DOHA: Qatar’s real gross domestic product (GDP) in October-December 2012 rose 6.2 percent from a year earlier, growing 6.6 percent from the previous Quarter, according to the preliminary estimates released by Qatar Statistics Authority (QSA) yesterday.
On a cumulative basis, the real GDP of the year 2012 is estimated at 341.12bn when compared to the estimate of 2011 at QR321.07bn.
The quarterly GDP in the Q4 of 2012, at constant prices is estimated at 87.06bn, showing an increase of 6.6 percent compared to the estimate of Q4, 2011 placed at QR81.69bn. The Q4 GDP estimate remains almost at the previous quarter level of this year.
The quarterly GDP in the Q4 of 2012 at current prices is estimated at QR180.87bn. This represents an increase of 10.1 percent compared to the estimate of Q4 of 2011 placed at QR164.34bn. When compared to previous quarter (Q3 of 2012) revised estimate of QR174.10bn, the increase is 3.9 percent.
On a cumulative basis, the nominal GDP of the year 2012 is estimated at QR700.35bn which shows an increase of 12.2 percent compared to the estimate of 2011 placed at QR624.17bn.
The gross value added (GVA) estimate of “mining and quarrying sector”, which includes oil and gas, in the Q4, 2012 is QR101.60bn, which shows a rise of 5.1 percent over the estimate of Q4, 2011 placed at QR96.63bn. The increase in this quarter is primarily due to the higher prices reported in the extraction of natural gas and natural gas liquids (NGLs).
The GVA of non-mining and quarrying sectors in the Q4, 2012 has been estimated at QR79.28bn, which shows an increase of 17.1 percent over the estimate of Q4, 2011 placed at QR67.71bn.
The GVA of manufacturing” sector is estimated at QR19.46bn in Q4 of 2012 showing rise of 31.7 percent over the corresponding quarter (Q4) of 2011 (QR14.78bn). Compared to the previous quarter (Q3 of 2012), there has been an increase of 10.5 percent in the GVA of this sector. The positive growth rate in this sector has resulted from the higher production reported in Petrochemicals, Basic chemicals, Fertilizers and metals.
The GVA of the construction sector at QR7.92bn in Q4 of 2012 shows a rise of 7.6 percent when compared to the estimate of QR7.36bn recorded in corresponding quarter (Q4) of 2011. Compared to Q3, 2012 estimate, there has been an increase of 3.4 percent.
The GVA of the trade, hotel and restaurants” sector is estimated at QR10.76bn in Q4 of 2012 showing an increase of 11.8 percent over the corresponding quarter estimate of 2011 (QR9.62bn in Q4 of 2011). Compared to the previous quarter (Q3 of 2012), there has been a marginal decline of 0.6 percent in the GVA estimate of this sector.
The “Transport and Communication” sector has generated a value added of QR6bn in Q4, 2012 against QR5.39bn in Q4, 2011 showing a rise of 11.4 percent. Compared to the previous quarter, Q3 of 2012, a decline of 4.7 percent has been noticed in this group.
For “Finance, Insurance, Real Estate & Business Services”, the GVA is estimated at QR18.61bn in Q4 of 2012, showing an increase of 10.5percent when compared to the corresponding quarter (Q4) estimate of QR16.84bn in 2011. Compared to the previous quarter, Q3 of 2012, an increase of 7.6 percent 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 QR16.41bn in Q4 of 2012, which is 20 percent higher than the estimate (QR13.67bn) of Q4 of 2011.
The Peninsula
