The Ministry of Development Planning and Statistics (MDPS) has released the quarterly sequence of accounts providing estimates of the National Income, Saving and also the expenditure components of GDP for the second quarter of 2014 at current prices.     Estimates of Q2, 2014 over Q2, 2013-Highlights    •   Gross National Income (GNI) shows an increase of 7.9%    •   Gross Saving of the Qatar (S) shows an increase of 5.7%    •   Household Final Consumption Expenditure (HFCE) shows an increase of 10.5%    •   Government Final Consumption Expenditure (GFCE) shows an increase of 10.2%    •   Gross Capital Formation (GCF) or Gross Investments shows an increase of 16.2%    •   Export of Goods and Services (F. O. B) shows an increase of 2.4%    •   Imports of Goods and Services (F.O.B) shows an increase of 8.5% Quarterly Sequence of Accounts for the total economy of Qatar The Quarterly Sequence of Accounts (QSOA) for the State of Qatar provides a comprehensive picture of current economic developments in the country. The major macroeconomic variables like GDP, National Income, Savings etc. which are the balancing items of respective accounts are discussed in the following paragraphs. Table (1) - in the file attached below - presents the QSOA for the Q2, 2014 with a comparison to the corresponding estimates of Q4, 2013 and Q1, 2014. National Income The quarterly estimates of Gross National Income (GNI), for the Q2, 2014 is placed at 182.60 Bn QR which shows an increase of 7.9%, when compared to the GNI estimate of Q2, 2013 [169.21 Bn QR]. It may be seen from the Table (1)  - in the file attached below - that the net outflow of property income from Qatar has shown a decline of 18.2%. This explains the Year-on-year (Y-o-Y) rise in the National income in this quarter. However, on quarter-on-quarter (Q-o-Q) basis, GNI in Q2, 2014 has gone down by 1.3% when compared to the GNI of Q1, 2014. Saving of the Nation The Gross saving of the nation has been estimated at 111.76 Bn QR in Q2, 2014 as against 105.76 Bn QR recorded in Q2, 2013, showing a Year-on-year (Y-O-Y) rise of 5.7%. However, compared to the previous quarter (Q1), the gross saving has gone down by -4.0%. The gross saving ratio to nominal GDP in Q2, 2014 is placed at 58.9%. The comparative figures for Q1, 2014 and Q2, 2013 are estimated to be 60.1% and 59.5%. Read more