admin's picture
Posted on December 30, 2013

Ministry of Development Planning and Statistics (MDPS) have released the preliminary estimates of Gross Domestic Product (GDP) at constant and current prices for the third quarter (Q3) of 2013. The estimates have been produced by using the data collected through the Quarterly Economic Indicator Survey and from other source agencies. With the availability of new updated data from the source agencies, there has been slight revision in the GVA estimates of some sectors in the Q2, 2013.

Real GDP Estimates [GDP at Constant (2004) Prices]

The quarterly GDP in the Q3 of 2013, at constant (2004) prices is estimated at 92.37 billion Qatari Riyal which shows a growth of 6.2% compared to the estimate of Q3 of 2012 at 87.0 billion Qatari Riyal. However, compared to the previous quarter [Q2 of 2013] revised estimate of 88.57 billion Qatari Riyal, the growth in this quarter is 43.%.

“Mining and Quarrying Sector”: The constant price Gross Value Added (GVA) of this sector in Q3, 2013 has been estimated at 38.19 billion Qatari Riyal, which shows a growth of 1.8% over the estimate of Q3, 2012, placed at 37.53 billion Qatari Riyal. The higher production of natural gas in this quarter is the primary cause of this growth.

“Non-Mining and Quarrying Sectors”: The GVA estimate of these sectors in Q3, 2013, totaled 54.18 billion Qatari Riyal, which shows an increase of 9.5% over the estimate of Q3, 2012 placed at 49.47 billion Qatari Riyal.

Details of the sectoral level preliminary GVA estimates in Q3, 2013 over the Q3, 2012 and the Q2, 2013 are available in the Table-1 of the Press Release. An analysis by industry group, comparing the performance in Q3 of 2013 with the corresponding quarter in 2012 [Year-on-Year Basis] and with the second quarter (Q2) of 2013 is given in the following paragraphs.

Quarterly GDP by economic activities 1 [qatarisbooming.com].jpg

The GVA of “Manufacturing” sector is estimated at 8.35 billion Qatari Riyal in Q3, 2013 showing a growth of 3.1% over the estimate of corresponding quarter of 2012 [8.10 billion Qatari Riyal]. Compared to the previous quarter (Q2 of 2013), there has been a growth of 0.1% in the GVA of this sector. The growth in this activity has resulted from the rise in the production of basic chemicals, rubber & plastic products and other petrochemicals.

The GVA of the “Construction” sector at 10.59 billion Qatari Riyal in Q3 of 2013 though slightly less than the previous quarter’s level, shows a growth of 13% when compared to the GVA of corresponding quarter of 2012 [9.37 billion Qatari Riyal in Q3 of 2012].

The GVA of the “Trade, Hotel and Restaurants” sector is estimated at 8.01 billion Qatari Riyal in Q3 of 2013 registering a growth of 11.1% over the corresponding quarter of 2012 [7.21 billion Qatari Riyal in Q3 of 2012]. Compared to the previous quarter (Q2 of 2013) revised estimates of 6.87 billion Qatari Riyal, there has been a growth of 16.6% in the GVA of this sector. This double digit growth in this quarter, a period of Ramadan festivity, has resulted from the high trading activity recorded in this group.

The “Transport and Communication” sector generated a value added of 6.70 billion Qatari Riyal in Q3, 2013 against 5.92 billion Qatari Riyal estimated in Q3, 2012. It shows a growth of 13.1%. Compared to the previous quarter (Q2 of 2013) revised estimates; the GVA estimate is up by 16.8%, a seasonal phenomenon in the transport activities seen in earlier years also.

For “Finance, Insurance, Real Estate & Business Services” group, the GVA is estimated at 10.44 billion Qatari Riyal in Q3 of 2013, showing a growth of 10.5% when compared to the corresponding quarter (Q3) estimate of 9.18 billion Qatari Riyal in 2012. Compared to the previous quarter (Q2 of 2013), a rise of 0.7% in the GVA of Q3 of 2013 has been noticed.

