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FINANCIAL NEWS
Qatar reports 3.9% GDP growth in Q3
15 Jan 2013
(MENAFN) Qatar’s statistics authority stated that in 2012’s third quarter, the country’s gross domestic product (GDP) expanded by nearly 3.9 percent, reported Emirates 24/7.
The agency said that in the January-September period of 2012, the country’s economy grew by 5.8 percent from the same period a year earlier, whereas nominal growth stood at 13.5 percent.
It added that in the third quarter, the oil sector contracted by almost 0.8 percent due to sluggish exports of Liquefied Natural Gas (LNG) resulting from maintenance work.
Meanwhile, in the quarter, the manufacturing sector jumped by about 13.6 percent due to growth in the output of petrochemicals, fertilizer, aluminum and gas to liquids (GTL) products.
Furthermore, transport and communications expanded 9.4 percent, construction 9.4 percent, trade 8.1 percent, domestic services 8 percent, electricity and water 6.3 percent and 4.7 percent in finance, insurance and real estate, whereas import duties posted a 9.2-percent gain.
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