The Ministry of Development Planning and Statistics (MDPS) have released the preliminary estimates of Gross Domestic Product (GDP) at current and constant prices for the fourth quarter (Q4) of 2017. The estimates have been produced by using the data collected through the Quarterly Economic Indicator Survey and from other source agencies.
HIGHLIGHTS
Gross Domestic Product at current prices (Nominal GDP) increase by 9.4% in the fourth quarter of 2017 over the fourth quarter of 2016.
Gross Domestic Product at constant prices (Real GDP, 2013=100) increase by 1.8% year-on-year.
Fourth Quarter 2017 Nominal and Real GDP Estimates
The quarterly GDP at current prices in Q4 of 2017 is estimated at QR 160.88 billion. This represents an increase of 9.4% compared to the estimate of Q4 of 2016 placed at QR 147.04 billion. When compared to previous quarter (Q3 of 2017) revised estimate of QR 152.21 billion, an increase of 5.7% is noticed.
The quarterly GDP at constant (2013) prices in Q4 of 2017 (QR 204.22 billion) shows a growth of 1.8% compared to the estimate of Q4 of 2016 (QR 200.69 billion). However, compared to the previous quarter (Q3 of 2017) revised estimate of QR 209.00 billion a decrease of 2.3% is recorded.
Mining and Quarrying activities
The nominal Gross Value Added (GVA) estimate of Mining and Quarrying activities is estimated at QR 53.44 billion in Q4 2017, which shows an increase of 15.2% over the estimate of Q4 2016 placed at QR 46.37 billion. Compared to the previous quarter (Q3 of 2017) revised estimate, there has been an increase of 7.1% in the GVA of this sector.
The real GVA of these activities in Q4 2017 is estimated at QR 95.67 billion, which shows a decrease of 0.4% over the estimate of Q4 2016 (QR 96.04 billion). However, compared to Q3 2017 revised estimate, there has been a decrease of 6.4% in the real GVA of this sector.
Non-Mining and Quarrying activities
The nominal GVA estimate of Non-Mining and Quarrying activities is estimated at QR 107.44 billion in Q4 2017, which shows an increase of 6.7% over the estimate of Q4 2016 (QR 100.67 billion). Compared to the previous quarter (Q3 of 2017) revised estimate, an increase of 5.0% has been recorded.
The real GVA of these activities totaled QR 108.55 billion in Q4 2017, which shows a growth of 3.7% over the estimate of the corresponding quarter in 2016 (QR 104.65 billion). However, compared to Q3 2017 revised estimate, the real GVA of Non-Mining and Quarrying activities have increased by 1.6%.
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