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Today's News
Saturday, April 20, 2024
Today's News

Qatar economy grows 8% in 2022

Qatar economy grows 8% in 2022

Qatar’s economic situation attained an actual growth price of 8% in last quarter of in 2015

Qatar’s economic climate attained an actual growth rate of 8 percent during Q4 of 2022 contrasted to the same duration the year before, according to main numbers.

Qatar’s Planning and Statistics Authority (PSA) released data showing that the quarterly GDP at continuous prices raised by 8% in Q4 of 2022 (QR179.99 bn) contrasted to the quote of Q4 of 2021 (QR166.68 bn).

When compared to Q3 of 2022 modified quote (QR175.32 bn), a rise of 2.7% is likewise tape-recorded.

Qatar economic growth

In the very same context, the quarterly GDP in Qatar at current costs in Q4 of 2022 is approximated at QR 220.43 bn. This stands for a rise of 26.2% contrasted to the price quote of Q4 of 2021 positioned at QR 174.65 billion.

When contrasted to previous quarter of 2022, modified price quote of QR229.69 bn, a decline of 4% is recorded.

The nominal gross value included (GVA) price quote of Mining and also Quarrying tasks is estimated at QR91.25 bn in Q4 2022, which reveals a rise of 43.4% over the quote of Q4 2021 positioned at QR63.64 bn.

Compared to the previous quarter Q3 2022 modified price quote (QR106.76 bn), a reduction of 14.5% in the GVA of this sector is tape-recorded.

The genuine GVA of these tasks is estimated at QR64.18 bn in Q4 2022, which shows a boost of 4.8% compared to the estimate of Q4 2021 (QR 61.25 bn).

Compared to Q3 2022 changed price quote (QR 64.37 bn), a decline of 0.3% in the actual GVA of this field is additionally recorded.

The small GVA of Non-Mining and Quarrying activities is approximated at QR129.18 bn in Q4 2022, which shows a boost of 16.4% over the estimate of Q4 2021 (QR 111.01 billion).

Compared to the previous quarter Q3 2022 modified price quote (QR122.93 bn), a boost of 5.1% is videotaped.

The genuine GVA of Non-Mining as well as Quarrying tasks is estimated at QR 115.81 bn in Q4 2022, which reveals an increase of 9.9% over the quote of the Q4 2021 (QR105.43 bn).

When contrasted to Q3 2022 revised price quote (QR110.95 bn), an increase of 4.4% is also recorded.

Last Updated: 06 April 2023

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