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195471
Sun, 07/17/2011 - 22:15
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Qatar's GDP Estimated at QR 141.84 billion in the Q1 of 2011
Doha, July 17 (QNA) - Qatar Statistics Authority (QSA) has released the preliminary estimates of Gross Domestic Product (GDP) at current prices for the first quarter (Q1) of 2011. QSA has used the information collected through the Quarterly Economic Indicator Survey and from other agencies and Ministries/Departments. The salient features of Q1 2011 estimates are discussed in the following paragraphs. However, users are advised to be cautious in the interpretation of the comparison with the preceding quarter because of the possible presence of seasonality.
The quarterly GDP at current prices is estimated at QR 141.84 billion in the Q1 of 2011. Compared to the estimates of Q1 of 2010 with QR 110.46 billion, this represents an increase of 28.4%; while compared to Q4 of 2010 estimates of QR 126.44 billion, this represents an increase of 12.2%
An analysis by industry groups, comparing the performance in Q1 of 2011 with the corresponding quarter in 2010 Year on Year Basis , and with the fourth quarter (Q4) of 2010 is given below:
In Q1 of 2011, the Gross Value Added (GVA) for the Mining and Quarrying sector is estimated at QR 81.12 billion. Compared to the level recorded in the Q1 of 2010 with QR 56.26 billion, this represents an increase of 44.2%, and compared to the previous quarter (Q4 of 2010) at QR 67.71 billion, it shows a rise of 19.8%. The increase in value is the combined effect of higher volume of production of Oil & Gas (17%: Q1 2011 over Q1 2010) and higher prices.
The GVA of Manufacturing sector is estimated at QR 14.14 billion in Q1 of 2011 registering an increase of 19.7% over the corresponding quarter of 2010 QR 11.81 billion in Q4 of 2010 . However, compared to the previous quarter (Q4 of 2010), the increase is 6.2%.
The Construction sector, which for the last two quarters of 2010, has been showing signs of recovery, maintained an upward trend in Q1 2011. GVA has been continuously rising from QR 5.3 billion in Q3, 2010 to QR 5.8 billion in Q4 2010, and to QR 6.1 billion in Q1 2011.
The Transport and Communication sector generated a value added of QR 5.34 billion in Q1 of 2011 against QR 4.45 billion in Q1 of 2010 showing a rise of 20.1%. Compared to the previous quarter, Q4 of 2010, the increase was 15%.
For Finance, Insurance, Real Estate & Business Services, the GVA is estimated at QR 15.97 billion in Q1 of 2011, showing an increase of 10.4% when compared to the corresponding quarter (Q1) in 2010.
The contribution of the Government Services which includes the provision of public health, education and other miscellaneous services is estimated at QR 10.17 billion in Q1 of 2011, which is 20.6% higher than the Q1 of 2010, and 5.7% higher than the previous quarter (Q4 of 2010).
In line with the final revision of the annual estimates of GDP for the period 2004 to 2009 released by QSA on17th July, 2011, the preliminary quarterly and annual estimates for 2010 released in April, 2011 have also been revised. Accordingly, the preliminary estimate of GDP for 2010 at current prices attained QR 463.49 billion, which shows a rise of 30.1% over the GDP estimates for 2009 in nominal terms. However, in real terms, GDP most likely grew by around 16%.
The quarterly GDP at current prices is estimated at QR 141.84 billion in the Q1 of 2011. Compared to the estimates of Q1 of 2010 with QR 110.46 billion, this represents an increase of 28.4%; while compared to Q4 of 2010 estimates of QR 126.44 billion, this represents an increase of 12.2%
An analysis by industry groups, comparing the performance in Q1 of 2011 with the corresponding quarter in 2010 Year on Year Basis , and with the fourth quarter (Q4) of 2010 is given below:
In Q1 of 2011, the Gross Value Added (GVA) for the Mining and Quarrying sector is estimated at QR 81.12 billion. Compared to the level recorded in the Q1 of 2010 with QR 56.26 billion, this represents an increase of 44.2%, and compared to the previous quarter (Q4 of 2010) at QR 67.71 billion, it shows a rise of 19.8%. The increase in value is the combined effect of higher volume of production of Oil & Gas (17%: Q1 2011 over Q1 2010) and higher prices.
The GVA of Manufacturing sector is estimated at QR 14.14 billion in Q1 of 2011 registering an increase of 19.7% over the corresponding quarter of 2010 QR 11.81 billion in Q4 of 2010 . However, compared to the previous quarter (Q4 of 2010), the increase is 6.2%.
The Construction sector, which for the last two quarters of 2010, has been showing signs of recovery, maintained an upward trend in Q1 2011. GVA has been continuously rising from QR 5.3 billion in Q3, 2010 to QR 5.8 billion in Q4 2010, and to QR 6.1 billion in Q1 2011.
The Transport and Communication sector generated a value added of QR 5.34 billion in Q1 of 2011 against QR 4.45 billion in Q1 of 2010 showing a rise of 20.1%. Compared to the previous quarter, Q4 of 2010, the increase was 15%.
For Finance, Insurance, Real Estate & Business Services, the GVA is estimated at QR 15.97 billion in Q1 of 2011, showing an increase of 10.4% when compared to the corresponding quarter (Q1) in 2010.
The contribution of the Government Services which includes the provision of public health, education and other miscellaneous services is estimated at QR 10.17 billion in Q1 of 2011, which is 20.6% higher than the Q1 of 2010, and 5.7% higher than the previous quarter (Q4 of 2010).
In line with the final revision of the annual estimates of GDP for the period 2004 to 2009 released by QSA on17th July, 2011, the preliminary quarterly and annual estimates for 2010 released in April, 2011 have also been revised. Accordingly, the preliminary estimate of GDP for 2010 at current prices attained QR 463.49 billion, which shows a rise of 30.1% over the GDP estimates for 2009 in nominal terms. However, in real terms, GDP most likely grew by around 16%.
