FINANCIAL NEWS

Qatar’s GDP grows 4.8 percent in Q2

06 Oct 2015

(MENAFN) Qatar’s quarterly gross domestic product (GDP) at constant prices rose 4.8 percent in the second quarter of 2015 helped by robust growth in construction financial services and hospitality sectors.

The GDP which is a measure of the size of an economy grew from QR187.63bn in second quarter of 2014 to USD53.96 billion in the same quarter current year.

However compared to the previous quarter revised estimate of USD53.69 billion the growth in this quarter is 0.5 percent the Ministry of Development Planning and Statistics said.

The real Gross Value Added (GVA) of mining and quarrying sector in the second quarter stood at USD27.24 billion showing a rise of 0.9 percent over the estimate of Q2 2014 (USD27 billion).

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