The Planning and Statistics Authority (PSA) have released the preliminary estimates of gross domestic product (GDP) at current and constant prices for the third quarter (Q3) of 2018. GDP by economic activities and by components of expenditure. The estimates have been produced by using the data collected through the Quarterly Economic Indicator Survey and from other source agencies and other published data.
GDP at current and constant prices for the last eight quarters are given in this report. Nominal GDP estimates by components of expenditure are also provided. Classification of economic activities follows the International Standard Industrial Classification (ISIC Rev.4).
HIGHLIGHTS
• Real gross domestic product at constant prices (2013=100) growth is 2.2% in the third quarter of 2018 over the same quarter in 2017.
• Mining and quarrying activities decrease by 0.1% in real terms in the third quarter of 2018 when compared to the third quarter of 2017.
• Non-mining and quarrying activities real growth in the third quarter of 2018 is 4.3%, year on year.
1. Nominal and Real GDP Estimates by Economic Activity
The quarterly GDP at current prices in the third quarter of 2018 is estimated at QR 180.90 billion. This represents an increase of 20.4% compared to the estimate of the third quarter of 2017 placed at QR 150.19 billion. When compared to previous quarter (second quarter of 2018) revised estimate of QR 170.58 billion, an increase of 6.0% is noticed.
The quarterly GDP at constant 2013 prices in the third quarter of 2018 is estimated at QR 210.77 billion, which shows a growth of 2.2% compared to the third quarter of 2017 (QR 206.29 billion). However, compared to the second quarter of 2018 revised estimate of QR 202.73 billion an increase of 4.0% is recorded.
It is to be noted that the year-on-year growth rate of GDP at constant 2013 prices for the second quarter of 2018 has been revised and placed at 1.7% from a 2.5% preliminary estimated. This revision is mainly due to the update of the gross value added of mining and quarrying activities with data that was not available at the moment of reporting Q2 2018 GDP preliminary estimates on September 30th, 2018.
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