Qatar Statistics Authority (QSA) has released the preliminary estimates of Gross Domestic Product (GDP) at current prices for the fourth quarter (Q4) of 2011. The estimates have been produced by using the data collected through the Quarterly Economic Indicator Survey and from other source agencies For the first time, QSA has released the Quarterly Estimates of GDP at Constant (2004) Prices also to help the users in assessing the real growth of the economy. Based on the estimates of Quarterly GDP, the preliminary estimates of GDP for the year 2011 both at current and constant prices have also been released.Estimates at Current PricesThe quarterly GDP in the Q4 of 2011 at current prices is estimated at 171.78 billion Qatari Riyal. This represents an increase of 35.9% compared to the estimate of Q4 of 2010 placed at 126.44 billion Qatari Riyal. When compared to previous quarter [Q3 of 2011] estimates of 164.82 billion Qatari Riyal, the increase is 4.2%.
 Cumulatively, the preliminary GDP estimate for the year 2011 at 631.61 billion Qatari Riyal shows a rise of 36.3% over the estimate of 463.49 billion Qatari Riyal, recorded in the year 2010. Expansion in the production levels of gas-related products, LNG and condensates, coupled with increases in hydrocarbon prices has been instrumental in pushing the nominal GDP of the country (36.3% rise). The oil and gas sector has contributed 51.7% and 58.3% of Qatar’s total nominal GDP in 2010 and 2011 respectively.For more details about Quarterly GDP please refer to  QALM:  www.qix.gov.qa
 
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