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FINANCIAL NEWS
Qatari Q2 non-mining sector up 8.5%
24 Oct 2012
(MENAFN) Qatar Statistics Authority (QSA) announced that during the second quarter, the country’s non-mining sector expanded 8.5 percent from a year ago, reported The Peninsula.
The Gross Value Added (GVA) in the non-mining sector jumped by 16.9 percent from 2011’s same period.
The report by the QSA showed that manufacturing, construction, transport & communication and finance, insurance, real estate and business services were the main contributors to the sector.
Qatar’s gross domestic product (GDP) grew 11.9 percent in nominal terms in the second quarter from last year’s same period to USD47.58 billion, however, it fell by 1.1 percent over the first quarter.
It is worth noting that the Qatari manufacturing sector rose by 8 percent on annual basis, whereas the construction sector increased by 10 percent, transport & communication jumped by 18 percent, and insurance, real estate and business services grew 12.1 percent.
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