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Qatar’s GDP rises 0.9% to QR167.33 bn in Q1

Qatar’s GDP rises 0.9% to QR167.33 bn in Q1

Satyendra Pathak
Doha
Qatar’s gross domestic product (GDP) at constant prices increased 0.9 percent to QR167.33 billion in the first quarter of 2020 when compared to the revised estimate of GDP in the first quarter of 2019, according to the preliminary estimates of the Planning and Statistics Authority (PSA) released on Thursday.
When compared to the revised estimate of QR169.64 billion in the previous quarter, that is the fourth quarter of 2019, a decrease of 1.4 percent has been recorded.
The PSA, which released the preliminary estimates of GDP at both constant and current prices, said that GDP at current prices in the first quarter of 2020 is estimated at QR 153.77 billion. This represents a decrease of 5.5 percent compared to the revised estimate of QR 162.71 billion in the first quarter of 2019. When compared to the revised estimate of QR 159.65 billion in the previous quarter, a decrease of 3.7 percent has been recorded. page 8