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 first quarter (Q1) 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 2017 have been revised with the latest available data.
HIGHLIGHTS
• Gross Domestic Product at current prices (Nominal GDP) increase by 7.0% in the first quarter of 2018 over the first quarter of 2017.
• Gross Domestic Product at constant prices (Real GDP, 2013=100) increase by 1.4% year-on-year.
First Quarter 2018
Nominal and Real GDP Estimates
The quarterly GDP at current prices in Q1 of 2018 is estimated at QR 160.44 billion. This represents an increase of 7.0% compared to the revised estimate of Q1 of 2017 placed at QR 149.93 billion. When compared to previous quarter (Q4 of 2017) revised estimate of QR 162.00 billion, a decrease of 1.0% is noticed
The quarterly GDP at constant (2013=100) prices in Q1 of 2018 (QR 199.20 billion) shows a growth of 1.4% compared to the revised estimate of Q1 of 2017 (QR 196.52 billion). However, compared to the previous quarter (Q4 of 2017) revised estimate of QR 206.74 billion a decrease of 3.6% is recorded.
Mining and Quarrying activities
The nominal Gross Value Added (GVA) estimate of Mining and Quarrying activities is estimated at QR 51.07 billion in Q1 2018, which shows an increase of 4.3% over the revised estimate of Q1 2017 placed at QR 48.37 billion. Compared to the previous quarter (Q4 of 2017) revised estimate, there has been a decrease of 5.2% in the GVA of this sector.
The real GVA of these activities in Q1 2018 is estimated at QR 94.07 billion, which shows a decrease of 2.3% over the revised estimate of Q1 2017 (QR 96.34 billion). However, compared to Q4 2017 revised estimate, there has been a decrease of 3.3% 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 109.37 billion in Q1 2018, which shows an increase of 8.3% over the revised estimate of Q1 2017 (QR 100.99 billion). Compared to the previous quarter (Q4 of 2017) revised estimate, an increase of 1.2% has been recorded.
The real GVA of these activities totaled QR 105.13 billion in Q1 2018, which shows a growth of 4.9% over the revised estimate of the corresponding quarter in 2017 (QR 100.19 billion). However, compared to Q4 2017 revised estimate, the real GVA of Non-Mining and Quarrying activities has decreased by 4.0%.
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The next Press Release on Q2, 2018 GDP will be on 30th September, 2018.
