ID :
672160
Wed, 11/29/2023 - 20:30
Auther :
QNA
Shortlink :
http://m.oananews.org//node/672160
The shortlink copeid

PSA: Qatar's GDP Grows 1 Percent in Q2 of 2023

 

Doha, November 29 (QNA) - The Gross Domestic Product (GDP) of Qatar recorded a 1 percent year-on-year growth in the second quarter of 2023, compared to the same quarter of 2022, following a 0.5 percent increase in the first quarter.
    In a statement, the Planning and Statistics Authority (PSA) said that the quarterly GDP at current prices in Q1 of 2023 is estimated at QR 186.37 billion. This represents a decrease of 13.7 percent compared to the estimate of Q2 of 2022 placed at QR 216.03 billion. When compared to the previous quarter (Q1) of 2023 revised estimate of QR 196.15 billion, a decrease of 5.0 percent is recorded.
    The quarterly GDP at constant prices (2018=100) shows an increase of 1.0 percent in Q2 of 2023 (QR 170.09 billion) compared to the estimate for Q2 of 2022 (QR 168.47 billion). When compared to Q1 of 2023 revised estimate (QR 169.19 billion), an increase of 0.5 percent is recorded.
    In the Mining and Quarrying Activities, the nominal gross value added (GVA) estimate of Mining and Quarrying activities is estimated at QR 73.04 billion in Q2 2023, which shows a decrease of 25.5 percent over the estimate of Q2 2022 placed at QR 98.09 billion. Compared to the previous quarter's Q1 2023 revised estimate (QR 80.41 billion), a decrease of 9.2 percent in the GVA of this sector is recorded.
The real GVA of these activities is estimated at QR 65.37 billion in Q2 2023, which shows an increase of 2.3 percent compared to the estimate for Q2 2022 (QR 63.88 billion). Compared to the Q1 2023 revised estimate (QR 64.37 billion), an increase of 1.6 percent in the real GVA of this sector is also recorded.
    In the Non-Mining and Quarrying Activities, the nominal GVA of Non-Mining and Quarrying activities is estimated at QR 113.33 billion in Q2 2023, which shows a decrease of 3.9 percent over the estimate of Q2 2022 (QR 117.94 billion). Compared to the previous quarter's Q1 2023 revised estimate (QR 115.75 billion), a decrease of 2.1 percent is recorded.
The real GVA of Non-Mining and Quarrying activities is estimated at QR 104.72 billion in Q2 2023, which shows an increase of 0.1 percent over the estimate of Q2 2022 (QR 104.59 billion). When compared to the Q1 2023 revised estimate (QR 104.82 billion), a decrease of 0.1 percent is also recorded. (QNA)

 

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