+ A
A -
Tribune News Network
Doha
Qatar's first quarter GDP, at current prices, jumped 14.5 percent to QR150.94 billion from QR131.79 billion in the same period a year ago, official data shows.
According to a Ministry of Development Planning and Statistics (MDPS) report released on Saturday, the Q1 GDP jumped 2.7 percent from QR147.04 billion (revised estimate) in the fourth quarter of 2016.
The report said the quarterly GDP in Q1 2017, at constant 2013 prices (QR197.7 billion) shows a growth of 2.5 percent compared with Q1 2016 (QR192.97 billion). However, the Q1 2017 GDP showed a decrease of 1.5 percent when compared with the revised estimate for Q4, 2016, of QR200.69 billion.The year-on-year GDP growth rate for Q4 2016 at constant 2013 prices remained at 1.7 percent after revision, it said.
The nominal Gross Value Added (GVA) estimate of mining and quarrying (oil and gas included) in the first quarter of 2017 stands at QR50.17 billion, showing an increase of 32.6 percent over the estimate of Q1, 2016's QR37.84 billion.
Compared with the previous quarter's revised estimate, there has been a rise of 8.2 percent.
The Q1 real GVA of this sector (QR96.21 billion) has remained virtually unchanged when compared with the estimate of Q1, 2016, (QR96.21 billion).
However, compared with the previous quarter's revised estimate, there has been an increase of 0.2 percent.
In Q1 2017, the increase of the international price of crude oil and related goods has led to an y-o-y increase in nominal GVA of this sector.
In the non-mining and quarrying sector, the nominal GVA estimate in the first quarter of 2017 stands at QR100.78 billion, an increase of 7.3 percent over the estimate of Q1 of 2016 (QR93.96 billion). Compared with the previous quarter's revised estimate, this is an increase of 0.1 percent.
The real GVA of these sectors in Q1 of 2017 totalled QR 101.49 billion. This is an increase of 4.9 percent over the corresponding quarter in 2016 (QR 96.76 billion). However, compared with the previous quarter's revised estimate, there has been a decrease of 3 percent.
An analysis by industry group shows the following growth rates Y-o-Y: manufacturing grew by 10.5 percent; electricity, gas and water dropped by 4.4 percent, construction grew by 17.7 percent, wholesale and retail grew by 3.5 percent, transportation and storage grew by 4.5 percent; financial and insurance activities grew by 2.7 percent; real estate activities grew by 5.2 percent, and General Government Activities (public administration, education, health and recreation and other services) grew by 6.7 percent.
The quarterly CPI for Q1 2017 shows a decrease of 0.1 percent when compared with the previous quarter, and a 0.9 percent increase when compared with the corresponding quarter of 2016.
The observed 0.1 percent decrease in comparison with the previous quarter is the net effect of falls in some groups and rises in others.
The groups showing decreases include: clothing and footwear by 1.7 percent, followed by food and beverages by 1.3 percent, miscellaneous goods and services by 1.1 percent, housing, water, electricity and gas by 0.9 percent, recreation and culture by 0.7 percent, furnishings and household equipment by 0.2 percent.
An increase was recorded in transport sector by 3.3 percent, followed by health (0.5 percent) and restaurant and hotel (0.3 percent).
There was no change in the groups of tobacco, communication and education.
The 0.9% y-o-y increase in the CPI is the net effect of increases in some groups and drops in other groups. The PPI for Q1 2017 showed an increase of 9.4 percent, when compared with the previous quarter (Q4, 2016), and also an increase of 28.5 percent when compared with the corresponding quarter of 2016.
