Ministry of Development Planning and Statistics (MDPS) have released the preliminary estimates of Gross Domestic Product (GDP) at current and constant prices for the Fourth quarter (Q4) of 2015. Also the expenditure components of the nominal GDP have been released simultaneously. The estimates have been produced by using the data collected through the Quarterly Economic Indicator Survey and from other source agencies.
- Real GDP (GDP at constant prices, 2013=100) growth is 4.0% in the Q4, 2015 over Q4, 2014 GDP estimate.
- Mining and Quarrying activities real growth is 0.7% over the corresponding quarter in 2014.
- Non-Mining and Quarrying activities real growth is 7.4% (Y-o-Y).
The quarterly GDP at current prices in the Q4 of 2015 is estimated at QR 147.03 billion. This represents a decrease of 19.8% compared to the estimate of Q4 of 2014 placed at QR 183.29 billion. When compared to previous quarter (Q3 of 2015) revised estimate of QR 147.54 billion, a decrease of 0.4% is noticed.
The quarterly GDP in the Q4 of 2015, at constant 2013 prices (QR 200.54 billion) shows a growth of 4.0% compared to the estimate of Q4 of 2014 (QR 192.77 billion). However, compared to the previous quarter (Q3 of 2015) revised estimate of QR 201.45 billion, a decrease of 0.5% is noticed.
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