Home Business Qatar’s GDP in Q1 2020 reaches QR167.33bn

Qatar’s GDP in Q1 2020 reaches QR167.33bn

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Doha: The Planning and Statistics Authority (PSA) said the preliminary estimates of Gross Domestic Product (GDP) at constant prices (2018=100) for the first quarter (Q1) of 2020 is estimated at QR 167.33bn, which represents an increase of 0.9 percent compared to the revised estimate of Q1 of 2019 and a decrease of 1.4 percent compared to Q4 of 2019 which stood at QR169.64bn.

The quarterly GDP at current prices in Q1 of 2020 is estimated at QR 153.77bn. This represents a decrease of 5.5 percent compared to the revised estimate of Q1 of 2019placed at QR 162.71bn. When compared to previous quarter (Q4 of 2019) revised estimate of QR159.65bn, a decrease of 3.7 percent is recorded.

The nominal Gross Value Added (GVA) estimate of Mining and Quarrying activities is estimated at QR 51.84 billion in Q1 2020, which shows a decrease of 15.5 percent over the revised estimate of Q1 2019 placed at QR 61.37 billion. Compared to the previous quarter (Q4 of 2019) revised estimate, there has been a decrease of 5.4 percent in the GVA of this sector.

The real GVA of these activities is estimated at QR 64.18bn  in Q1 2020, virtually unchanged compared to the revised estimate of Q1 2019 (QR 64.18 bn). Compared to Q4 2019 revised estimate, an increase of 2.9 percent in the real GVA of this sector is also recorded.

The nominal GVA estimate of Non-Mining and Quarrying activities is estimated at QR 101.93bn in Q1 2020,which shows an increase of 0.6 percent over the revised estimate of Q1 2019 (QR 101.34 billion). Compared to the previous quarter (Q4 of 2019) revised estimate, a decrease of 2.8 percent has been recorded.

The real GVA of these activities totaled QR 103.15bn in Q1 2020, which shows an increase of 1.4 percent over the revised estimate of the corresponding quarter Q1 2019 (QR 101.72bn). However, compared to Q4 2019 revised estimate, the real GVA of Non-Mining and Quarrying activities has decreased by 3.8 percent.

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