ID :
195387
Sat, 07/16/2011 - 22:06
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https://www.oananews.org//node/195387
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Qatar Statistics Releases GDP Estimates During the Period 2005-2009
Doha, July 16 (QNA) - Qatar Statistics Authority (QSA) has recently completed the revision of the GDP estimates for the years 2005 to 2009, which showed that during the same period GDP, in nominal terms, increased, on average, by 25.2% and in real terms, by 16.2%.
QSA has also published a revised series of value added and Gross Domestic Product (GDP) at current and constant prices. The status of the estimates for the years 2005 to 2009 is now final.
In respect of 2008, the level of GDP has been revised upward to 419.58 billion Qatari Riyal. The increase, in nominal terms, over the previous year is 44.6%, and in real terms, 17.7%, a QSA press release said.
In 2009, GDP dropped by 11.4% in nominal terms, but, in real terms, a positive growth of 12.0% was recorded. The revised series shows that during the period 2005-2009, GDP, in nominal terms, increased, on average, by 25.2% and in real terms, by 16.2%.
In current prices, there are slight differences in the overall GDP level despite upward and downward changes made at industry group level. The main reasons for the changes at industry level can be attributed to: (i) the reclassification of some industries (ii) the revision in the data source, (iii) the consistency in the valuation of output and (iv) the new compilation methodology used for the estimation of consumption of fixed capital by government. The revision of the series in constant 2004 prices has made use of an improved methodology, as well as the revised volume and producer price indices published by QSA in April 2011.
The revised series better reflect the diversification process taking place in Qatar s economy, the development in the non-mining industry groups, particularly manufacturing. An analysis of the data at constant (2004) prices for 2008 shows mining (Oil and Gas) growing, in real terms, by 13.0%, and the rest of the economy, by 21.4%.
In fact, in 2009, the country achieved a 12.0% growth in spite of the global recession, mainly because of the sustained growth momentum (17.5% growth) recorded in the non-hydrocarbon sectors, with mining posting a 4.5% growth.
Following the reclassification of some industries in manufacturing to ensure consistency and exhaustiveness and classification of hydrocarbon related products such as Gas to Liquid (GTL), and other petrochemicals, manufacturing registered a growth rate in real terms of 18.9% in 2008 and 13.7% in 2009. Other industry groups that have maintained high growth in 2008 and 2009 include sea and air transport, telecommunications, real estate and financial and other business activities.
QSA has produced the revised series on the basis of extensive use of micro-level data collected through the comprehensive Annual Economic Surveys for the years 2008 and 2009, and the integration of a wide variety of socio-economic statistics available from different data suppliers.
In line with international classification of economic activities (International Standard Industrial Classification (ISIC Rev 3.1), QSA is publishing an additional table on GDP by economic activity, at a more detailed level of activities.
QSA has also published a revised series of value added and Gross Domestic Product (GDP) at current and constant prices. The status of the estimates for the years 2005 to 2009 is now final.
In respect of 2008, the level of GDP has been revised upward to 419.58 billion Qatari Riyal. The increase, in nominal terms, over the previous year is 44.6%, and in real terms, 17.7%, a QSA press release said.
In 2009, GDP dropped by 11.4% in nominal terms, but, in real terms, a positive growth of 12.0% was recorded. The revised series shows that during the period 2005-2009, GDP, in nominal terms, increased, on average, by 25.2% and in real terms, by 16.2%.
In current prices, there are slight differences in the overall GDP level despite upward and downward changes made at industry group level. The main reasons for the changes at industry level can be attributed to: (i) the reclassification of some industries (ii) the revision in the data source, (iii) the consistency in the valuation of output and (iv) the new compilation methodology used for the estimation of consumption of fixed capital by government. The revision of the series in constant 2004 prices has made use of an improved methodology, as well as the revised volume and producer price indices published by QSA in April 2011.
The revised series better reflect the diversification process taking place in Qatar s economy, the development in the non-mining industry groups, particularly manufacturing. An analysis of the data at constant (2004) prices for 2008 shows mining (Oil and Gas) growing, in real terms, by 13.0%, and the rest of the economy, by 21.4%.
In fact, in 2009, the country achieved a 12.0% growth in spite of the global recession, mainly because of the sustained growth momentum (17.5% growth) recorded in the non-hydrocarbon sectors, with mining posting a 4.5% growth.
Following the reclassification of some industries in manufacturing to ensure consistency and exhaustiveness and classification of hydrocarbon related products such as Gas to Liquid (GTL), and other petrochemicals, manufacturing registered a growth rate in real terms of 18.9% in 2008 and 13.7% in 2009. Other industry groups that have maintained high growth in 2008 and 2009 include sea and air transport, telecommunications, real estate and financial and other business activities.
QSA has produced the revised series on the basis of extensive use of micro-level data collected through the comprehensive Annual Economic Surveys for the years 2008 and 2009, and the integration of a wide variety of socio-economic statistics available from different data suppliers.
In line with international classification of economic activities (International Standard Industrial Classification (ISIC Rev 3.1), QSA is publishing an additional table on GDP by economic activity, at a more detailed level of activities.
