The Qatari economy achieved a real growth rate — at constant prices — of 8 percent during the Q4 of 2022, year-on-year, compared to the same period of 2021.
The data of the Planning and Statistics Authority (PSA) released on Tuesday showed that the quarterly GDP at constant prices increased by 8 percent in Q4 of 2022 (QR179.99 billion) compared to the estimate of Q4 of 2021 (QR166.68 billion).
When compared to Q3 of 2022 revised estimate (QR175.32 billion), an increase of 2.7 percent is also recorded.
In the same context, the quarterly GDP at current prices in Q4 is estimated at QR220.43 billion. This represents an increase of 26.2 percent compared to the estimate of Q4 of 2021 placed at QR174.65 billion.
When compared to previous quarter (Q3) of 2022 revised estimate of QR229.69 billion, a decrease of 4 percent is recorded.
The nominal gross value added (GVA) estimate of Mining and Quarrying activities is estimated at QR91.25 billion in Q4, which shows an increase of 43.4 percent over the estimate of Q4 2021 placed at QR63.64 billion.
Compared to the previous quarter Q3 2022 revised estimate (QR106.76 billion), a decrease of 14.5 percent in the GVA of this sector is recorded.
The real GVA of these activities is estimated at QR64.18 billion in Q4 2022, which shows an increase of 4.8 percent compared to the estimate of Q4 2021 (QR61.25 billion).
Compared to Q3 2022 revised estimate (QR64.37 billion), a decrease of 0.3 percent in the real GVA of this sector is also recorded.
The nominal GVA of Non-Mining and Quarrying activities is estimated at QR129.18 billion in Q4 2022, which shows an increase of 16.4 percent over the estimate of Q4 2021 (QR111.01 billion).
Compared to the previous quarter Q3, 2022 revised estimate (QR122.93 billion), an increase of 5.1 percent is recorded.