DOHA: Qatar’s Gross National Income (GNI) estimates for Q2, 2014 stood at QR182.6bn ($50.14bn), up 7.9 percent compared to the GNI estimates of QR169.21bn ($46.47bn) in the corresponding period last year, according to the latest Quarterly Sequence of Accounts (QSOA) released by the Ministry of Development Planning and Statistics.
GNI, also called Gross National Product (GNP), is derived by adding Net Factor Income from Abroad (NFIA) to Gross Domestic Product (GDP). If the income paid to the rest of the world (outflow) is greater than the income received (inflow), then GNP will be lower than GDP.
Since the net outflow of property income from Qatar has shown a decline of 18.2 percent. This explains the year-on-year rise in the national income in this quarter. However, on quarter-on-quarter basis, GNI in Q2, 2014 has gone down by 1.3 percent compared to the GNI of Q1, 2014.
The gross saving of the nation has been estimated at QR111.76bn in Q2, 2014 over QR105.76bn in Q2, 2013, showing a year-on-year rise of 5.7 percent. However, when compared to the previous quarter (Q1, 2014), the gross saving has gone down by 4 percent.
The gross saving ratio to nominal GDP (at current prices) in Q2, 2014 is placed at 58.9 percent. The comparative figures for Q1, 2014 and Q2, 2013 are estimated to be 60.1 percent and 59.5 percent, respectively.
The household final consumption expenditure (HFCE), also called estimate of the expenditure component of GDP, in Q2, 2014 has been placed at QR27.14bn as against QR24.80bn estimated in Q2, 2013, showing an increase of 10.5 percent. The significant increase in household consumption expenditure was attributed to rising population and the price rise of consumer items in the country have led to this rise.
The share of HFCE in the nominal GDP, in Q2, 2014 is estimated at 14.5 percent. The corresponding figures for Q1, 2014 and Q2, 2013 are 13.8 percent and 13.9 percent, respectively.
The Government Final Consumption Expenditure (GFCE) for Q2, 2014 has been estimated at QR26.86bn as against QR24.39bn recorded in Q2, 2013, showing a an increase of 10.2 percent. The percentage share of GFCE in nominal GDP during Q2, 2014 has been estimated at 14.2 percent. The corresponding shares for Q1, 2014 and Q2, 2013 have been 13.7 percent, each respectively.
The Gross Capital Formation (GCF) has been estimated at QR57.7bn in Q2 of 2014 as against QR49.66bn in Q2, 2013, showing an increase of 16.2 percent.
The percentage share of GCF in nominal GDP during Q2, 2014 has been estimated at 30.4 percent. The corresponding shares for Q1, 2014 and Q2, 2013 have been 27.8 percent and 27.9 percent, respectively.
The combined value of exports of goods and services, including re-exports from the country has been estimated at QR135.09bn in Q2 of 2014 as against QR131.89bn in Q2, 2013, showing an increase of 2.4 percent. This year-on-year increase in the Q2, 2014 is mainly driven by the rising exports of some of the services like Travel and Transportation.
The percentage share of exports in nominal GDP during Q2, 2014 has been estimated at 71.2 percent. The Peninsula
