HomeEconomyQatar’s economy grows 2.5% in first quarter
By Economy Middle East
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July 5, 2022 12:26 pm

Qatar’s economy grows 2.5% in first quarter

Real GDP shrank 0.3 percent
Qatar
Vehicles are seen in front of government buildings in Doha, Qatar

Qatar’s economy grew 2.5 percent in the first quarter from a year earlier, although the growth fell slightly from the previous quarter, official estimates showed on Tuesday.

Qatar’s real gross domestic product (GDP), which is adjusted for inflation, shrank 0.3 percent in the first quarter from the fourth quarter to 166.26 billion riyals ($45.68 billion), the Planning and Statistics Authority said.

Mining and quarrying real gross value added (GVA) fell 1.7 percent in the first quarter from a year prior but grew 0.9 percent from the fourth quarter. Non-mining and quarrying real GVA grew 5.2 percent year-on-year in the first quarter and fell 0.9 percent compared to the previous quarter.