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FINANCIAL NEWS
Qatar sees 14.5% growth in real GDP this year
01 Sep 2010
(MENAFN) Figures released within the Qatar Economic Review (QER) showed that the country’s real gross domestic product (GDP) is expected to grow 14.5 percent this year, driven by increased production and exports of liquefied natural gas (LNG), which will be around 45 million tons, QNA reported.
Real GDP is calculated taking inflation into consideration while nominal GDP estimates are reached without inflation figures. Nominal GDP is expected to grow 28.1 percent this year and 25.5 percent next year.
Aside from LNG, condensate production will reach 400,000 barrels per day (bpd) in 2010 and around 500,000 bpd next year, pipeline gas production will reach 2.8 billion cubic feet per day this year and around four billion cubic feet per day next year.
Qatar�s economic growth has been further catalyzed by reforms, a favorable economic environment, stability as endorsed by international ratings agencies and promotion of private enterprise as well as foreign investment.
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