QSA Releases Preliminary Estimates of Gross Domestic Product (GDP)

Doha, March 30 (QNA) - Qatar Statistics Authority (QSA) has released the preliminary estimates of Gross Domestic Product (GDP) at current and constant prices for the Fourth quarter (Q4) of 2012. The estimates have been produced by using the data collected through the Quarterly Economic Indicator Survey and from other data source agencies, a press released issued here Saturday said. On a cumulative basis, the GDP of the year 2012 is estimated at 700.35 billion Qatari Riyal which shows an increase of 12.2% compared to the estimate of 2011 placed at 624.17 billion Qatari Riyal. "Mining and Quarrying Sector": The Gross Value Added (GVA) estimate of this sector in the Q4, 2012 is 101.60 billion Qatari Riyal, which shows a rise of 5.1% over the estimate of Q4, 2011 placed at 96.63 billion Qatari Riyal. The increase in this quarter is primarily due to the higher prices reported in the extraction of natural gas and Natural Gas Liquids (NGLs). "Non-Mining and Quarrying Sectors": The GVA of these sectors in the Q4, 2012 has been estimated at 79.28 billion Qatari Riyal, which shows an increase of 17.1% over the estimate of Q4, 2011 placed at 67.71 billion Qatari Riyal. GDP at current prices Nominal GDP up by 10.1% in the Fourth quarter (Q4) of 2012. GDP at current prices Nominal GDP up by 12.2% in the year 2012. GDP at constant (2004) prices Real GDP up by 6.6% in the Fourth quarter (Q4) of 2012. GDP at constant (2004) prices Real GDP up by 6.2% in the year 2012. Quarterly GDP (in Mn Qatari Riyal) Nominal GDP Estimates GDP at Current Prices The quarterly GDP in the Q4 of 2012 at current prices is estimated at 180.87 billion Qatari Riyal. This represents an increase of 10.1% compared to the estimate of Q4 of 2011 placed at 164.34 billion Qatari Riyal. When compared to previous quarter Q3 of 2012 revised estimate of 174.10 billion Qatari Riyal, the increase is 3.9%. In the "non-mining and quarrying" Sector, an analysis by industry group, comparing the performance in Q4 of 2012 with the corresponding quarter in 2011 Year-on-Year Basis and with the fourth quarter (Q3) of 2012 is given in the following paragraphs. Readers are cautioned to keep the seasonality factor in view, while comparing the estimates with the previous quarter of 2012. The GVA of "Manufacturing" sector is estimated at 19.46 billion Qatari Riyal in Q4 of 2012 showing rise of 31.7% over the corresponding quarter (Q4) of 2011 14.78 billion Qatari Riyal. Compared to the previous quarter (Q3 of 2012), there has been a increase of 10.5% in the GVA of this sector. The positive growth rate in this sector has resulted from the higher production reported in Petrochemicals, Basic chemicals, Fertilizers and metals. The GVA of the "Construction" sector at 7.92 billion Qatari Riyal in Q4 of 2012 shows a rise of 7.6% when compared to the estimate of 7.36 billion Qatari Riyal recorded in corresponding quarter (Q4) of 2011. Compared to Q3, 2012 estimate, there has been an increase of 3.4%. The GVA of the "Trade, Hotel and Restaurants" sector is estimated at 10.76 billion Qatari Riyal in Q4 of 2012 showing an increase of 11.8% over the corresponding quarter estimate of 2011 9.62 billion Qatari Riyal in Q4 of 2011. Compared to the previous quarter (Q3 of 2012), there has been a marginal decline of 0.6% in the GVA estimate of this sector. The "Transport and Communication" sector has generated a value added of 6.00 billion Qatari Riyal in Q4, 2012 against 5.39 billion Qatari Riyal in Q4, 2011 showing a rise of 11.4%. Compared to the previous quarter, Q3 of 2012, a decline of 4.7% has been noticed in this group. For "Finance, Insurance, Real Estate & Business Services", the GVA is estimated at 18.61 billion Qatari Riyal in Q4 of 2012, showing an increase of 10.5% when compared to the corresponding quarter (Q4) estimate of 16.84 billion Qatari Riyal in 2011. Compared to the previous quarter, Q3 of 2012, an increase of 7.6% has been recorded in this group. The contribution of the "Government Services" which includes the provision of public health, education and other miscellaneous services is estimated at 16.41 billion Qatari Riyal in Q4 of 2012, which is 20% higher than the estimate 13.67 billion Qatari Riyal of Q4 of 2011. Real GDP Estimates GDP at Constant (2004) Prices The quarterly GDP in the Q4 of 2012, at constant prices is estimated at 87.06 billion Qatari Riyal, showing an increase of 6.6% compared to the estimate of Q4, 2011 placed at 81.69 billion Qatari Riyal. The Q4 GDP estimate remains almost at the previous quarter level of this year. On a cumulative basis, the Real GDP of the year 2012 is estimated at 341.12 billion Qatari Riyal which shows an increase of 6.2% when compared to the estimate of 2011 at 321.07 billion Qatari Riyal. According to the QSA press release , "Mining and Quarrying Sector": The constant price GVA of this sector in Q4, 2012 has been estimated at 36.76 billion Qatari Riyal, which remains almost at the level of Q4, 2011 estimate of 36.71 billion Qatari Riyal. When compared to Q3, 2012, the estimate shows a decline of 2.1%, primarily due to the fall in the extraction of crude oil. "Non-Mining and Quarrying Sectors": The GVA of these sectors in Q4, 2012 is estimated at 50.31 billion Qatari Riyal, which shows an increase of 11.8% over the estimate of Q4, 2011 placed at 44.98 billion Qatari Riyal. Details of the sectoral level preliminary GVA estimates in Q4, 2012 over the previous quarter in 2011 are available in the Tables 2 and 4 of the Press Release. The GVA of "Manufacturing" sector is estimated at 8.18 billion Qatari Riyal in Q4, 2012 showing an increase of 18% over the estimate of corresponding quarter (Q4) of 2011 6.93 billion Qatari Riyal. Compared to the previous quarter (Q3 of 2012), there has been an increase of 1% in the GVA estimate of this sector. The GVA of the "Construction" sector at 9.74 billion Qatari Riyal in Q4 of 2012 has recorded an increase of 11.5% when compared to the estimate of 8.73 billion Qatari Riyal in Q4 of 2011. Compared to the previous quarter (Q3 of 2012), there has been an increase of 3.9% in the GVA estimate of this sector. The GVA of the "Trade, Hotel and Restaurants" sector is estimated at 7.15 billion Qatari Riyal in Q4 of 2012 registering an increase of 8.9% over the Q4, 2011 estimate of 6.56 billion Qatari Riyal in Q4 of 2011. Compared with the previous quarter (Q3 of 2012), there has been a marginal decline of 0.9%. The "Transport and Communication" sector has generated a value added of 5.95 billion Qatari Riyal in Q4, 2012 as against the estimate of 5.21 billion Qatari Riyal posted in Q4, 2011, showing a rise of 14.2%. Compared to the previous quarter (Q3 of 2011) the GVA estimate is marginally up by 0.5%. For "Finance, Insurance, Real Estate & Business Services", the GVA is estimated at 9.54 billion Qatari Riyal in Q4 of 2012, showing an increase of 7.2% when compared to the corresponding quarter (Q4) estimate of 8.90 billion Qatari Riyal in 2011. Compared to the previous quarter, Q3 of 2011, the GVA of this group shows a rise of 3.9%. The contribution of the "Government Services" is estimated at 9.54 billion Qatari Riyal in Q4 of 2012, which shows a rise of 11.9% compared to the estimate of Q4 of 2011, placed at 8.53 billion Qatari Riyal. (END)