The Planning and Statistics Authority (PSA) have released the preliminary estimates of gross domestic product (GDP) at current and constant prices for the second quarter (Q2) of 2021. The estimates have been produced with data collected through the Quarterly Economic Indicator Survey and from other source agencies.
This press release presents the estimates of GDP for the second quarter of 2021 and compares it with the GDP estimates for the second quarter of 2020 and the revised estimates for the first quarter of 2021.
HIGHLIGHTS
- Gross domestic product at current prices (nominal GDP) increase by 36.1% in the second quarter of 2021 over the second quarter of 2020.
- Gross domestic product at constant prices (real GDP, 2018=100) increase by 4.0% in the second quarter of 2021, year on year.
- Gross value added at constant 2018 prices for Mining and Quarrying activities increase by 0.7% in the second quarter of 2021 compared to the same quarter in 2020.
- Gross value added at constant 2018 prices for Non-Mining and Quarrying activities increase by 6.2% in the second quarter of 2021, year on year.
Second Quarter 2021 Nominal and Real GDP Estimates
The quarterly GDP at current prices in Q2 of 2021 is estimated at QR 156.31 billion. This represents an increase of 36.1% compared to the estimate of Q2 of 2020 placed at QR 114.88 billion. When compared to previous quarter (Q1) of 2021 revised estimate of QR 148.28 billion, an increase of 5.4% is recorded.
The quarterly GDP at constant prices (2018=100) shows an increase of 4.0% in Q2 of 2021 (QR 161.64 billion) compared to the estimate of Q2 of 2020 (QR 155.45 billion). When compared to Q1 of 2021 revised estimate (QR 162.15 billion), a decrease of 0.3% is also recorded.
Mining and Quarrying Activities
The nominal gross value added (GVA) estimate of Mining and Quarrying activities is estimated at QR 57.49 billion in Q2 2021, which shows an increase of 103.9% over the estimate of Q2 2020 placed at QR 28.20 billion. Compared to the previous quarter revised estimate (QR 51.81 billion), an increase of 11.0% in the GVA of this sector is recorded.
The real GVA of these activities is estimated at QR 63.15 billion in Q2 2021, which shows an increase of 0.7% compared to the estimate of Q2 2020 (QR 62.73 billion). Compared to Q1 2021 revised estimate (QR 62.87 billion), an increase of 0.4% in the real GVA of this sector is also recorded.
Non-Mining and Quarrying Activities
The nominal GVA of Non-Mining and Quarrying activities is estimated at QR 98.82 billion in Q2 2021, which shows an increase of 14.0% over the estimate of Q2 2020 (QR 86.68 billion). Compared to the previous quarter revised estimate (QR 96.47 billion), an increase of 2.4% is recorded.
The real GVA of Non-Mining and Quarrying activities is estimated at QR 98.49 billion in Q2 2021, which shows an increase of 6.2% over the estimate of the Q2 2020 (QR 92.72 billion). When compared to the Q1 2021 revised estimate (QR 99.29 billion), a decrease of 0.8% is also recorded.
