Nominal GDP grows 20.4% in 2018 Q3 Jan 04, 2019 0 956 12345 QNADohaQatar’s Gross Domestic Product at current prices (Nominal GDP) grew by 20.4 percent in the third quarter of 2018 (Q3) over the same quarter in the previous year.The quarterly GDP at current prices in Q3 of 2018 is estimated at QR180.90 billion. This represents an increase of 20.4 percent compared to the estimate of Q3 of 2017 (QR150.19 billion). When compared to previous quarter (Q2 of 2018) revised estimate of QR 170.58 billion, it grew by 6 percent.The GDP growth accelerated to an annual 2.2 percent in the third quarter of 2018 from a revised 1.7 percent in the second quarter, the Ministry of Development Planning and Statistics said on Thursday. The quarterly GDP at constant prices (2013=100) in Q3 of 2018 (QR 210.77 billion) shows a growth of 2.2 percent compared to the estimate of Q3 of 2017 (QR 206.29 billion). However, quarter-on-quarter growth climbed to 4 percent, the highest rate in at least two years, from 1.2 percent.This came in the preliminary estimates of GDP at current and constant prices for the third quarter (Q3) of 2018, released by the Planning and Statistics Authority (PSA). The estimates have been made by using the data collected through the Quarterly Economic Indicator Survey and from other source agencies.In the Mining and Quarrying sector, the nominal Gross Value Added (GVA) estimate is QR 67.89 billion in Q3 2018, which shows an increase of 43.9 percent over the estimate of Q3 2017 placed at QR 47.18 billion. Compared to the previous quarter (Q2 of 2018) revised estimate, there has been an increase of 11.1 percent in the GVA of this sector.The real GVA of these activities in Q3 2018 is estimated at QR 98.82 billion, which shows a decrease of 0.1 percent over the estimate of Q3 2017 (QR 98.93 billion). However, compared to Q2 2018 revised estimate, there has been an increase of 3.7 percent in the real GVA of this sector. RELATED ARTICLES MSC Splendida calls on Doha Port Jan 04, 2019 0 1834 Dust storm likely today: QMD Jan 04, 2019 0 1651 China lands probe on far side of moon Jan 04, 2019 0 3167 Get a taste of coffee as Kaffeinated fest kicks off at Katara Ailyn Agonia Doha Nearly 70 exhibitors showcasing different coffee shop themes and concepts feature in the 3rd edition of Kaffeinated, which opened at the Katara Esplanade on Thursday. The Kaffeinated Festival being .. graduation of 13th batch of parachute course The Joint Special Forces celebrated on Thursday the graduation of the 13th batch of parachute course. These graduates will form the 14th batch of the candidates of Ahmed Bin Mohamed Military College for the 2018-19 .. Pelosi, Democrats retake control of US House Democrats have vowed to pass bills that would end a government shutdown as they took control of the US House of Representatives on Thursday. Veteran Democratic lawmaker Nancy Pelosi was elected speaker of the House for .. Djokovic battles through to Qatar semi-finals Djokovic battles through to Qatar semi-finals Foreign funds buy Qatari equities worth $2.5 bn in 2018 DOHA Foreign institutions bought Qatari equities worth $2.5 billion on a net basis in 2018, QNB Financial Services (QNBFS) has said in its latest weekly report. According to yearly data released by Qatar Stock Exchange .. Trump gives no timetable for pull-out from Syria US President Donald Trump has said the United States would get out of Syria “over a period of time” and that he wants to protect the US-backed Kurdish fighters in the country as Washington draws down troops. Trump did not ..