A generic view of the skyline in Doha, Qatar.
Doha, Qatar: According to recent data from Planning and Statistics Authority (PSA), GDP at current prices during the third quarter of 2022 is estimated at QR 228.423bn.
This represents an increase of 30.7 percent compared to the estimate for the same quarter of the previous year, which amounted to QR174.814bn.
In the meantime, an increase of around 5.5 percent was posted when compared to its previous quarter, amounting to QR216.468bn.
In its 42nd issue of the quarterly publication ‘Window on Economic Statistics of Qatar’, the report highlighted that “The quarterly GDP at constant prices (2018=100) shows an increase of 4.3 percent in Q3 of 2022 (QR175.028bn) compared to the estimate of Q3 of 2021 (QR167.782bn).”
On the other hand, when compared to the second quarter of 2022, a vital surge of 3.6 percent was recorded that estimated at QR 168.879bn.
The data indicates that Mining and Quarrying activities have also improved as compared to the previous quarters.
“The nominal gross value added (GVA) estimate of Mining and Quarrying activities is estimated at QR105.896bn in Q3 2022, which shows an increase of 56.2 percent over the estimate of Q3 2021 placed at QR 67.812bn,” it said.
However, an increase of 8 percent in the GVA of this sector was recorded, when compared to the previous quarter’s (Q2 2022) estimate at QR98.086bn.
The given data outlined that the real GVA of all these activities surged from its previous quarters as they were estimated at QR64.377bn in the third quarter of 2022, showing an increase of 2.7 percent compared to the estimate of the third quarter of 2021 at QR62.685bn.
When compared to the second quarter of 2022, it was estimated at QR 63.884bn, which recorded a 0.8 percent rise in the real GVA of this sector.
The PSA report further stated that “The nominal GVA of Non-Mining and Quarrying activities is estimated at QR122.527bn in Q3 2022, which shows an increase of 14.5 percent over the estimate of the same period in 2021, estimating at QR 107.002bn.”
However, the revised estimation showing QR118.382bn posted an increase of 3.5 percent when compared to the second quarter of 2022.
It added: “The real GVA of Non-Mining and Quarrying activities is estimated at QR110.651bn in Q3 2022, which shows an increase of 5.3 percent over the estimate of the
third quarter of 2021 (QR 105.097bn).
When compared to the second quarter of 2022, the revised estimate showed 104.995bn, an increase of 5.4 percent also recorded.
