By Sachin Kumar
DOHA: Qatar’s real GDP (Gross Domestic Product) in the fourth quarter (Q4) of 2015, at constant 2013 prices, stood at QR200.54bn registering year-on-year of 4 percent over the estimates of Q4 of 2014. GDP at current prices or nominal GDP is estimated at QR147.03bn for Q4, showing a decline of 19.8 percent from a year ago. Figures for real GDP are adjusted for inflation while nominal GDP figures are not inflation adjusted.
Compared to previous quarter (Q3 of 2015) the nominal GDP shows decrease of 0.4 percent, according to the preliminary figures released by the Ministry of Development Planning and Statistics (MDPS) yesterday.
The nominal Gross Value Added (GVA) of Mining and Quarrying sector (including Oil and Gas) is estimated at QR47.73bn for the Q4, show a decline of 44.5 percent over Q4, 2014. Reduction in international price levels of crude oil during the quarter has led to sharper decline in nominal GVA of this sector, said the ministry.
The nominal GVA of Non Mining and Quarrying sector is estimated QR99.30bn in Q4, which shows an increase of 2.1 percent over same quarter in 2014. The growth in the Q4 of 2015 is mainly due to the increases seen in construction, social services, and financial services.
The nominal GVA of manufacturing sector in Q4 of 2015 is estimated at QR13.77bn showing a drop of 28 percent over corresponding quarter of 2014.
The nominal GVA of construction sector is estimated at QR13.89bn in Q4 of 2015, reflecting an increase of 14.8 percent when compared to the estimate of corresponding quarter of 2014. However, compared to the previous quarter (Q3 of 2015) estimate, an increase of 2.1 percent was noticed. The nominal GVA of Trade, Hotel and Restaurants is estimated at QR15.91bn in Q4 of 2015 registering an increase of 7.5 percent over corresponding quarter of 2014. Compared to the previous quarter (Q3 of 2015) estimates, there has been an increase of 4.4 percent.
Transport and Communication sector generated a nominal value added of QR6.74bn in Q4, 2015 against QR6.39bn in Q4, 2014 showing a rise of 5.5 percent.
The nominal GVA of Finance, Insurance, Real Estate and Business Services sector is estimated at QR29.14bn in Q4 of 2015, showing an increase of 8.7 percent, primarily due to rise in insurance and real estate sectors, when compared to the corresponding quarter. However, compared to the previous quarter (Q3 of 2015), an increase of 10 percent in the GVA estimate has been recorded in this group.
The nominal GVA contribution of the Government Services which includes the provision of public health, education and other miscellaneous services is estimated at QR20.28bn in Q4 of 2015, which is 9.3 percent higher than the estimate of Q4 of 2014.
The Peninsula