The contribution of the “Government Services” which includes the provision of public health, education and other miscellaneous services is estimated at 10.13 billion Qatari Riyal in Q3 of 2013, which is 9.6% higher than the estimate of Q3 of 2012 (9.24 billion Qatari Riyal).

Quarterly GDP by economic activities 2 [qatarisbooming.com].jpg

Nominal GDP Estimates [GDP at Current Prices]

The quarterly GDP at current prices in the Q3 of 2013 is estimated at 185.26 billion Qatari Riyal. This represents an increase of 6.4% compared to the estimate of Q3 of 2012 placed at 174.10 billion Qatari Riyal. When compared to previous quarter [Q2 of 2013] revised estimates of 179.41 billion Qatari Riyal, an increase of 3.3% has been seen noticed.

“Mining and Quarrying Sector”: The Gross Value Added (GVA) estimate of this sector in the Q3, 2013 is 101.10 billion Qatari Riyal, which shows an increase of 3.1% over the estimate of Q3, 2012 placed at 98.09 billion Qatari Riyal. The increase in production and prices of Natural Gas in Q3, 2013 has led to this rise. Compared to the previous quarter (Q2 of 2013)revised estimates, there has been a rise of 2% in the GVA of this sector.

“Non-Mining and Quarrying Sectors”: The GVA of these sectors in the Q3, 2013 has been estimated at 84.16 billion Qatari Riyal, which shows an increase of 10.7% over the estimate of Q3, 2012 placed at 76.01 billion Qatari Riyal.

Details of the sectoral level preliminary GVA estimates in Q3, 2013 over the Q3, 2012 and the Q2, 2013 are available in the Table-2 of the Press Release.

The GVA of “Manufacturing” sector is estimated at 47.70 billion Qatari Riyal in Q3 of 2013 showing rise of 0.5% over the estimate of corresponding quarter of 2012 [17.61 billion Qatari Riyal]. Compared to the previous quarter (Q2 of 2013), an increase of 1.9%, in the GVA of this sector is seen in Q3, 2013.

Quarterly GDP by economic activities 3 [qatarisbooming.com].jpg

The GVA of the “Construction” sector at 8.52 billion Qatari Riyal in Q3 of 2013 shows an increase of 11.2% when compared to the estimate of corresponding quarter of 2012 [7.66 billion Qatari Riyal in Q3 of 2012].This double digit increase is the combined effect of rising production volume and falling price levels of some building materials, seen in this quarter. Compared to the previous quarter (Q2 of 2013) revised estimates, a fall of 0.7% (primarily a price effect) in the GVA of this sector is seen in Q3, 2013.

The GVA of the “Trade, Hotel and Restaurants” sector is estimated at 12.36 billion Qatari Riyal in Q3 of 2013 registering an increase of 14.2% over the estimate of corresponding quarter of 2012 [10.82 billion Qatari Riyal in Q3 of 2012]. Compared to the previous quarter (Q2 of 2013) revised estimates, there has been an increase of 16.7% in Q3, 2013, which has resulted from high volume of trading activity.

The “Transport and Communication” sector generated a value added of 7.0 billion Qatari Riyal in Q3, 2013 against 6.30 billion Qatari Riyal in Q3, 2012 showing a rise of 11.1%. Compared to the previous quarter, Q2 of 2013, an increase of 17.6% in the GVA estimate has been noticed in this group, a seasonal phenomenon mentioned earlier.

For “Finance, Insurance, Real Estate & Business Services”, the GVA is estimated at 20.69 billion Qatari Riyal (which is almost at the previous quarter’s level) in Q3 of 2013, showing an increase of 19.7%, (primarily due to rise in banking and real estate sectors) when compared to the corresponding quarter (Q3) estimate of 17.29 billion Qatari Riyal in 2012.

The contribution of the “Government Services” is estimated at 17.74 billion Qatari Riyal in Q3 of 2013, which is 12% higher than the estimate [15.84 billion Qatari Riyal] of Q3 of 2012.

For more details about Quarterly GDP please refer to the Website: www.qsa.gov.qa and QALAM: www.qix.gov.qa The next Press Release on Q4, 2013 GDP would be on 31st March, 2014.

Categories: