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 second quarter (Q2) 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 Q1 2018 have been revised with the latest available data.
HIGHLIGHTS
• Gross Domestic Product at current prices (Nominal GDP) increase by 17.9% in the second quarter of 2018 over the second quarter of 2017.
• Gross Domestic Product at constant prices (Real GDP, 2013=100) increase by 2.5% year-on-year.
Second Quarter 2018
Nominal and Real GDP Estimates
The quarterly GDP at current prices in Q2 of 2018 is estimated at QR 171.51 billion. This represents an increase of 17.9% compared to the estimate of Q2 of 2017 placed at QR 145.50 billion. When compared to previous quarter (Q1 of 2018) revised estimate of QR 167.11 billion, an increase of 2.6% is recorded
The quarterly GDP at constant prices (2013=100) in Q2 of 2018 (QR 204.36 billion) shows a growth of 2.5% compared to the estimate of Q2 of 2017 (QR 199.30 billion). However, compared to the previous quarter (Q1 of 2018) revised estimate of QR 200.36 billion an increase of 2.0% is recorded.
Mining and Quarrying activities
The nominal Gross Value Added (GVA) estimate of Mining and Quarrying activities is estimated at QR 62.83 billion in Q2 2018, which shows an increase of 36.6% over the estimate of Q2 2017 placed at QR 45.99 billion. Compared to the previous quarter (Q1 of 2018) revised estimate, there has been an increase of 9.5% in the GVA of this sector.
The real GVA of these activities in Q2 2018 is estimated at QR 98.00 billion, which shows a decrease of 1.1% over the estimate of Q2 2017 (QR 99.06 billion). However, compared to Q1 2018 revised estimate, there has been an increase of 3.9% 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 108.68 billion in Q2 2018, which shows an increase of 9.2% over the estimate of Q2 2017 (QR 99.52 billion). Compared to the previous quarter (Q1 of 2018) revised estimate, a decrease of 1.0% has been recorded.
The real GVA of these activities totaled QR 106.36 billion in Q2 2018, which shows a growth of 6.1% over the estimate of the corresponding quarter in 2017 (QR 100.24 billion). However, compared to Q1 2018 revised estimate, the real GVA of Non-Mining and Quarrying activities has increased by 0.3%.
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