Quarterly Gross Domestic Product Rises - QSA

Doha, December 30 (QNA) - Qatar Statistics Authority (QSA) has released the preliminary estimates of Gross Domestic Product (GDP) at current and constant prices for the Third quarter (Q3) of 2012. The quarterly GDP in the Q3 of 2012 at current prices is estimated at 175.29 billion Qatari Riyal. This represents an increase of 5.9% compared to the estimate of Q3 of 2011 placed at 165.57 billion Qatari Riyal. When compared to previous quarter Q2 of 2012 revised estimate of 173.07 billion Qatari Riyal, the increase is 1.3%. On a cumulative basis, the GDP in the January-September of 2012 is estimated at 523.74 billion Qatari Riyal which shows an increase of 13.5% compared to the estimate of January-September, 2011 placed at 461.58 billion Qatari Riyal. "Mining and Quarrying Sector": The Gross Value Added (GVA) estimate of this sector in the Q3, 2012 is 96.82 billion Qatari Riyal, which shows a decline of 0.9% over the estimate of Q3, 2011 placed at 97.74 billion Qatari Riyal. The slowdown in this quarter is primarily due to the shutdown in some LNG trains for necessary maintenance. "Non-Mining and Quarrying Sectors": The GVA of these sectors in the Q3, 2012 has been estimated at 78.47 billion Qatari Riyal, which shows an increase of 15.7% over the estimate of Q3, 2011 placed at 67.84 billion Qatari Riyal. Details of the sectoral level preliminary GVA estimates of Q3, 2012 over the Q3, 2011 are available in the Table-1, attached to the Press Release. In the "non-mining and quarrying" Sector, an analysis by industry group, comparing the performance in Q3 of 2012 with the corresponding quarter in 2011 Year-on-Year Basis and with the second quarter (Q2) 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 19.47 billion Qatari Riyal in Q3 of 2012 showing rise of 19.9% over the corresponding quarter (Q3) of 2011 16.24 billion Qatari Riyal . Compared to the previous quarter (Q2 of 2012), there has been a marginal increase of 0.3% in the GVA of this sector. The positive growth rate in this sector has resulted from the higher production reported in Petrochemicals, Fertilizer, Aluminium and Gas to liquids (GTL) products. The GVA of the "Construction" sector at 6.76 billion Qatari Riyal in Q3 of 2012 shows a rise of 15.4% when compared to the estimate of 5.86 billion Qatari Riyal recorded in corresponding quarter (Q3) of 2011. However, compared to Q2, 2012 estimate, the drop of 5.3% seems to be purely a seasonal phenomenon. The GVA of the "Trade, Hotel and Restaurants" sector is estimated at 10.16 billion Qatari Riyal in Q3 of 2012 showing an increase of 13.4% over the corresponding quarter estimate of 2011 8.96 billion Qatari Riyal in Q3 of 2011 . Compared to the previous quarter (Q2 of 2012), there has been an increase of 1.3% in the GVA estimate of this sector. The "Transport and Communication" sector has generated a value added of 6.46 billion Qatari Riyal in Q3, 2012 against 5.92 billion Qatari Riyal in Q3, 2011 showing a rise of 9%. Compared to the previous quarter, Q2 of 2012, an increase of 2.8% has been noticed in this group. For "Finance, Insurance, Real Estate & Business Services", the GVA is estimated at 19.48 billion Qatari Riyal in Q3 of 2012, showing an increase of 6.2% when compared to the corresponding quarter (Q3) estimate of 18.34 billion Qatari Riyal in 2011. Compared to the previous quarter, Q2 of 2012, an increase of 9.1% 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 15.26 billion Qatari Riyal in Q3 of 2012, which is 28% higher than the estimate 11.92 billion Qatari Riyal of Q3 of 2011. The quarterly GDP in the Q3 of 2012, at constant prices is estimated at 87.04 billion Qatari Riyal which shows an increase of 3.9% compared to the estimate of Q3, 2011 placed at 83.75 billion Qatari Riyal. However, compared to the previous quarter Q2 of 2012 estimate of 85.57 billion Qatari Riyal, there has been an increase of 1.7%. On a cumulative basis, the Real GDP in the January-September of 2012 is estimated at 255.44 billion Qatari Riyal which shows an increase of 5.8% when compared to the estimate of January-September, 2011 at 241.40 billion Qatari Riyal. "Mining and Quarrying Sector": The constant price GVA of this sector in Q3, 2012 has been estimated at 37.07 billion Qatari Riyal, which shows a decline of 0.8% over the estimate of Q3, 2011 placed at 37.37 billion Qatari Riyal. When compared to Q2, 2012, the estimate shows a marginal growth of 0.6%. "Non-Mining and Quarrying Sectors": The GVA of these sectors in Q3, 2012 is estimated at 49.97 billion Qatari Riyal, which shows an increase of 7.7% over the estimate of Q3, 2011 placed at 46.38 billion Qatari Riyal. The GVA of "Manufacturing" sector is estimated at 8.58 billion Qatari Riyal in Q3, 2012 showing an increase of 13.6% over the estimate of corresponding quarter (Q3) of 2011 7.56 billion Qatari Riyal . Compared to the previous quarter (Q2 of 2012), the increase of 4.7% has been seen in the GVA estimate of this sector. The GVA of the "Construction" sector at 8.71 billion Qatari Riyal in Q3 of 2012 has recorded an increase of 9.4% when compared to the estimate of 7.96 billion Qatari Riyal in Q3 of 2011. The GVA of the "Trade, Hotel and Restaurants" sector is estimated at 6.78 billion Qatari Riyal in Q3 of 2012 registering an increase of 8.1% over the Q3 2011 estimate of 6.28 billion Qatari Riyal in Q3 of 2011. Compared with the previous quarter (Q2 of 2012), there has been a marginal increase of 0.5%. The "Transport and Communication" sector has generated a value added of 6.24 billion Qatari Riyal in Q3, 2012 as against the estimate of 5.70 billion Qatari Riyal posted in Q3, 2011, showing a rise of 9.4%. Compared to the previous quarter (Q2 of 2011) the GVA estimate is up by 1%. For "Finance, Insurance, Real Estate & Business Services", the GVA is estimated at 9.84 billion Qatari Riyal in Q3 of 2012, showing an increase of 4.7% when compared to the corresponding quarter (Q3) estimate of 9.40 billion Qatari Riyal in 2011. Compared to the previous quarter, Q2 of 2011, the GVA of this group shows a rise of 1.2%. The contribution of the "Government Services" is estimated at 9.10 billion Qatari Riyal in Q3 of 2012, which shows a rise of 2.7% compared to the estimate of Q3 of 2011. (QNA)