Qatar's Q4 2014 GDP Estimated at QR 194.40 Billion

The nominal GVA estimate of Non-Mining and Quarrying sectors in the Q4, 2014 has been placed at 100.12 Bn QR, which shows an increase of 11.8% over the GVA estimate of Q4, 2013 (89.58 Bn QR). Compared to the previous quarter (Q3, 2014) estimate, there has been an increase of 2.4% in the GVA of these sectors. The real GVA of these sectors in Q4, 2014, totaled to 62.22 Bn QR, which shows a growth of 10.3% over the GVA (56.43 Bn QR) estimated in the corresponding quarter Q4, 2013. The Q-o-Q growth of these sectors is 1.7%. The Y-o-Y growth in the Q4, 2014 is the result of double digit rise seen mainly in electricity, construction, trade, hotels, transport & communication, and domestic services. Rising country’s population in Q4, 2014 is another factor in contributing such a growth. The nominal GVA of manufacturing sector in Q4, 2014 is estimated at 19.13 Bn QR showing an increase of 3.5% over the estimate of Q4, 2013 18.48 Bn QR. However, compared to the previous quarter (Q3, 2014) estimate, a decline of 5.1% is noted. The real GVA of this sector is estimated at 8.58 Bn QR in Q4, 2014 showing a growth of 5.0% over the estimate 8.17 Bn QR of corresponding quarter Q4 of 2013. However, compared to the previous quarter (Q3, 2014) GVA of this sector, there has been a fall of 3.3%. The Y-o-Y growth in the manufacturing sector is mainly driven by higher volumes of production of basic chemicals, some petrochemicals and other non-metallic mineral products. The nominal GVA estimate of the construction at 11.17 Bn QR in Q4, 2014 shows an increase of 22.0% when compared to the estimate of corresponding quarter Q4 of 2013 9.15 Bn QR. Compared to the previous quarter, an increase of 3.7% has been seen. The real GVA of the construction sector at 12.95 Bn QR in Q4, 2014, shows a growth of 17.7% when compared to the GVA estimate 11 Bn QR of the corresponding quarter Q4 of 2013. Compared to the previous quarter, a growth of 4.7% has been registered. The Y-o-Y double digit growth is primarily due to rising production volume seen in this quarter. Major public investments in this sector especially in the infrastructure related projects have led to consistent growth in this sector. The nominal GVA of the Trade, Hotel and Restaurants sectors is estimated at 14.83 Bn QR in Q4 of 2014 registering an increase of 13.1% over the GVA estimate 13.10 Bn QR of the corresponding quarter Q4 of 2013. Compared to the previous quarter (Q3, 2014) estimate, there has been an increase of 5.4%. The real GVA of this sector is estimated at 9.46 Bn QR in Q4, 2014, recording a growth of 12.8% over the GVA estimate 8.39 Bn QR of the corresponding quarter Q4 of 2013. Compared to the previous quarter (Q3, 2014) GVA estimate, there has been a growth of 4.5% in this sector. This double digit rise in this group during Q4, 2014 has resulted from the high trading and hospitality activities seen along with the increasing population of the country. The Transport and Communication sector generated a nominal value addition of 7.05 Bn QR in Q4, 2014 against 6.29 Bn QR in Q4, 2013 showing a rise of 12.2%. However, compared to the previous quarter Q3, 2014, a decline of 2.9% in the GVA estimate has been noticed in this group. Real value addition in this sector has been 6.72 Bn QR in Q4, 2014 as against 6.09 Bn QR estimated in Q4, 2013. It shows a growth of 10.4%. However, compared to the previous quarter (Q3, 2014) estimates, the GVA estimate has fallen by 1.9%. The nominal GVA of (Finance, Insurance, Real Estate & Business Services) group of economic activities is estimated at 28.57 Bn QR in Q4 of 2014, showing an increase of 16%, (primarily due to rise in insurance, financing and real estate sectors) when compared to the corresponding quarter (Q4, 2013) estimate of 24.62 Bn QR. Compared to the previous quarter, Q3 of 2014, an increase of 6.0% in the GVA estimate has been recorded. The real GVA of this group is estimated at 13.26 Bn QR in Q4, 2014, showing a growth of 9.2% when compared to the corresponding quarter (Q4) estimate of 12.15 Bn QR in 2013. Compared to the previous quarter (Q3, 2014), a growth of 3.4% in the GVA of Q4 of 2014 has been noticed. The nominal GVA contribution of the "Government Services" which includes the provision of public health, education and other miscellaneous services is estimated at 19.28 Bn QR in Q4 of 2014, which is 7.5% higher than the estimate 17.93 Bn QR of Q4, 2013. Compared to the previous quarter (Q3, 2014) estimates, the GVA estimate has risen by 0.7%. The real GVA contribution of the "Government Services" is estimated at 11.50 Bn QR in Q4 of 2014, which is 5.9% higher than the estimate of Q4 of 2013 (10.86 Bn QR). However, compared to the previous quarter (Q3, 2014) estimate, the GVA estimate has fallen by 0.9%. (QNA)