The Qatari economy achieved a real growth rate - constant prices - of 2 percent in the fourth quarter of 2021 year-on-year, according to data issued by the Planning and Statistics Authority.
The quarterly GDP at constant prices reached QR166.242bn in Q4 of 2021 compared to the estimate of QR136.062bn in Q4 of 2020, recording an increase of 2 percent. When compared to Q3 of 2021 revised estimate of QR167.772bn, a decrease of 0.9 percent is also recorded.
The quarterly GDP at current prices in Q4 of 2021 is estimated at QR174.266bn. This represents an increase of 29.3 percent compared to the estimate of Q4 of 2020.
The nominal gross value added (GVA) estimate of Mining and Quarrying activities is estimated at QR63.639bn in Q4 2021, which shows an increase of 63.7 percent over the estimate of Q4 2020 placed at QR38.879bn. Compared to the previous quarter Q3 2021 revised estimate at QR67.812bn, a decreased of 6.2 percent in the GVA of this sector is recorded.
The real GVA of these activities is estimated at QR61.253bn in Q4 2021, which shows an increase of 1.3 percent compared to the estimate of QR60.456bn in Q4 2020. Compared to Q3 2021 revised estimate QR62.685bn, a decrease of 2.3 percent in the real GVA of this sector is also recorded.
The nominal GVA of Non-Mining and Quarrying activities is estimated at QR110.626bn in Q4 2021, which shows an increase of 15.4 percent over the estimate of QR95.883bn in Q4 2020.
Compared to the previous quarter Q3 2021 revised estimate of QR106.994bn, an increase of 3.4 percent is recorded.
The real GVA of Non-Mining and Quarrying activities is estimated at QR104.989bn in Q4 2021, which shows an increase of 2.3 percent over the estimate of QR102.606bn in Q4 2020. When compared to the Q3 2021 revised estimate QR105.088bn, a decrease of 0.1 percent is also recorded.
