The Planning and Statistics Authority (PSA) have released the preliminary estimates of gross domestic product (GDP) by economic activities at current and constant prices for the fourth quarter (Q4) of 2019. Nominal GDP estimates by components of expenditure are also provided,GDP at current and constant prices for the last eight quarters are given in this report.
The estimates have been produced by using the data collected through the Quarterly Economic Indicator Survey and from other source agencies and other published data. Classification of economic activities follows the International Standard Industrial Classification (ISIC Rev.4).
HIGHLIGHTS
- Real gross domestic product at constant prices (2013=100) decrease by 0.6% in the fourth quarter of 2019 over the same quarter in 2018.
- Mining and quarrying activities decrease by 3.4% in real terms in the fourth quarter of 2019 when compared to the fourth quarter of 2018.
- Non-mining and quarrying activities increase by 2.0% in real terms in the fourth quarter of 2019, (year on year).
1.Nominal and Real GDP Estimates by Economic Activity
The quarterly GDP at current prices in the fourth quarter of 2019 is estimated at QR 167.76 billion. This represents a decrease of 7.2% compared to the estimate of the (fourth quarter of 2018) placed at QR 180.74 billion. When compared to previous revised quarter (third quarter of 2019) revised estimate of QR 167.45 billion, an increase of 0.2% is noticed.
The quarterly GDP at constant 2013 prices in the fourth quarter of 2019 is estimated at QR 206.58 billion, which shows a decrease of 0.6% compared to the estimate of fourth quarter of 2018 (QR 207.75 billion). However, compared to the third quarter of 2019 revised estimate of QR 209.52 billion a decrease of 1.4% is recorded.
It is to be noted that the year-on-year growth rate of GDP at constant 2013 prices for the third quarter of 2019 has been revised and is virtually unchanged from the same quarter in 2018.
The nominal gross value added (GVA) of mining and quarrying activities in the (fourth quarter of 2019) is estimated at QR 54.68 billion, showing a decrease of 19.0% over the estimate of the (fourth quarter of 2018), placed at QR 67.51 billion. Compared to the third quarter of 2019 revised estimate, a decrease of 1.9% is observed.
The real GVA of these activities in the fourth quarter of 2019 (QR 93.81 billion) shows a decrease of 3.4% over the estimate of the fourth quarter of 2018 QR 97.14 billion. When compared to the third quarter of 2019 revised estimate, a decrease of 3.4% in the real GVA of this sector is also recorded.
It is to be noted that the preliminary estimates for the real GVA of these activities have been placed at QR 97.13 billion in the third quarter of 2019, showing an year-on-year decrease of 2.7%.
