Qatar real GDP surges 1% year-on-year in Q2 as hydrocarbons grow faster than non-oil: PSA| Gulf Times – Gulf Times

Qatar real GDP surges 1% year-on-year in Q2 as hydrocarbons grow faster than non-oil: PSA| Gulf Times – Gulf Times

The Ras Laffan Industrial City, Qatar's principal site for the production of liquefied natural gas and gas-to-liquids (file). Qatar's inflation-adjusted (real) economy is estimated to have grown 1% year-on-year during the second quarter (Q2), mainly on faster expansion in hydrocarbons, according to PSA data.







Qatar's inflation-adjusted (real) economy is estimated to have grown 1% year-on-year during the second quarter (Q2), mainly on faster expansion in hydrocarbons, according to the official data.The real gross domestic product (GDP) was up 0.5% on a quarterly basis during the review period as the mining sector growth masked the decline in non-hydrocarbons, according to the Planning and Statistics Authority data.The mining and quarrying sector, under which hydrocarbons fall, is estimated to have grown 2.3% year-on-year and the non-mining and quarrying sector by 0.1%.The agriculture, forestry and fishing sectors soared 4%