Qatar Statistics Authority (QSA) has released the preliminary estimates of Gross Domestic Product (GDP) at current prices for the second quarter (Q2) of 2011. QSA has used the information collected through the Quarterly Economic Indicator Survey and from other source agencies as well as the information from administrative records provided by other source agencies.
The quarterly GDP in the Q2 of 2011 at current prices is estimated at 153.73 billion Qatari Riyal. This represents an increase of 41.8% compared to the estimates of Q2 of 2010 [108.42 billion Qatari Riyal]; while compared to Q1 of 2011 estimates of 141.26 billion Qatari Riyal, the increase is 8.8%. Rising levels in the quantity of gas-related productions and high energy prices have been the main drivers of nominal Year on Year quarterly GDP increase. An analysis by industry group, comparing the performance in Q2 of 2011 with the corresponding quarter in 2010 [Year on Year Basis], and with the first quarter (Q1) of 2011 is given in the following paragraphs. Readers are advised to keep the seasonality factor in view, while comparing the estimates with the previous quarter.In Q2 of 2011, the Gross Value Added (GVA) for the Mining and Quarrying sector is estimated at 89.49 billion Qatari Riyal. Compared to the level recorded in the Q2 of 2010 with 53.40 billion Qatari Riyal, this represents an increase of 67.6%, and compared to the previous quarter of this year (Q1 of 2011) at 81.12 billion Qatari Riyal, it shows a rise of 10.3%. Details at product level show that the main contributor was the increase in the value added of Liquefied Natural gas (LNG) and other gas-related products. Condensates and other natural gas liquids (Butane and Propane) showed a major jump following the operation at full capacity of the two new LNG mega Trains.The GVA of Manufacturing sector is estimated at 16.93 billion Qatari Riyal in Q2 of 2011 showing an increase of 39% over the corresponding quarter of 2010 [12.18 billion Qatari Riyal in Q2 of 2010]. Compared to the previous quarter (Q1 of 2011), the increase is 19.8%. The expansion in the extraction of gas reflected the higher level of activity recorded in the production of some downstream gas-related products, in particular, in the petro-chemical industries such as Gas to Liquids (GTL), polymers production and methanol. The start of operation of a new plant engaged in the production of High Density Polyethylene (HDPE) and Normal Alpha Olefins (NAO) also contributed to the overall growth.The GVA of the Construction sector was almost at the previous quarter’s level. It is estimated at 6.10 billion Qatari Riyal in Q2 of 2011 showing a decline of 3.4% over the corresponding quarter of 2010 [6.32 billion Qatari Riyal in Q2 of 2010]The GVA of the Trade, Hotel and Restaurants sector is estimated at 8.24 billion Qatari Riyal in Q2 of 2011 showing an increase of 6.1% over the corresponding quarter of 2010 [7.77 billion Qatari Riyal in Q2 of 2010]. Compared to the previous quarter (Q1 of 2011), there was a marginal increase of 1.1% The Transport and Communication sector generated a value added of 5.12 billion Qatari Riyal in Q2 of 2011 against 4.19 billion Qatari Riyal in Q2 of 2010 showing a rise of 22%. Compared to the previous quarter, Q1 of 2011, the increase was 3%. Within this group. For Finance, Insurance, Real Estate & Business Services, the GVA is estimated at 16.50 billion Qatari Riyal in Q2 of 2011, showing an increase of 10.2% when compared to the corresponding quarter (Q2) estimate of 14.98 billion Qatari Riyal in 2010. Compared to the previous quarter, Q1 of 2011, there was an increase of 3.4%.The contribution of the Government Services includes public administration as well as services of health, education… etc is estimated at 10.66 billion Qatari Riyal in Q2 of 2011, which is 19.5% higher than the estimate of Q2 of 2010, and 4.7% higher than the previous quarter (Q1 of 2011).
Estimates of Quarterly Gross Domestic Product by economic activities at current prices 2011 Second Quarter