A general view of Doha city with buildings under construction December 24, 2012. REUTERS/Fadi Al-Assaad
DOHA Jan 12 (Reuters) – Qatar’s economy grew 2.6% year-on-year in the third quarter of 2021, according to official estimates, driven mainly by the non-hydrocarbon sector.
On a quarterly basis, gross domestic product (GDP), based on constant prices grew by 4%, Qatar’s statistical authority said Wednesday.
Mining and quarrying GDP decreased by 0.7% year-on-year in the third quarter, while non-mining and quarrying activities grew by 4.7% in the third quarter.
Accommodation and food service activities saw the biggest annual jump, growing 29.8%, reflecting the continued recovery of a sector hit badly by coronavirus-related restrictions in 2020.
Transportation and storage activities followed close behind, with a 29.7% growth, while manufacturing grew 6.1%.
Qatar, a major producer of liquified natural gas, posted a surplus of $247 million in the third quarter, the finance ministry said in November, which was lifted by higher energy prices. Reporting by Andrew Mills; Editing by Toby Chopra
This article was originally published by Reuters.
Keturah founder says industry needs to work together to catch up with government vision, market…
End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a…
In real estate sales, Dubai South ranked as best-performing area for fifth successive month Dubai, UAE,…
Strength of demand goes beyond individual high value deals as developers record 244 off plan…
Discussions focused on motorsport development, increased participation, road safety and the leadership of FIA Member…
Dubai, UAE, 26th July, 2026: The Fédération Internationale de l'Automobile (FIA) and Formula One Management…