports at 120938.00 QAR Million  
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Qatar Government Budget Value at 82583.00 QAR Million  
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Government Spending in Qatar increased to 146388 QAR Million in 2012 from 123792 QAR Million in 2011. Government Spending in Qatar is reported by the Qatar Statistics Authority.
Qatar Inflation Rate at 2.60 Percent  
The inflation rate in Qatar was recorded at 2.60 percent in March of 2014. Inflation Rate in Qatar is reported by the Qatar Statistics Authority.
Qatar Foreign Exchange Reserves at 146324.30 QAR Million  
Foreign Exchange Reserves in Qatar decreased to 146324.30 QAR Million in February of 2014 from 151100 QAR Million in January of 2014. Foreign Exchange Reserves in Qatar is reported by the Qatar Central Bank.
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