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374392
Mon, 07/13/2015 - 21:13
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Qatar’s Ministry of Development Planning and Statistics Releases QSOA

Doha, July 13 (QNA) - The Ministry of Development Planning and Statistics (MDPS) have released the quarterly sequence of accounts providing preliminary estimates of the National Income, Saving and also the expenditure components of GDP for the First quarter of 2015 at current prices. The Quarterly Sequence of Accounts (QSOA) for the total economy of Qatar provides a comprehensive picture of current economic developments in the country. The quarterly estimates of Gross National Income (GNI), for the Q1, 2015 is placed at QR 169.53 billion which shows a decrease of 11.9%, when compared to the GNI estimate of Q1, 2014 (QR 192.35 billion). Compared to the previous quarter (Q4, 2014), estimate of QR 175.64 billion, a decline of 3.5% in the GNI of this quarter has been recorded. The Gross National saving has been estimated at QR 94.49 billion in Q1, 2015 as against QR 122.83 billion registered in Q1, 2014, showing a Year-on-year (Y-o-Y) fall of 23.1%. Compared to the previous quarter (Q4, 2014), the gross saving has gone down by 9.1%. The gross saving ratio to nominal GDP in Q1, 2015 is placed at 54.6%. The comparative figures for Q1, 2014 and Q4, 2014 are estimated to be 61.1% and 56.6%. The Household Final Consumption Expenditure (HFCE) in Q1, 2015 has been placed at QR 31.53 billion against QR 27.80 billion estimated in Q1, 2014, showing an increase of 13.4%. Rising population and the price rise of consumer items in the country have led to this rise. The share of HFCE in the nominal GDP, in Q1, 2015 is estimated at 18.2%. The corresponding figures for Q1, 2014 and Q4, 2014 are 13.8% and 16.1% respectively. The Government Final Consumption Expenditure (GFCE) for Q1, 2015 has been estimated at QR 29.0 billon against QR 26.50 billion recorded in Q1 of 2014, showing a Y-o-Y rise of 9.4%. The percentage share of GFCE in nominal GDP during Q1, 2015 has been estimated at 16.8%. The corresponding shares for Q1, 2014 and Q4, 2014 have been 13.2% and 15.1% respectively. The Gross Capital Formation (GCF) has been estimated at QR 72.26 billon in Q1 of 2015 as against QR 61.09 billio in Q1, 2014, showing an increase of 18.3%. Major investments in construction sector especially in the infrastructure related projects continue to impact the rise. The percentage share of GCF in nominal GDP during Q1, 2015 has been estimated at 41.8%. The corresponding shares for Q1, 2014 and Q4, 2014 have been 30.4% and 35.9% respectively. The total value of exports (at F.O.B) from the country has been estimated at QR 94.05 billion in Q1 of 2015 as against QR 145.12 billion in Q1, 2014, showing a steep decline of 35.2%. This Y-o-Y fall in the total exports during Q1, 2015 is noticed mainly in Mineral fuels, lubricants and related materials. The percentage share of exports in nominal GDP during Q1, 2015 has been estimated at 54.4%. The corresponding shares for Q1, 2014 and Q4, 2014 exports in GDP have been 72.1% and 63.5% respectively. The total value of imports (at F.O.B) in the country has been estimated at QR 53.82 billion in Q1 of 2015 as against QR 59.37 billion recorded in Q1, 2014, showing a fall of 9.4%. The percentage share of imports in nominal GDP during Q1, 2015 has been estimated at 31.1%. The corresponding shares for Q1, 2014 and Q4, 2014 have been 29.5% and 30.6% respectively. (END)

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