The Planning and Statistics Authority (PSA) have released the preliminary estimates of gross domestic product (GDP) at current and constant prices for the fourth quarter (Q4) of 2021.
The estimates have been produced with data collected through the Quarterly Economic Indicator Survey and from other source agencies.
This press release presents the estimates of GDP for the fourth quarter of 2021 and compares it with the GDP estimates for the fourth quarter of 2020 and the revised estimates for the third quarter of 2021.
HIGHLIGHTS
- Gross domestic product at current prices (nominal GDP) increased by 29.3% in the fourth quarter of 2021 over the fourth quarter of 2020.
- Gross domestic product at constant prices (real GDP, 2018=100) increase by 2.0% in the fourth quarter of 2021, (year on year).
- Gross value added at constant prices (real GDP, 2018=100) for Mining and Quarrying activities increased by 1.3% in the fourth quarter of 2021 compared to the same quarter in 2020.
- Gross value added at constant prices (real GDP, 2018=100) for Non-Mining and Quarrying activities increase by 2.3% in the fourth quarter of 2021, (year on year).
Fourth Quarter 2021 Nominal and Real GDP Estimates
The quarterly GDP at current prices in Q4 of 2021 is estimated at QR 174.266 billion. This represents an increase of 29.3% compared to the estimate of Q4 of 2020 placed at QR 134.762 billion. When compared to previous quarter (Q3) of 2021 revised estimate of QR 174.806 billion, a decrease of 0.3% is recorded.
The quarterly GDP at constant prices (2018=100) shows an increase of 2.0% in Q4 of 2021 (QR 166.242 billion) compared to the estimate of Q4 of 2020 (QR 136.062 billion). When compared to Q3 of 2021 revised estimate (QR 167.772 billion), a decrease of 0.9% is also recorded.
Mining and Quarrying Activities
The nominal gross value added (GVA) estimate of Mining and Quarrying activities is estimated at (QR 63.639 billion) in Q4 2021, which shows an increase of 63.7% over the estimate of Q4 2020 placed at (QR 38.879 billion). Compared to the previous quarter Q3 2021 revised estimate (QR 67.812 billion), a decreased of 6.2% in the GVA of this sector is recorded.
The real GVA of these activities is estimated at (QR 61.253 billion) in Q4 2021, which shows an increase of 1.3% compared to the estimate of Q4 2020 (QR 60.456 billion). Compared to Q3 2021 revised estimate (QR 62.685 billion), a decrease of 2.3% in the real GVA of this sector is also recorded.
Non-Mining and Quarrying Activities
The nominal GVA of Non-Mining and Quarrying activities is estimated at (QR 110.626 billion) in Q4 2021, which shows an increase of 15.4% over the estimate of Q4 2020 (QR 95.883 billion). Compared to the previous quarter Q3 2021 revised estimate (QR 106.994 billion), an increase of 3.4% is recorded.
The real GVA of Non-Mining and Quarrying activities is estimated at (QR 104.989 billion) in Q4 2021, which shows an increase of 2.3% over the estimate of the Q4 2020 (QR 102.606 billion). When compared to the Q3 2021 revised estimate (QR 105.088 billion), a decrease of 0.1% is also recorded.
