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FINANCIAL NEWS
Qatar’s GDP records 6.2% growth last year
31 Mar 2013
(MENAFN) Qatari statistics Authority (QSA) said that following the global oil prices plunge, in 2012, the country’s gross domestic product (GDP) slowed to 6.2 percent, reported Arabian Business.
The agency added that the Qatari construction, finance and manufacturing sectors grew by about a third and they are expected to grow more in 2013.
QSA also said that mining and quarrying production, which comprises oil and gas and makes up almost half of Qatar’s GDP, gained 1.7 percent in 2012 after a surge in oil prices that made the overall economy grow 13 percent a year earlier.
The construction and finance sectors, each representing over a tenth of the economy, expanded by 34 percent, whereas manufacturing increased by 28 percent.
It’s worth noting that in the fourth quarter, GDP decelerated to 0.1 percent compared to 1.7 percent in the previous quarter.
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