Tribune News Network
Doha
Qatar’s real gross domestic product GDP increased 6.3 percent to QR171.97 billion in the second quarter of 2022 compared to the estimate of QR 161.71 billion in the same quarter of the previous year, The Planning and Statistics Authority (PSA) has said.
According to the preliminary estimates of gross domestic product at current and constant prices for the second quarter of 2022, Qatar’s real GDP grew 3.6 percent on a quarterly basis when compared with the revised estimate of QR 165.93 billion reported in the first quarter of 2022.
Meanwhile, Qatar’s GDP at current prices (nominal GDP) jumped 40.7 percent to QR 219.87 billion in the second quarter on an annual basis. It also grew 11.5 percent when compared to the revised estimate of QR197.17 billion in the previous quarter of 2022.
The nominal gross value added (GVA) estimate of mining and quarrying activities was estimated at QR98.09 billion in the second quarter of 2022, an increase of 70.6 percent compared to QR 57.49 billion in the second quarter of 2021.
Compared to the revised estimate of QR 83.99 billion in the previous quarter, an increase of 16.8 percent in the GVA of this sector is recorded. The real GVA of these activities was estimated at QR 63.88 billion in the second quarter of 2022, an increase of 1.2 percent compared to QR 63.15 billion in the same quarter of the previous year. Compared to the revised estimate of QR 61.73 billion in the first quarter of 2022, an increase of 3.5 percent in the real GVA of this sector was recorded.
The nominal GVA of non-mining and quarrying activities is estimated at QR 121.78 billion in the second quarter of 2022, which shows an increase of 23.3 percent over the estimated QR 98.80 billion in the same quarter of the previous year. Compared to the revised estimate of QR113.18 billion in the previous quarter, an increase of 7.6 percent is recorded.
The real GVA of non-mining and quarrying activities is estimated at QR108.09 billion in the second quarter of 2022, which shows an increase of 9.7 percent over the estimate of QR 98.57 billion in the same quarter in 2021. When compared to the revised estimate of QR 104.20 billion in the first quarter of 2022, an increase of 3.7 percent is also recorded.
