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Qatar's economy maintained growth in the third quarter of 2025, with real GDP rising by 2.9% compared to the third quarter of 2024. This growth was driven primarily by non-hydrocarbon activities, which expanded by 4.4%, according to a statement issued by the National Planning Council (NPC) on Sunday.Real GDP estimates for the third quarter of 2025 reached QAR 186.1 billion at constant prices, compared with QAR 180.9 billion in the third quarter of 2024.Non-hydrocarbon activities accounted for 65.5% of real GDP, with value added reaching QAR 121.9 billion in the third quarter of 2025, compared to QAR 116.8 billion in the same period of 2024.This represents a year-on-year increase of 4.4%, in line with the objectives of the Third National Development Strategy (NDS3) and Qatar National Vision 2030.Within the non-hydrocarbon economy, the fastest-growing activities on a year-on-year basis were construction (9.1%), wholesale and retail trade; repair of motor vehicles and motorcycles (8.9%), and accommodation and food service activities (6.4%).The expansion reflects rising domestic demand, increased visitor activity, and the continued rollout of infrastructure and public-sector projects, with positive spillover effects across services and trade.HE Secretary General of NPC, Dr. Abdulaziz bin Nasser bin Mubarak Al Khalifa, affirmed that these results reflect 'the resilience of the Qatari economy and the continuity of the path of economic diversification, as it achieves real growth […] driven by the strong performance of non-hydrocarbon activities […]. This performance underscores the success of economic and development policies in enhancing the contribution of productive and service sectors, in line with the targets of the Third National Development Strategy and strengthens the national economy's ability to achieve sustainable and balanced growth over the medium and long term.'Overall, 15 of 17 economic activities recorded positive real growth in the third quarter of 2025, demonstrating the resilience of Qatar's economic base.The NPC's National Statistics Center continues to refine its methods for measuring GDP, with recent revisions applied to the estimates of the third quarter of 2024.As part of ongoing efforts to align national accounts with international best practices (System of National Accounts 2008-2025), a comprehensive revision of Qatar's national accounts is underway and scheduled for completion by the first quarter of 2026.

 FTSE Russell Global Equity Index Series announced the results of its quarterly review, which will take effect after the close of Dec. 17 for the Qatari market.The review, published on Qatar Stock Exchange (QSE) website on Sunday, did not include any addition, deletion or reclassification of any Qatari companies.The changes announced may be subject to revision until close of business on Friday, Dec. 5, 2025. Effective Monday, Dec. 8, 2025, the index review changes will be considered final.The FTSE Emerging Markets Index is significant for global funds and portfolios, as it attracts major investments from some of the largest global banks and companies. This index is closely followed by numerous European, British and global investment funds. 

QNB said in its weekly commentary that it expects the US Federal Reserve to continue its monetary easing cycle at a moderate pace by cutting the federal funds rate two more times to 3.5 percent. The bank said that declining employment levels and a drop in capacity utilization below trend justify continued reductions in key interest rates, while the limited likelihood of a sharp slowdown in growth creates an appropriate lower bound for interest rates near their neutral levels. QNB noted that the Federal Reserve has returned to the forefront of the global macroeconomic scene after a period dominated by US-led trade negotiations and debates over fiscal policies. It explained that uncertainty surrounding economic policies has eased significantly thanks to the conclusion of several trade agreements and the adoption by President Donald Trump's administration of a less contentious fiscal framework. Uncertainty related to inflation has also receded, after it became clear that the impact of higher tariffs on prices was smaller than expected. The report stated that monetary policy has become a point of contention. The Federal Open Market Committee (FOMC) of the Federal Reserve cut interest rates by an additional 25 basis points late last month, continuing the easing cycle that began in September 2024 and resumed this year after an eight-month pause. However, a clear division has emerged among committee members. The report observed a widening gap between market expectations and policymakers' positions regarding the future direction of interest rates. While markets expect the easing cycle to continue, Federal Reserve Chair Jerome Powell said that additional rate cuts remain uncertain. The bank argued that under these expectations, there is room for two more 25-basis-point rate cuts, likely with the first in December and the second in early 2026. The report based this outlook on two main points. The first is that there remains sufficient room for two additional rate cuts because current interest rates are still excessively tight relative to existing macroeconomic conditions in the United States. It pointed out that the current interest rate of 4 percent remains restrictive and stands roughly 50 basis points above the neutral level, while data on capacity utilization, the labor market, and industrial activity show that the U.S. economy is operating below its potential. The second point, according to the report, is that there is room for further monetary easing. It noted, however, that the deeper rate cuts supported by more dovish Federal Reserve members, and anticipated by markets, appear overly aggressive. In conclusion, QNB's weekly report emphasized that the US economy has largely adjusted, slowing from growth rates near 3 percent in 2023 and 2024 to about 2 percent this year, without signs of a sharp downturn or possible recession. It highlighted the strength of investment driven by record capital spending from technology companies seeking to lead the artificial-intelligence wave, while consumption continues its gradual slowdown and US households benefit from their strongest net financial position in decades.

Qatar's economy-maintained growth in the second quarter of 2025 despite a challenging global context, with real GDP rising by 1.9% compared to the same period in 2024. This growth was driven primarily by non-hydrocarbon activities, which expanded by 3.4%.According to a statement issued by the National Planning Council (NPC) on Sunday, Qatar's economy registered real GDP growth of 1.9% year-on-year, reaching QR181.8bn at constant prices, compared to QR178.5bn in Q2 2024.Non-hydrocarbon activities accounted for 65.6% of real GDP, with value added reaching QR119.3bn in Q2 2025, compared to QR115.4bn in the same period of 2024. This reflects a year-on-year increase of 3.4%, underscoring the effectiveness of diversification policies outlined in the Third National Development Strategy (NDS3) and Qatar National Vision 2030.Within the non-hydrocarbon economy, the fastest-growing activities on a year-on-year basis were: agriculture, forestry and fishing (+15.8%); accommodation and food services (+13.4%); arts, entertainment and recreation (+8.9%); wholesale and retail trade (+8.8%), and Construction (+8.7%).These broad-based gains reflect ongoing investment in tourism, services, and specialised infrastructure, and strengthen the role of private sector activities in Qatar's economy.In total, 11 of 17 economic activities recorded positive real growth in Q2 2025, demonstrating the resilience of Qatar's economic base. Service-related activities such as accommodation, food services, and entertainment continued to expand strongly, reflecting sustained momentum in tourism and domestic demand.NPC noted that its National Statistics Center continues to refine its methods for measuring GDP, with recent revisions applied to Q1 2025 and Q2 2024 estimates. As part of ongoing efforts to align national accounts with international best practices (System of National Accounts 2008/2025), a comprehensive revision of Qatar's national accounts is underway and scheduled for completion by Q1 2026.NPC Secretary-General Dr Abdulaziz bin Nasser bin Mubarak al-Khalifa emphasised the strength and resilience of Qatar's economic performance, noting the sustained expansion of non-hydrocarbon activities."These indicators reflect the progress of Qatar's economy, with non-hydrocarbon sectors recording notable growth that demonstrates the increasing diversification and stability of our national economy," he said."The current growth rates also point to additional opportunities for advancement. There remains significant potential that we aim to unlock through the Third National Development Strategy, which will continue to drive sustainable economic growth and create distinctive investment and entrepreneurial opportunities for the private sector," al-Khalifa added.