The Planning and Statistics Authority (PSA) have released the preliminary estimates of Gross Domestic Product (GDP) at current and constant prices for the first quarter (Q1) of 2019. The estimates have been produced by using the data collected through the Quarterly Economic Indicator Survey and from other source agencies. The estimates for all four quarters of 2018 have been revised with the latest available data.
HIGHLIGHTS
• Gross Domestic Product at current prices (Nominal GDP) increase by 1.5% in the first quarter of 2019 over the first quarter of 2018.
• Quarterly Gross Domestic Product at constant prices (Real GDP, 2013=100) increase by 0.9% year-on-year.
First Quarter 2019
Nominal and Real GDP Estimates
The quarterly GDP at current prices in Q1 of 2019 is estimated at QR 168.78 billion. This represents an increase of 1.5% compared to the revised estimate of Q1 of 2018 placed at QR 166.36 billion. When compared to previous quarter (Q4 of 2018) revised estimate of QR 180.74 billion, a decrease of 6.6% is recorded.
The quarterly GDP at constant prices (2013=100) in Q1 of 2019 (QR 202.33 billion) shows a growth of 0.9% compared to the revised estimate of Q1 of 2018 (QR 200.58 billion). However, compared to the previous quarter (Q4 of 2018) revised estimate of QR 207.75 billion a decrease of 2.6% is recorded.
Mining and Quarrying activities
The nominal Gross Value Added (GVA) estimate of Mining and Quarrying activities is estimated at QR 60.64 billion in Q1 2019, which shows an increase of 3.6% over the revised estimate of Q1 2018 placed at QR 58.51 billion. Compared to the previous quarter (Q4 of 2018) revised estimate, there has been a decrease of 10.2% in the GVA of this sector.
The real GVA of these activities in Q1 2019 is estimated at QR 96.37 billion, which shows an increase of 0.1% over the revised estimate of Q1 2018 (QR 96.30 billion). However, compared to Q4 2018 revised estimate, there has been a decrease of 0.8% 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 108.15 billion in Q1 2019, which shows an increase of 0.3% over the revised estimate of Q1 2018 (QR 107.85 billion). Compared to the previous quarter (Q4 of 2018) revised estimate, a decrease of 4.5% has been recorded.
The real GVA of these activities totaled QR 105.96 billion in Q1 2019, which shows a growth of 1.6% over the revised estimate of the corresponding quarter in 2018 (QR 104.28 billion). However, compared to Q4 2018 revised estimate, the real GVA of Non-Mining and Quarrying activities has decreased by 4.2%.
For more information click here