Qatar’s quarterly GDP at current prices was estimated at QR140.5bn in Q3, 2016, the Ministry of Development Planning & Statistics (MDPS) said yesterday.
This, the MDPS said, was 5.7% down on the same period in 2015.
Compared to previous quarter (Q2 of 2016) revised estimate of QR134.8bn, an increase of 4.2% was noticed. The nominal Gross Value Added (GVA) estimate of the mining and quarrying sector in the third quarter of last year stood at QR43.8bn, down 22.1% on Q3, 2015.
Compared to the previous quarter (Q2 of 2016) revised estimate, there has been an increase of 8.7% in the GVA of this sector, MDPS said.
The real GVA of this sector in the Q3, 2016 (QR102.7bn), shows an increase of 2.7% over the estimate of Q3, 2015 (QR100bn).
However, compared to the previous quarter (Q2, 2016) revised estimate, there has been an increase of 3.2% in the GVA of this sector.
The nominal GVA estimate of the non-mining and quarrying sectors in the Q3, 2016 has been placed at QR96.7bn, which shows an increase of 4.2% over the estimate of Q3, 2015 (QR92.8bn).
Compared to the previous quarter (Q2, 2016) revised estimate, an increase of 2.3% has been recorded.
The real GVA of these sectors in Q3, 2016, totalled QR101.93bn, which MDPS said shows a growth of 4.7% over the corresponding quarter (Q3, 2015) GVA estimate of QR97.3bn.
However, compared to the previous quarter (Q2, 2016) revised estimate; there has been an increase of 4.1% in the GVA of this sector.
An analysis by industry groups shows the following growth rates year-on-year: manufacturing dropped by 13.6%; electricity, gas and water grew 6.2%, construction 11.6%, wholesale and retail 5.3%, transportation and storage, 7.4%, financial and insurance activities 7.8%, real estate activities 9.7%, and general government activities (public administration, education, health and recreation and other services) by 8.1%.
The MDPS report showed that the quarterly CPI for the third quarter of 2016 shows an increase of 0.9% when compared to the previous quarter, and a 2.7% increase when compared to the corresponding quarter of 2015.
Qatar’s Producer Price Index (PPI) for the third quarter last year showed an increase of 3.3%, when compared with the previous quarter (Q2,2016), and a decrease of 20.3% when compared with the corresponding quarter of 2015.
The increase in the PPI of Q3, 2016 compared to the previous quarter has been mainly attributed to a rise in the prices of crude oil, and natural gas, by 5.9%, while there is a decrease in manufacturing prices, by 1.2%, MDPS said.
LEAVE A COMMENT Your email address will not be published. Required fields are marked*
Oil edges up as Saudis cut supplies to US
Taiwan unveils $29bn stimulus to boost export-driven economy
CI affirms Doha Bank rating at ‘A’ with a ‘stable outlook’
Top LNG buyers in deal to push for flexible contracts
Nakilat assumes the full management and operations of Q-Flex LNG carrier Mesaimeer
Brazil police soften tone on meat probe amid criticism
Brazil tainted-meat scandal leaves the world very hungry for chicken
Saudi and Russia move at different pace on oil cuts
Banks take $252bn free ECB cash with QE exit in mind