DOHA: Qatar’s gross domestic product (GDP), adjusted for inflation, rose 3.9 percent from a year earlier in third quarter (Q3) 2012. Compared to the previous quarter it has been expanded by 1.7 percent in the Q3, Qatar Statistics Authority (QSA) said yesterday.
The QSA’s preliminary estimate noted the mining and quarrying sector, which includes oil and gas, declined by 0.8 percent in Q3 2012 from a year ago. When compared to Q2, 2012, the sector grew only 0.6 percent this quarter. The estimate of this sector in the Q3 is QR37.07bn over the estimate of Q3 2011 placed at QR37.37bn.
The non-oil sector showed an increase of 7.7 percent over the estimate of Q3, 2011. The manufacturing sector is estimated at QR8.58bn in Q3, 2012 showing an increase of 13.6 percent over the estimate of corresponding quarter of 2011. Compared to the previous quarter, the increase of 4.7 percent has been seen in the gross value added (GVA) estimate of this sector.
At an estimated QR8.71bn, the construction sector has recorded an increase of 9.4 percent in Q3, when compared to the estimate of QR7.9bn in the same quarter in 2011. The trade, hotel and restaurants sector is estimated at QR6.78bn in Q3 registering an increase of 8.1 percent over the Q3 2011 estimate of QR6.28bn. Compared with Q2 2012, this estimate is up by 1 percent.
For finance, insurance, real estate and business services, there is an estimated growth of 4.7 percent when compared to the corresponding quarter in 2011. Compared to Q2 of 2011, the GVA of this group shows a rise of 1.2 percent.
The contribution of the Government Services is estimated at QR9.10bn in Q3 of 2012, which shows a rise of 2.7 percent compared to the estimate of Q3 of 2011.
A separate data released by the QSA showed Qatar’s Producer Price Index (PPI) of the industrial sector for Q2, 2012 declined 4.3 percent when compared to the PPI of the Q1, 2012, QNA reported. The industrial sector covers mining, electricity & water and manufacturing.
In the “mining” group, the PPI dropped by 3.9 percent. This fall is the combined effect of decline in the prices of condensate produced by the oil extraction, gas extraction, crude oil, and the increase in the price of natural gas.
The manufacturing group shrank by 6.4 percent during the period. The PPI for “electricity & water” showed an increase of 4.2 percent, the combined effect of a the 1.8 percent rise in the price of Electricity and 8.7 percent rise in the price of water.
The year-on-year comparison of PPI shows a rise of 3.6 percent. Producer prices for “mining” were 6.1 percent higher, while prices of Manufacturing dropped by 6.8 percent and that of Electricity and water went up marginally by 4.1 percent.
The Peninsula
