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. The estimates have been produced by using the data collected through the Quarterly Economic Indicator Survey and from other source agencies. The estimates for Q2 2018 have been revised with the latest available data.
HIGHLIGHTS
• Gross Domestic Product at current prices (Nominal GDP) increase by 20.4% in the third quarter of 2018 over the third quarter of 2017.
• Gross Domestic Product at constant prices (Real GDP, 2013=100) increase by 2.2% year-on-year.
Third Quarter 2018
Nominal and Real GDP Estimates
The quarterly GDP at current prices in Q3 of 2018 is estimated at QR 180.90 billion. This represents an increase of 20.4% compared to the estimate of Q3 of 2017 placed at QR 150.19 billion. When compared to previous quarter (Q2 of 2018) revised estimate of QR 170.58 billion, an increase of 6.0% is recorded.
The quarterly GDP at constant prices (2013=100) in Q3 of 2018 (QR 210.77 billion) shows a growth of 2.2% compared to the estimate of Q3 of 2017 (QR 206.29 billion). However, compared to the previous quarter (Q2 of 2018) revised estimate of QR 202.73 billion an increase of 4.0% is recorded.
Mining and Quarrying activities
The nominal Gross Value Added (GVA) estimate of Mining and Quarrying activities is estimated at QR 67.89 billion in Q3 2018, which shows an increase of 43.9% over the estimate of Q3 2017 placed at QR 47.18 billion. Compared to the previous quarter (Q2 of 2018) revised estimate, there has been an increase of 11.1% in the GVA of this sector.
The real GVA of these activities in Q3 2018 is estimated at QR 98.82 billion, which shows a decrease of 0.1% over the estimate of Q3 2017 (QR 98.93 billion). However, compared to Q2 2018 revised estimate, there has been an increase of 3.7% 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 113.01 billion in Q3 2018, which shows an increase of 9.7% over the estimate of Q3 2017 (QR 103.01 billion). Compared to the previous quarter (Q2 of 2018) revised estimate, an increase of 3.2% has been recorded.
The real GVA of these activities totaled QR 111.96 billion in Q3 2018, which shows a growth of 4.3% over the estimate of the corresponding quarter in 2017 (QR 107.36 billion). However, compared to Q2 2018 revised estimate, the real GVA of Non-Mining and Quarrying activities has increased by 4.2%.
For more information click here
