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 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 Third quarter of 2021 and compares it with the GDP estimates for the Third quarter of 2020 and the revised estimates for the second quarter of 2021.
HIGHLIGHTS
- Gross domestic product at current prices (nominal GDP) increased by 40.6% in the third quarter of 2021 over the third quarter of 2020.
- Gross domestic product at constant prices (real GDP, 2018=100) increased by 2.6% in the third quarter of 2021, year on year.
- Gross value added at constant 2018 prices for Mining and Quarrying activities decreased by 0.7% in the third quarter of 2021 compared to the same quarter in 2020.
- Gross value added at constant 2018 prices for Non-Mining and Quarrying activities increased by 4.7% in the third quarter of 2021, year on year.
Third Quarter 2021 Nominal and Real GDP Estimates
The quarterly GDP at current prices in Q3 of 2021 is estimated at QR 176,225 billion. This represents an increase of 40.6% compared to the estimate of Q3 of 2020 placed at QR 125,325 billion. When compared to previous quarter (Q2) of 2021 revised estimate of QR 156,289 billion, an increase of 12.8% is recorded.
The quarterly GDP at constant prices (2018=100) shows an increase of 2.6% in Q3 of 2021 (QR 168,126 billion) compared to the estimate of Q3 of 2020 (QR 163,898 billion). When compared to Q2 of 2021 revised estimate (QR 161,712 billion), an increase of 4.0% is also recorded.
Mining and Quarrying Activities
The nominal gross value added (GVA) estimate of Mining and Quarrying activities is estimated at QR 67.976 billion in Q3 2021, which shows an increase of 101.9% over the estimate of Q3 2020 placed at QR 33,674 billion. Compared to the previous quarter revised estimate (QR 57,493 billion), an increase of 18.2% in the GVA of this sector is recorded.
The real GVA of these activities is estimated at QR 62,685 billion in Q3 2021, which shows a decrease of 0.7% compared to the estimate of Q3 2020 (QR 63.151 billion). Compared to Q2 2021 revised estimate (QR 63.146 billion), a decrease of 0.7% 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 108.249 billion in Q3 2021, which shows an increase of 18.1% over the estimate of Q3 2020 (QR 91.651 billion). Compared to the previous quarter revised estimate (QR 98.796 billion), an increase of 9.6% is recorded.
The real GVA of Non-Mining and Quarrying activities is estimated at QR 105.441 billion in Q3 2021, which shows an increase of 4.7% over the estimate of the Q3 2020 (QR 100.746 billion). When compared to the Q2 2021 revised estimate (QR 98.566 billion), an increase of 7.0% is also recorded.
